DEL MONTE CORP
For the period ended Sep 25, 2026. Filed Oct 28, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 25, 2026 · Filed Oct 28, 2026
DMC$27.39-0.9%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets (unaudited) as of September 25, 2026 and December 26,
CONSOLIDATED BALANCE SHEETS (Unaudited)
(U.S. dollars in millions, except share and per share data)
| September 25,2026 | December 26,2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $21.1 | $35.7 |
| Trade accounts receivable, net of allowance of $47.0 and $38.2, respectively | 409.3 | 376.1 |
| Other accounts receivable, net of allowance of $5.5 and $4.9, respectively | 84.7 | 85.9 |
| Inventories, net | 849.6 | 581.9 |
| Assets held for sale | 15.1 | 9.6 |
| Prepaid expenses and other current assets | 50.1 | 51.6 |
| Total current assets | 1,429.9 | 1,140.8 |
| Investments in and advances to unconsolidated companies | 51.6 | 63.2 |
| Property, plant and equipment, net | 1,209.5 | 1,119.5 |
| Operating lease right-of-use assets | 181.6 | 192.8 |
| Goodwill | 389.6 | 390.0 |
| Intangible assets, net | 76.9 | 33.1 |
| Deferred income taxes | 48.7 | 45.5 |
| Other noncurrent assets | 81.1 | 74.1 |
| Total assets | $3,468.9 | $3,059.0 |
| Liabilities and shareholders' equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $548.2 | $467.3 |
| Current maturities of debt and finance leases | 7.0 | 1.5 |
| Current maturities of operating leases | 42.9 | 45.4 |
| Income taxes and other taxes payable | 22.6 | 15.1 |
| Total current liabilities | 620.7 | 529.3 |
| Long-term debt and finance leases | 492.6 | 176.2 |
| Retirement benefits | 103.2 | 92.4 |
| Deferred income taxes | 78.6 | 79.1 |
| Operating leases, less current maturities | 116.1 | 125.9 |
| Other noncurrent liabilities | 31.6 | 25.9 |
| Total liabilities | 1,442.8 | 1,028.8 |
| Commitments and contingencies (See Note 11) | ||
| Shareholders' equity: | ||
| Preferred shares, $0.01 par value; 50,000,000 shares authorized; none issued or outstanding | — | — |
| Ordinary shares, $0.01 par value; 200,000,000 shares authorized; 47,147,664 and 47,373,027 issued and outstanding, respectively | 0.5 | 0.5 |
| Paid-in capital | 609.2 | 606.6 |
| Retained earnings | 1,439.4 | 1,447.3 |
| Accumulated other comprehensive loss | (38.1) | (38.2) |
| Total Del Monte Corporation shareholders' equity | 2,011.0 | 2,016.2 |
| Noncontrolling interests | 15.1 | 14.0 |
| Total shareholders' equity | 2,026.1 | 2,030.2 |
| Total liabilities and shareholders' equity | $3,468.9 | $3,059.0 |
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
(U.S. dollars in millions, except share and per share data)
| Quarter ended | Nine months ended | |||
|---|---|---|---|---|
| September 25,2026 | September 26,2025 | September 25,2026 | September 26,2025 | |
| Net sales | $1,095.3 | $1,021.9 | $3,358.5 | $3,302.8 |
| Cost of products sold | 992.7 | 941.1 | 3,045.6 | 3,009.7 |
| Gross profit | 102.6 | 80.8 | 312.9 | 293.1 |
| Selling, general and administrative expenses | 67.2 | 52.1 | 190.9 | 151.5 |
| Gain on disposal of property, plant and equipment, net | 2.5 | 5.0 | 4.3 | 5.9 |
| Asset impairment and other charges, net | 8.8 | 55.5 | 43.6 | 56.1 |
| Operating income (loss) | 29.1 | (21.8) | 82.7 | 91.4 |
| Interest expense | 6.4 | 2.5 | 15.3 | 9.2 |
| Interest income | 0.1 | 0.7 | 0.7 | 1.1 |
| Income from equity method investments | 2.4 | 3.1 | 10.9 | 10.9 |
| Other (income) expense, net | (0.6) | 3.4 | 7.2 | 7.8 |
| Income (loss) before income taxes | 25.8 | (23.9) | 71.8 | 86.4 |
| Income tax provision | 7.1 | 4.2 | 20.9 | 25.2 |
| Net income (loss) | 18.7 | (28.1) | 50.9 | 61.2 |
| Less: Net income attributable to noncontrolling interests | 0.4 | 1.0 | 1.5 | 2.4 |
| Net income (loss) attributable to Del Monte Corporation | $18.3 | $(29.1) | $49.4 | $58.8 |
| Earnings per share: | ||||
| Net income (loss) per ordinary share attributable to Del Monte Corporation - Basic | $0.39 | $(0.61) | $1.04 | $1.23 |
| Net income (loss) per ordinary share attributable to Del Monte Corporation - Diluted | $0.39 | $(0.61) | $1.04 | $1.22 |
| Dividends declared per ordinary share | $0.30 | $0.30 | $0.90 | $0.90 |
| Weighted average number of ordinary shares: | ||||
| Basic | 47,146,531 | 47,917,663 | 47,331,071 | 47,942,661 |
| Diluted | 47,349,407 | 47,917,663 | 47,608,082 | 48,214,204 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
(U.S. dollars in millions)
| Quarter ended | Nine months ended | |||
|---|---|---|---|---|
| September 25,2026 | September 26,2025 | September 25,2026 | September 26,2025 | |
| Net income (loss) | $18.7 | $(28.1) | $50.9 | $61.2 |
| Other comprehensive income: | ||||
| Net unrealized (loss) gain on derivatives, net of tax | (4.8) | 4.8 | 5.0 | (3.9) |
| Net unrealized foreign currency translation gain (loss) | 1.3 | (2.9) | (6.0) | 20.3 |
| Net change in retirement benefit adjustment, net of tax | 0.1 | 0.4 | 1.1 | (0.5) |
| Comprehensive income (loss) | 15.3 | (25.8) | 51.0 | 77.1 |
| Less: Comprehensive income attributable to noncontrolling interests | 0.4 | 1.0 | 1.5 | 2.4 |
| Comprehensive income (loss) attributable to Del Monte Corporation | $14.9 | $(26.8) | $49.5 | $74.7 |
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