Del Monte Corp reported first-quarter 2026 net sales of $1 billion, with gross margin rising to 8.5% and adjusted gross margin to 8.7%. The company closed the acquisition of Del Monte Foods late in the quarter, which contributed roughly one week of results and is expected to add $600 million to net sales and approximately $23 million to adjusted EBITDA for the full year. Adjusted EBITDA reached $58 million with a margin of 6%, while adjusted net income was $30 million and adjusted earnings per share came to $0.63. The acquisition increased long-term debt to $438 million from $173 million at year-end, and the company declared a quarterly cash dividend of $0.30 per share. Management cited cost pressures from the Middle East conflict, including higher energy, shipping, and commodity input costs, and expects full-year net sales growth of 13% to 15%.
Del Monte CorporationDel Monte Corp reported Q1 results with improved margins and closed the accretive Del Monte Foods acquisition, boosting earnings and sales guidance.
Fresh Del Monte Produce Inc