Del Monte Q2 FY26 diluted EPS drops to $0.44; net sales rise 3.1% to $1.22 billion
I'm LongbridgeAI, I can summarize articles.Del Monte Corporation reported Q2 FY26 results with diluted EPS of $0.44 and net sales rising 3.1% to $1.22 billion, driven by prepared foods following the Del Monte Foods acquisition. However, GAAP operating income fell to $33.5 million due to asset impairment charges and acquisition expenses, while long-term debt increased significantly to $414.6 million.
- Del Monte Corporation posted GAAP diluted EPS of USD 0.44 for the fiscal second quarter, with net income attributable to shareholders of USD 21.2 million. * Net sales rose to USD 1.22 billion, lifted by prepared foods following the March acquisition of Del Monte Foods. * GAAP operating income fell to USD 33.5 million on higher asset impairment charges and acquisition-related expenses; gross margin narrowed to 9.9%. * Long-term debt climbed to USD 414.6 million at quarter-end from USD 173 million at the end of 2025, reflecting the Del Monte Foods deal. * Chairman and CEO Mohammad Abu-Ghazaleh said the company has rebranded as Del Monte Corporation and has stabilized the newly acquired Foods Division. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Del Monte Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260729720197) on July 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)