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Del Monte (DMC) Stock News

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Del Monte (NYSE:DMC) will showcase its unified fresh and shelf-stable portfolio at the IFPA Global Produce & Floral Show on October 15–16. The Orlando exhibit follows its acquisition of select Del Monte Foods assets, which reunited the brand under one global owner for the first time in nearly 40 years.

The company will debut six new products, including sauces, an açaí parfait, fruit kabobs, watermelon feta salad, a fruit snack tray and Medjool dates. It will also highlight a collaboration between its Fresh and Foods teams offering Del Monte Gold Pineapple chunks and spears in new packaged formats. Attendees can sample the offerings at booth #1642.

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Del Monte Corporation (NYSE: DMC) will release its third quarter 2026 financial results before market opening on October 28, 2026.

The company will host a conference call that day at 11:00 a.m. Eastern Time to discuss the results. A live webcast will be available through its investor relations website, with an archived replay available shortly after the event concludes.

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Del Monte Corporation (DMC) will sponsor the American Diabetes Association’s Step Out Walk in Pittsburgh at PNC Park on September 26, supporting community efforts to prevent and cure diabetes and improve the lives of those affected.

The partnership underscores Del Monte’s long-term commitment to Pittsburgh, where its North American Foods Division has been based for more than two decades and was recently reaffirmed as the division’s operational hub for supply chain, finance, commercial operations and R&D. The company highlights the walk’s potential, with ADA leadership stating that support from sponsors such as Del Monte could help make the event the largest ADA walk and the first to raise $1 million.

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Del Monte Corporation (NYSE: DMC) announced that its subsidiary Del Monte Fresh Produce (HK) has entered into a joint venture with Riverking (Shanghai) Agricultural Technology Development to expand in China’s fresh-cut fruit segment. The partnership combines Del Monte’s brand, packaging, and fresh-cut technology with Riverking’s local sourcing, distribution, and customer networks to target China’s rapidly growing market.

According to DataIntelo, China is expected to represent about 45% of Asia’s fresh-cut produce market by 2034. The agreement was unveiled at Asia Fruit Logistica in Hong Kong, and aims to deliver branded, premium, safe, and convenient fresh-cut fruit products to Chinese consumers.

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Del Monte Corporation (NYSE: DMC) reported second quarter 2026 net sales of $1,219.1 million, up modestly from $1,182.5 million, driven mainly by the March 2026 acquisition of Del Monte Foods and growth in prepared foods, partly offset by lower fresh, value-added and banana sales.

Gross profit was $121.3 million with a gross margin of 9.9%. Operating income declined to $33.5 million from $68.3 million, and net income attributable to Del Monte Corporation fell to $21.2 million, or $0.44 diluted EPS (adjusted EPS $0.72). For the first six months, net cash from operations was $94.0 million. Long-term debt rose to about $414.6 million, mainly reflecting the Del Monte Foods acquisition. The board declared a quarterly dividend of $0.30 per share and the company repurchased 465,213 shares for $16.0 million, leaving $100.2 million under the current buyback authorization.

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Del Monte Corporation (NYSE: DMC) has amended its senior unsecured revolving credit facility, increasing total lender commitments by $150 million to $900 million. The facility’s maturity date remains February 21, 2029, with substantially unchanged terms, including a $50 million swingline sub facility and an accordion feature.

According to Del Monte Corporation, the upsized revolving capacity is intended to enhance financial flexibility, support seasonal working capital needs, and assist with integrating a recently completed acquisition. The unsecured facility is available for general corporate purposes, including working capital, capital expenditures, acquisitions, and other strategic initiatives.

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Del Monte Corporation (NYSE: DMC) announced it will release its second quarter 2026 financial results before market open on Wednesday, July 29, 2026. The company will host a conference call the same day at 11:00 a.m. Eastern Time to discuss the results.

The call will feature Chairman and CEO Mohammad Abu-Ghazaleh, Senior Vice President and CFO Monica Vicente, and Vice President Investor Relations Christine Cannella. Participants may join via the provided domestic or international dial-in numbers using passcode 1313437, or through a live audio webcast on Del Monte’s Investor Relations website, where a replay will also be available.

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Del Monte Corporation (NYSE:DMC) and Treatt launched a new range of upcycled, fruit-derived extracts for beverage applications. The collaboration combines Del Monte’s premium pineapple, watermelon, mango and cantaloupe supply with Treatt’s extraction technology to create clean-label, authentic-tasting ingredients from fruit portions not used in fresh-cut products.

The upcycled sourcing model aims to add value and support a more sustainable food system while helping beverage brands meet consumer demand for transparency, recognizable ingredients and stronger sustainability credentials.

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FAQ

What is the current stock price of Del Monte (DMC)?

Del Monte (DMC) last closed at $29.6.

What is the market cap of Del Monte (DMC)?

The market cap of Del Monte (DMC) is approximately $1.4B.