Del Monte Q2 EPS $0.44 vs $1.18 YoY; adjusted EPS $0.72; banana margins shrink

FRESH DEL MONTE PRODUCE INC

GAAP diluted EPS $0.44 (vs $1.18); adjusted EPS $0.72; net income $21.2M vs $56.8M.
Net sales $1,219.1M, up 3% YoY; prepared foods segment surged to $236.1M from $72.7M on Del Monte Foods acquisition.
Banana segment gross margin fell to 2.3% from 7.3% on higher costs and lower volumes in North America and Asia.
Long-term debt rose to $414.6M from $173.0M to fund the Del Monte Foods acquisition in March 2026.
Quarterly dividend maintained at $0.30/share; $100.2M remains under share repurchase program.

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