Del Monte posts $1.10 billion Q3 revenue amid continued growth

Del Monte Corporation (NYSE:DMC) reported third-quarter fiscal 2026 net sales of $1.095 billion, up 7.2% year over year, while adjusted diluted earnings per share reached $0.50.

Revenue missed analysts’ consensus estimate of $1.16 billion despite rising from $1.022 billion a year earlier, while adjusted net sales increased 14.2% after excluding the prior-year contribution from the divested Mann Packing business.

The company’s reported results showed gross profit increasing 27% to $102.6 million, with gross margin expanding 150 basis points to 9.4%.

Prepared Foods generated $261.2 million in sales and $45.8 million in gross profit, delivering a 17.5% gross margin, while the Banana segment recorded a $2.7 million adjusted gross loss amid higher production costs.

Del Monte declared a quarterly dividend of $0.30 per share, payable on December 4, 2026, to shareholders of record on November 11, 2026.

For the first nine months of fiscal 2026, Del Monte reported net sales of $3.359 billion and $53.1 million in cash from operating activities, while continuing to integrate Del Monte Foods following its acquisition in March 2026.