Del Monte

Q2 FY2026 EarningsQ2 FY26 missed consensus estimates significantly across the bottom line despite a slight top-line beat. Revenue was $1,219.1M vs. $1,304.8M expected (recalling that normalized Prepared Foods consolidated in late March). GAAP EPS was $0.44 vs. $0.53 expected, driven by $14.8M in one-time asset impairments and higher SG&A costs following the Del Monte Foods acquisition. While the Prepared Foods segment saw a 225% revenue surge, weak banana demand and Costa Rican currency headwinds pressured total margins.