Del Monte Corporation

freshdelmonte.com

What Do They Do?

Sells fresh and fresh-cut fruit and vegetables, bananas, and prepared foods such as juices and snacks to retailers, wholesalers and distributors, and foodservice operators.

How Do They Make Money?

Customers pay for fresh produce, bananas and prepared foods when products ship or arrive, depending on the arrangement. Freight and logistics services earn money over time.

revenue

Segment	Share	How money arrives
Other fresh produce Sold outright	61% FY2022: 58%	Sold outright
Banana Sold outright	34% FY2022: 36%	Sold outright
Totals	4.9% FY2022: 5.4%

Who Are Their Customers?

Retail chains and large wholesalers buy directly in North America and parts of Europe; smaller grocers and other customers are also served through distribution centers. Independent distributors handle prepared-food sales in much of Europe and distribution in the Middle East and North Africa.

Do Revenues Turn Into Profits?

Yes. It kept 2 cents of every revenue dollar as net income in FY2025 and turned 4 cents into free cash flow.

Operating income, FY2025

3% of revenue

▼ −30% vs FY2024 ($196.3M, 5%)

Net income, FY2025

2% of revenue

▼ −36% vs FY2024 ($142.2M, 3%)

Free cash flow, FY2025

4% of revenue

▲ +39% vs FY2024 ($130.8M, 3%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Sep 25, 2026

Revenue: ▲ +7%; vs $1B in Q3 FY2025
Net income: ▲ Now profitable; vs −$29.1M in Q3 FY2025

Mar 25, 2026 Acquired prepared and packaged food businesses and global Del Monte brand ownership The purchase included canned vegetables, tomatoes, refrigerated fruit and facilities.

Flat. Revenue was $4.3B in FY2025, about the same as the $4.3B of FY2021.

Expanded pineapple range The earlier report described Gold, Pinkglow, Honeyglow and Del Monte Zero; the later one adds Rubyglow, launched in China and later the United States, with expansion into Europe.

Revenue over time

Other fresh produce Banana Totals

$5B$2.5B$0

FY2021 FY2022 FY2023 FY2024 FY2025

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