Del Monte Corporation

Del Monte Corp. has entered a joint venture in China for the sale of fresh-cut fruit products, partnering with Riverking (Shanghai) Agricultural Technology Development Co., a leading integrated private fruit enterprise. The deal, struck through its Hong Kong subsidiary Del Monte Fresh Produce (HK), targets China's rapidly growing fresh-cut fruit market. In its 2025 annual report, Del Monte noted that Asia accounted for 9% of its total sales of $4.32 billion last year, with fresh and value-added products generating $2.62 billion and bananas $1.49 billion. President and COO Mohammed Abbas said the partnership gives Del Monte a strong platform to deepen its foothold across Asia. Riverking, founded in 2003, operates 11 distribution centers in China and has offices in South America, Australia, New Zealand, North America, and Thailand.

Del Monte Corporation will ring the New York Stock Exchange Opening Bell on June 29, 2026, marking its first day of trading under the new ticker symbol DMC. The company recently changed its corporate name from Fresh Del Monte Produce Inc. to Del Monte Corporation, reflecting its role as the global owner of the Del Monte brand. Shares will continue trading under the ticker FDP through the close of market on June 26. Chairman and CEO Mohammad Abu-Ghazaleh called the event a full-circle moment, noting he helped take the company public nearly 30 years ago. The company says the unified brand platform positions it for growth across fresh and shelf-stable food categories.

Del Monte Corporation is celebrating International Pineapple Day on June 27 amid a surge in the fruit's popularity. Global pineapple production has grown nearly 43 percent from around 21 million metric tons to nearly 30 million metric tons, driven by improved farming, trade infrastructure, and logistics. U.S. per capita consumption has risen to an average of 8.5 pineapples per year, up from just 0.7 pounds in the 1970s. The company, which invented the Del Monte Gold Extra Sweet pineapple in 1996, highlights innovations such as the pink-fleshed Pinkglow, ultra-sweet Honeyglow, and luxurious Rubyglow varieties, along with convenient refrigerated spears. Del Monte Corporation, formerly Fresh Del Monte Produce, changed its corporate name in June 2026 and will begin trading under the symbol DMC on June 29.

Del Monte Corp reported first-quarter 2026 net sales of $1 billion, with gross margin rising to 8.5% and adjusted gross margin to 8.7%. The company closed the acquisition of Del Monte Foods late in the quarter, which contributed roughly one week of results and is expected to add $600 million to net sales and approximately $23 million to adjusted EBITDA for the full year. Adjusted EBITDA reached $58 million with a margin of 6%, while adjusted net income was $30 million and adjusted earnings per share came to $0.63. The acquisition increased long-term debt to $438 million from $173 million at year-end, and the company declared a quarterly cash dividend of $0.30 per share. Management cited cost pressures from the Middle East conflict, including higher energy, shipping, and commodity input costs, and expects full-year net sales growth of 13% to 15%.