Del Monte Corporation filed its Form 10-Q for the quarter and nine months ended September 25, 2026, reporting a return to quarterly profitability and disclosing a significant increase in long-term debt tied to an asset acquisition.

Key Highlights

  • Quarterly net income: Net income attributable to Del Monte Corporation was $18.3 million for the quarter ended September 25, 2026, compared to a net loss of $29.1 million in the same quarter of 2025.
  • Nine-month net income: Net income attributable to Del Monte Corporation for the nine months ended September 25, 2026 was $49.4 million, down from $58.8 million in the prior-year period.
  • Net sales growth: Quarterly net sales were $1,095.3 million, up from $1,021.9 million in the prior-year quarter; nine-month net sales were $3,358.5 million versus $3,302.8 million.
  • Long-term debt increase: Long-term debt and finance leases rose to $492.6 million as of September 25, 2026, from $176.2 million at December 26, 2025.
  • Dividends declared: Dividends declared per ordinary share were $0.30 for the quarter and $0.90 for the nine-month period, unchanged from the same periods in 2025.
  • Asset impairment charges: Asset impairment and other charges, net were $8.8 million for the quarter and $43.6 million for the nine months ended September 25, 2026.
  • Shares outstanding: As of October 16, 2026, there were 47,147,664 ordinary shares of Del Monte Corporation issued and outstanding.

Del Monte Corporation's Q3 2026 Financial Results: Revenue Growth and Shifting Debt Profile

According to the filing, Del Monte Corporation (NYSE:DMC) reported quarterly net sales of $1,095.3 million for the quarter ended September 25, 2026, compared to $1,021.9 million for the same quarter in 2025. Gross profit for the quarter was $102.6 million, up from $80.8 million in the prior-year quarter. Operating income for the quarter was $29.1 million, reversing an operating loss of $21.8 million reported in the third quarter of 2025. The company attributed the prior-year quarterly loss in part to asset impairment and other charges of $55.5 million in that period, compared to $8.8 million in the current quarter.

For the nine months ended September 25, 2026, the filing disclosed net sales of $3,358.5 million and net income attributable to Del Monte Corporation of $49.4 million, compared to $3,302.8 million in net sales and $58.8 million in net income for the same period in 2025. Selling, general and administrative expenses increased to $190.9 million for the nine-month period from $151.5 million in the prior-year period. Interest expense also rose to $15.3 million for the nine months ended September 25, 2026, from $9.2 million in the comparable 2025 period, according to the filing.

The consolidated balance sheet showed total assets of $3,468.9 million as of September 25, 2026, compared to $3,059.0 million at December 26, 2025. The filing disclosed that long-term debt and finance leases increased to $492.6 million from $176.2 million over the same period, while inventories rose to $849.6 million from $581.9 million. The filing references an "Acquisition of select assets of Del Monte Foods" in the cash flow statement as part of investing activities, though the full figure was not included in the extracted text. Net cash provided by operating activities for the nine months was $53.1 million, compared to $234.2 million in the prior-year period.

What Was Disclosed

Del Monte Corporation filed a quarterly report covering the quarter and nine months ended September 25, 2026, disclosing net income, sales results, balance sheet changes including a substantial increase in long-term debt, and continued quarterly dividends of $0.30 per ordinary share.