• Fresh Del Monte held first-quarter 2026 earnings call attended by Chairman and CEO Mohammad Abu-Ghazaleh, Senior VP and CFO Monica Vicente, Vice President of Investor Relations Christine Cannella.
• Management highlighted closing of Del Monte Foods transaction late in quarter, adding about one week of results; total cash consideration USD 308 million; expected 2026 contribution of USD 600 million net sales, about USD 23 million adjusted EBITDA.
• Outlook calls for continuing-operations net sales growth of 13%-15% in 2026; estimated Middle East-related cost pressure of about USD 40 million-USD 45 million starting in second quarter, with additional USD 20 million-USD 25 million headwinds over balance of year, about half tied to foreign exchange.
• Guidance includes gross margin ranges of 11%-12% for fresh and value-added products, 3%-4% for bananas, 13%-14% for Prepared Foods; expected 2026 SG&A of USD 270 million-USD 280 million, capex of USD 85 million-USD 95 million, operating cash flow of USD 40 million-USD 50 million.
• First-quarter results included net sales of USD 1 billion, adjusted EBITDA of USD 58 million, adjusted EPS of USD 0.63; long-term debt rose to USD 438 million following acquisition financing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fresh Del Monte Produce Inc. published the original content used to generate this news brief on May 06, 2026, and is solely responsible for the information contained therein.