Del Monte meets third-quarter earnings expectations, but revenue falls short of forecasts
Del Monte (NYSE:DMC) reported adjusted earnings per share of $0.50 for the third quarter of 2026, in line with the analyst consensus, while revenue of $1.1 billion came in below the expected $1.16 billion, though it grew 7.2% year over year. Gross profit rose 27.0% to $102.6 million and gross margin improved 150 basis points to 9.4%, driven by the acquisition of Del Monte Foods in March 2026. The Banana segment posted a gross loss of $2.7 million due to black sigatoka prevention costs in Costa Rica.
In 45 seconds
- Adjusted earnings per share of $0.50, in line with expectations; revenue of $1.1 billion, below the expected $1.16 billion
- Sales grew 7.2% year over year and gross profit rose 27.0% to $102.6 million, with a gross margin of 9.4%
- The Prepared Foods segment, following the March 2026 purchase of Del Monte Foods, contributed a 17.5% gross margin
Read the full story at Revista ADVFN
IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.
Comments
Be respectful. Comments reported by several people are hidden until a moderator reviews them.
You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.