Del Monte Foods Partners with Pittsburgh Pirates for Multi-Year Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2026
0mins
Del Monte Foods, a division of Fresh Del Monte Produce, announced a new multi-year partnership with the Pittsburgh Pirates. As part of the agreement, the Del Monte brand will make its official debut at PNC Park on June 9 during the Pirates' game against the Los Angeles Dodgers. Del Monte signage will be featured on the left field wall, alongside sponsorship of the Pirates grounds crew and in-game activations throughout the season.
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Analyst Views on FDP
About FDP
Del Monte Corporation, formerly Fresh Del Monte Produce Inc., is a vertically integrated producer, marketer and distributor of fresh and fresh-cut fruit and vegetables. Its products include prepared fruit and vegetables, juices, beverages, snacks, and desserts. The Company also operates a global platform across fresh, refrigerated, and shelf-stable food categories. It markets its products worldwide under the DEL MONTE brand and other recognized brands. Its fresh-cut fruit products include Del Monte Gold Extra Sweet pineapples, melons, grapes, citrus, mangos, and kiwis. Its Rubyglow pineapple is a hybrid fruit, grown in the tropical rainforests of Costa Rica. Its bananas are grown on its own farms in Costa Rica, Guatemala, and the Philippines. Its blueberries are grown in North America, as well as Peru and Chile. The Company's other brands include S&W, Contadina, Take Root Organics, and JOYBA.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Fresh Del Monte Produce Rebrands as Del Monte Corporation, Signaling Strategic Evolution
- Name Change Approval: Shareholders of Fresh Del Monte Produce have approved the rebranding to Del Monte Corporation, aligning with the acquisition of select assets from Del Monte Foods Corporation II, which signifies an expanded role in the global market.
- Brand Integration Strategy: The name change will take effect on June 9, 2026, aiming to consolidate the Del Monte brand under one global organization, thereby creating significant opportunities for expansion and innovation while enhancing consumer engagement.
- Ticker Symbol Change: The company's ticker symbol on the New York Stock Exchange will change from FDP to DMC on June 29, 2026, ensuring continuity in trading activities until the transition, reflecting strategic adjustments in the capital markets.
- Future Growth Outlook: The CEO of Del Monte Corporation emphasized the commitment to leveraging the brand's global recognition, anticipating unlocking further growth potential that will drive sales and strengthen relationships with partners and consumers.
See More
Fresh Del Monte Produce Inc. Rebrands as Del Monte Corporation
- Corporate Rebranding: Fresh Del Monte Produce Inc. officially rebrands as Del Monte Corporation on June 9, 2026, reflecting its expanded role as the global owner of the Del Monte® brand and aiming to unlock brand potential through a unified global strategy.
- Ticker Symbol Change: The company will change its NYSE ticker symbol from 'FDP' to 'DMC' effective June 29, 2026, which is expected to enhance brand recognition and attract more investor interest.
- Asset Acquisition: This rebranding coincides with the company's acquisition of select assets from Del Monte Foods Corporation through a court-supervised sale process, although certain products like canned fruits were excluded, enhancing the company's competitive market position.
- Brand Strategy: The restructuring into Del Monte Corporation signifies a commitment to innovation and long-term growth, with expectations to improve brand consistency and market reach through resource integration and customer base expansion.
See More
Fresh Del Monte to Attend Consumer Conference
- Conference Participation: Fresh Del Monte will participate in TD Cowen's 10th Annual Future of the Consumer Conference on June 2 at the Lotte New York Palace Hotel, with CFO Monica Vicente and VP of Investor Relations Christine Cannella engaging in a fireside chat at 1:15 PM ET, highlighting the company's commitment to investor relations.
- Live Webcast: The event will be webcast live on Fresh Del Monte's investor relations website and will be available for replay for at least 30 days, ensuring that investors who cannot attend in person still have access to critical information, thereby enhancing corporate transparency.
- One-on-One Meetings: Management will conduct one-on-one meetings with attending investors, with scheduling facilitated through TD Cowen representatives, further strengthening investor engagement and promoting potential investment opportunities.
- Brand Influence: As a leading global producer of high-quality fresh fruits and vegetables, Fresh Del Monte sells products in over 90 countries and, with over 140 years of brand history, continues to enhance market trust and brand value.
See More
Fresh Del Monte (FDP) Q1 2026 Earnings Transcript
See More
Fresh Del Monte Produce Q1 2026 Earnings Call Insights
- Acquisition Completion: Fresh Del Monte successfully closed the acquisition of Del Monte Foods in Q1, marking the brand's return to a single owner for the first time in nearly 40 years, although the quarter only included about one week of contribution, indicating initial integration effects.
- Sales Growth Outlook: The company expects net sales for 2026 on a continuing operations basis to increase by 13% to 15% year-over-year, including nine months of contribution from the Del Monte Foods transaction, reflecting confidence in future growth despite cost pressures.
- Cost Pressure Analysis: Management anticipates that the conflict in the Middle East will lead to approximately $40 million to $45 million in cost pressures, primarily from ocean freight and packaging costs, expected to manifest starting in Q2, impacting profitability.
- Financial Performance Overview: Q1 net sales were $1 billion, with adjusted net income of $30 million, demonstrating effective cost management amid a dynamic cost environment, although overall gross margins were pressured by industry-wide oversupply.
See More
Fresh Del Monte Reports Q1 Earnings Miss with Revenue Beat
- Earnings Performance: Fresh Del Monte's Q1 GAAP EPS of $0.21 missed expectations by $0.41, indicating pressure on profitability that could affect investor confidence moving forward.
- Revenue Details: The company reported revenue of $1.04 billion, a 5.5% year-over-year decline, although it beat market expectations by $10 million, the ongoing revenue drop poses challenges for future growth.
- Dividend Declaration: Fresh Del Monte declared a dividend of $0.30 per share, demonstrating a commitment to shareholders despite poor financial performance, which may help stabilize the stock price.
- Market Reaction: Given the earnings miss, the market's reaction to Fresh Del Monte's stock may lean negative, prompting investors to monitor subsequent strategic adjustments and market performance closely.
See More
Fresh Del Monte Produce Rebrands as Del Monte Corporation, Signaling Strategic Evolution
- Name Change Approval: Shareholders of Fresh Del Monte Produce have approved the rebranding to Del Monte Corporation, aligning with the acquisition of select assets from Del Monte Foods Corporation II, which signifies an expanded role in the global market.
- Brand Integration Strategy: The name change will take effect on June 9, 2026, aiming to consolidate the Del Monte brand under one global organization, thereby creating significant opportunities for expansion and innovation while enhancing consumer engagement.
- Ticker Symbol Change: The company's ticker symbol on the New York Stock Exchange will change from FDP to DMC on June 29, 2026, ensuring continuity in trading activities until the transition, reflecting strategic adjustments in the capital markets.
- Future Growth Outlook: The CEO of Del Monte Corporation emphasized the commitment to leveraging the brand's global recognition, anticipating unlocking further growth potential that will drive sales and strengthen relationships with partners and consumers.
See More
Fresh Del Monte Produce Inc. Rebrands as Del Monte Corporation
- Corporate Rebranding: Fresh Del Monte Produce Inc. officially rebrands as Del Monte Corporation on June 9, 2026, reflecting its expanded role as the global owner of the Del Monte® brand and aiming to unlock brand potential through a unified global strategy.
- Ticker Symbol Change: The company will change its NYSE ticker symbol from 'FDP' to 'DMC' effective June 29, 2026, which is expected to enhance brand recognition and attract more investor interest.
- Asset Acquisition: This rebranding coincides with the company's acquisition of select assets from Del Monte Foods Corporation through a court-supervised sale process, although certain products like canned fruits were excluded, enhancing the company's competitive market position.
- Brand Strategy: The restructuring into Del Monte Corporation signifies a commitment to innovation and long-term growth, with expectations to improve brand consistency and market reach through resource integration and customer base expansion.
See More
Fresh Del Monte to Attend Consumer Conference
- Conference Participation: Fresh Del Monte will participate in TD Cowen's 10th Annual Future of the Consumer Conference on June 2 at the Lotte New York Palace Hotel, with CFO Monica Vicente and VP of Investor Relations Christine Cannella engaging in a fireside chat at 1:15 PM ET, highlighting the company's commitment to investor relations.
- Live Webcast: The event will be webcast live on Fresh Del Monte's investor relations website and will be available for replay for at least 30 days, ensuring that investors who cannot attend in person still have access to critical information, thereby enhancing corporate transparency.
- One-on-One Meetings: Management will conduct one-on-one meetings with attending investors, with scheduling facilitated through TD Cowen representatives, further strengthening investor engagement and promoting potential investment opportunities.
- Brand Influence: As a leading global producer of high-quality fresh fruits and vegetables, Fresh Del Monte sells products in over 90 countries and, with over 140 years of brand history, continues to enhance market trust and brand value.
See More
Fresh Del Monte (FDP) Q1 2026 Earnings Transcript
See More
Fresh Del Monte Produce Q1 2026 Earnings Call Insights
- Acquisition Completion: Fresh Del Monte successfully closed the acquisition of Del Monte Foods in Q1, marking the brand's return to a single owner for the first time in nearly 40 years, although the quarter only included about one week of contribution, indicating initial integration effects.
- Sales Growth Outlook: The company expects net sales for 2026 on a continuing operations basis to increase by 13% to 15% year-over-year, including nine months of contribution from the Del Monte Foods transaction, reflecting confidence in future growth despite cost pressures.
- Cost Pressure Analysis: Management anticipates that the conflict in the Middle East will lead to approximately $40 million to $45 million in cost pressures, primarily from ocean freight and packaging costs, expected to manifest starting in Q2, impacting profitability.
- Financial Performance Overview: Q1 net sales were $1 billion, with adjusted net income of $30 million, demonstrating effective cost management amid a dynamic cost environment, although overall gross margins were pressured by industry-wide oversupply.
See More
Fresh Del Monte Reports Q1 Earnings Miss with Revenue Beat
- Earnings Performance: Fresh Del Monte's Q1 GAAP EPS of $0.21 missed expectations by $0.41, indicating pressure on profitability that could affect investor confidence moving forward.
- Revenue Details: The company reported revenue of $1.04 billion, a 5.5% year-over-year decline, although it beat market expectations by $10 million, the ongoing revenue drop poses challenges for future growth.
- Dividend Declaration: Fresh Del Monte declared a dividend of $0.30 per share, demonstrating a commitment to shareholders despite poor financial performance, which may help stabilize the stock price.
- Market Reaction: Given the earnings miss, the market's reaction to Fresh Del Monte's stock may lean negative, prompting investors to monitor subsequent strategic adjustments and market performance closely.
See More
