Del Monte Corp releases transcript of Q2 2026 earnings call
DMC•Q2 2026 earnings call highlights
Del Monte Corporation held its second-quarter 2026 earnings call with CEO Mohammad Abu-Ghazaleh, CFO Monica Vicente, and IR VP Christine Cannella.
- Raised 2026 Del Monte Foods outlook to net sales of $625 million from $600 million; adjusted EBITDA to $35 million from $23 million.
- Cited early integration gains, including service levels of 95%+; pricing actions, SKU rationalization, and trade optimization targeting about $9 million annual margin lift.
- Cut expected 2026 external cost pressures to $45 million-$55 million from $60 million-$70 million, led by lower fuel, fertilizer, and diesel trends.
- Banana margin pressure tied to intense competition, higher origin costs, and a Costa Rica currency headwind; closed four east-coast farms, about 5% of Costa Rica output.
