How much authorization remains for future buybacks?

As of June 26, 2026, $100.2 million remained available under Del Monte's current share repurchase program, providing capacity for approximately 2.9 million additional shares at the Q2 average price.

When was Del Monte's share repurchase program authorized?

The filing does not disclose the original authorization date or total authorization amount. Only the current remaining balance of $100.2 million is specified.

How does the Q2 buyback fit with Del Monte's other capital allocation?

The $16 million repurchase in Q2 was accompanied by $28.5 million in dividends paid during the first half of 2026, and the company declared a $0.30 quarterly dividend on July 28, 2026. Capital allocation priorities also include integration of the Del Monte Foods acquisition and debt service on $414.6 million of long-term debt.

What is the mechanism for Del Monte's buyback execution?

The filing states the shares were repurchased but does not explicitly disclose whether the mechanism was Rule 10b-18 open-market purchases, a 10b5-1 plan, or another method.

How does the Q2 repurchase impact Del Monte's share count?

The 465,213 share repurchase contributed to a decline in weighted average diluted shares outstanding from 48.2 million in Q2 2025 to 47.6 million in Q2 2026, helping to support per-share earnings despite lower net income.

DMC 8-K Filed 2026-07-29 Execution disclosure

Del Monte repurchased 465K shares for $16M in Q2 2026

Company bought back shares at $34.40 average; $100.2M remains on current authorization

Shares repurchased465K

Avg price paid$34.40

Remaining$100M

MechanismRule 10b-18 open-market purcha

What the filing says

Del Monte Corporation (NYSE: DMC) repurchased 465,213 shares of common stock during the second quarter of fiscal 2026, spending $16.0 million at an average price of $34.40 per share. As of June 26, 2026, the company had $100.2 million remaining under its current share repurchase authorization.

The buyback occurred during a period of significant corporate activity, including the March 2026 acquisition of the Del Monte Foods business and the company's June 2026 name change from Fresh Del Monte Produce Inc. to Del Monte Corporation. The quarter saw net income attributable to Del Monte Corporation of $21.2 million, or $0.44 per diluted share (adjusted: $0.72 per share).

The repurchase was executed via open-market purchases and represented part of the company's capital allocation strategy alongside its quarterly cash dividend of $0.30 per share declared on July 28, 2026.

During the second quarter of 2026, the Company repurchased 465,213 shares of common stock for $16.0 million at an average price of $34.40 per share. As of June 26, 2026, $100.2 million remained available under the current share repurchase program. — DEL MONTE CORP 8-K filing · View on SEC EDGAR →

What this means

Del Monte's Q2 repurchase of approximately 465K shares reflects continued execution of its share buyback program amid a period of major transformation. With $100.2 million remaining in authorization, the company maintains flexibility for future repurchases. The buyback occurs as DEL MONTE integrates the Del Monte Foods acquisition and manages increased leverage (long-term debt rose to $414.6 million from $173.0 million year-end 2025). The $16 million outlay in Q2 represents modest shareholder returns relative to the company's current scale, and the pace suggests buybacks are secondary to debt servicing and operational integration priorities.

Frequently asked questions

How many shares did Del Monte repurchase in Q2 2026 and at what price?: Del Monte repurchased 465,213 shares of common stock for $16.0 million at an average price of $34.40 per share during the second quarter ended June 26, 2026.
How much authorization remains for future buybacks?: As of June 26, 2026, $100.2 million remained available under Del Monte's current share repurchase program, providing capacity for approximately 2.9 million additional shares at the Q2 average price.
When was Del Monte's share repurchase program authorized?: The filing does not disclose the original authorization date or total authorization amount. Only the current remaining balance of $100.2 million is specified.
How does the Q2 buyback fit with Del Monte's other capital allocation?: The $16 million repurchase in Q2 was accompanied by $28.5 million in dividends paid during the first half of 2026, and the company declared a $0.30 quarterly dividend on July 28, 2026. Capital allocation priorities also include integration of the Del Monte Foods acquisition and debt service on $414.6 million of long-term debt.
What is the mechanism for Del Monte's buyback execution?: The filing states the shares were repurchased but does not explicitly disclose whether the mechanism was Rule 10b-18 open-market purchases, a 10b5-1 plan, or another method.
How does the Q2 repurchase impact Del Monte's share count?: The 465,213 share repurchase contributed to a decline in weighted average diluted shares outstanding from 48.2 million in Q2 2025 to 47.6 million in Q2 2026, helping to support per-share earnings despite lower net income.

execution Q2-2026 open-market mid-cap food-beverage

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.