The fresh produce giant reported a 3.4 per cent increase in net sales for Q2 2026, driven by its newly acquired Del Monte Foods division
Del Monte Corporation has reported its financial results for the second quarter (Q2) ended 26 June, with net sales climbing but income falling when compared with the same period of 2025.
Net sales rose to US$1.22bn, up from US$1.18bn last year, an increase primarily driven by higher net sales in the prepared foods segment following the acquisition of Del Monte Foods in March 2026.
This increase was partially offset by lower net sales in the fresh and value-added products segment, reflecting the divestiture of the Mann Packing business in the fourth quarter of 2025 and lower banana sales volumes in North America and Asia.
Gross profit for Q2 was US$121.3mn, the result of higher net sales, partially offset by higher per-unit production and procurement costs in the company’s banana and fresh and value-added products segments, higher ocean freight and distribution costs, and unfavourable foreign currency impacts primarily related to the Costa Rican colon.
Del Monte’s operating income was US$33.5mn, hit by higher asset impairment and other charges, net, primarily related to actions taken in Costa Rica and acquisition-related expenses associated with Del Monte Foods, as well as higher selling, general, and administrative expenses.
Net income attributable to Del Monte dropped from US$56.8mn in Q2 2025 to US$21.2mn, it noted.
“This quarter marked an important milestone in our evolution as we officially became Del Monte Corporation,” said Mohammad Abu-Ghazaleh, the company’s chairman and CEO.
”Our new corporate name reflects far more than a rebrand – it represents the company we are building: one that is building on its leadership in fresh produce to create value across fresh, refrigerated, shelf-stable and prepared foods, while unlocking greater value from our agricultural platform.
“We’re already seeing that evolution translate into results,” he continued. ”Our Foods Division, created through the acquisition of the Del Monte Foods business, has demonstrated the strength of our strategy.
”In a remarkably short period of time, we stabilised a business facing significant financial and operational challenges, advanced our integration priorities, and established a strong foundation for future growth.”
