Fresh Del Monte Produce Inc. Q1 FY2026 earnings call

• Closed Del Monte food transaction, bringing brand back under single owner after nearly four decades, with initial contribution from acquired business. • Highlighted impact of Middle East conflict on inputs, energy, fertilizers, packaging, transportation, affecting different business segments differently. • Updated segment reporting to align with internal management reporting, combining Del Monte Foods business with existing prepared foods operations. • Completed divestiture of man packing in December 2025.

Fresh and value-added products segment: Net sales $549 million, gross profit $60 million, gross margin 10.9%; Banana segment: Net sales $357 million, gross profit $16 million, gross margin 4.6%; Preferred food segment: Net sales $83 million, including $22 million from acquisition, gross profit $9 million, gross margin 10.8%; Other products and services segment: Net sales $56 million, gross profit $4 million, gross margin 6.8%

• Expect net sales on continuing operation basis to increase 13 - 15% year over year, with Del Monte Foods contributing $600 million in net sales in 2026. • Estimate cost pressures from Middle East developments to be ~$40 - 45 million starting in Q2. • Gross margin expectations: Fresh and value-added product segment 11 - 12%, Banana segment 3 - 4%, Prepared food segment 13 - 14%, Other products and services segment 12 - 13%. • SG&A expected 270 - 280 million, CapEx 85 - 95 million, Net cash provided by operating activities 40 - 50 million.

• Middle East conflict introducing shock across inputs, energy, fertilizers, packaging, transportation, with impact cascading through the system, affecting different business segments differently based on supply chain structures.