Fresh Del Monte Produce

Fresh Del Monte Produce, Inc. engages in production and distribution of fresh fruit and vegetables products. It operates through the following segments: Bananas and Fresh and Value-added products segments. The Bananas segment produces banana. The Fresh and Value-added products segment includes sales of pineapples, melons, non-tropical fruit (including grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries and kiwis), other fruit and vegetables, avocados, fresh-cut fruit and vegetables, prepared fruit and vegetables, juices, other beverages, prepared meals and snacks. The company was founded in 1886 and is headquartered in Coral Gables, FL.

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Fresh Del Monte (FDP) excels in Q4 2022, eyes sustained profitability

Fresh Del Monte Produce (FDP) reported a strong Q4 2022 performance, driven by robust sales and margin improvements. The company's strategic focus on cost control, innovation, and partnerships positioned it well to navigate challenges and capitalize on growth opportunities.

Fresh Del Monte Produce reports robust Q1 results and growth opportunities

Fresh Del Monte Produce delivered a strong performance in Q1 2023, focusing on profitability and operational efficiency.
Despite challenges in certain segments and inflationary pressures, the company managed to improve key financial metrics.
With opportunities for growth in the banana segment and leveraging its trusted brand status, Fresh Del Monte Produce is poised for continued success.

Fresh Del Monte Produce (FDP) doubles net income, focuses on core products and sustainability for growth

Fresh Del Monte Produce (FDP) delivered strong financial performance in Q2 2023, with improved net income, gross profit, and operating income, driven by core product strength and asset optimization.
While facing challenges such as lower net sales and fluctuating avocado pricing, the company showcased resilience through sustainability efforts, innovation, and strategic partnerships.
Opportunities for growth lie in expanding core product lines, leveraging technology, and exploring new partnerships and market segments to drive future success and profitability.

Fresh Del Monte Produce (FDP) reports solid Q3 performance and targets 12% gross margins

Fresh Del Monte Produce (FDP) delivered a strong performance in Q3 2023, showcasing operational excellence and strategic initiatives. While facing challenges in banana market dynamics and volume declines, the company remains focused on maintaining margins and driving growth. With a positive outlook for the future, Fresh Del Monte Produce (FDP) aims to capitalize on opportunities for expansion and efficiency improvements.

Fresh Del Monte Produce reports mixed Q4 performance and debt reduction success

Fresh Del Monte Produce's Q4 2023 performance was a mix of challenges and strengths, with a focus on debt reduction and margin improvement.
Despite facing an impairment charge and net loss, the company made progress in asset optimization and financial flexibility.
Opportunities lie in exploring strategic alternatives, expanding in key markets, and enhancing operational efficiency for future growth.
Overall, the company's financial health and strategic initiatives position it for potential growth and shareholder value creation.

Fresh Del Monte Produce reports mixed Q1 results, focuses on innovation and debt reduction

Fresh Del Monte Produce (FDP) faced a mixed financial performance in Q1 2024, with revenue growth in specific segments but overall declines in key financial metrics.
The company showcased strengths in product innovation, debt reduction, and revenue growth in certain categories like avocados.
Challenges persist in profitability and overall financial performance, signaling the need for strategic adjustments to drive sustainable growth.
Opportunities lie in further product innovation, market expansion, and leveraging successful product launches to improve financial performance and market position.

Fresh Del Monte (FDP) boosts margins and innovation amidst sales challenges

Fresh Del Monte Produce (FDP) showcased improved margins and adjusted EBITDA in Q2 2024 despite challenges in net sales and production costs. The company's focus on innovation, sustainability, and product expansion positions it well for future growth opportunities. Strategic pricing and cost management will be crucial in navigating market challenges.

Fresh Del Monte Produce reports robust Q3 earnings and sustainability achievements

Fresh Del Monte Produce delivered strong financial results in Q3 2024, driven by the performance of its Fresh and Value-Added Products segment and successful sustainability initiatives. The company's focus on operational improvements at Mann Packing and weather-related event assessments are key areas of attention.
Recognitions like Newsweek's World's Most Trustworthy Companies and Humankind 100 underscore Fresh Del Monte Produce's commitment to excellence and trustworthiness. Opportunities lie in further strengthening segment performance, exploring new ventures like biofertilizers, and expanding sustainability efforts.

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Fresh Del Monte Produce, Inc. engages in production and distribution of fresh fruit and vegetable products. It operates through the following segments: Fresh and Value-added products, Bananas, and Other Products and Services. The Fresh and Value-added products segment includes sales of pineapples, melons, non-tropical fruit (including grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries, and kiwis), other fruit and vegetables, avocados, fresh-cut fruit and vegetables, prepared fruit and vegetables, juices, other beverages, and prepared meals and snacks. The Bananas segment produces bananas. The Other Products and Services segment operates the third-party freight and logistics services business and the Jordanian poultry and meats business. The company was founded in 1886 and is headquartered in Coral Gables, FL.

MIAMI--(BUSINESS WIRE)--Fresh Del Monte Produce Inc., one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, is pleased to announce it has been named a Humankind 100 Company for the second year in a row. The prestigious Humankind 100 list, compiled by Humankind Investments, honors companies that have a significant and positive impact on various critical areas, including access to food and clean water, he.

Fresh Del Monte Named Humankind 100 Company for Second Consecutive Year

Fresh Del Monte's Q2 results show a record cash balance of $43.8 million, with gross profits up 45% to $116.8 million. The recent rise in gross margins was driven by higher banana profitability in the first half of the year, but long-term results show good shareholder returns and increasing trends. Trading at a P/B value of 0.60x and earning average ROE of 7.4% since 2011, this would yield a 12.4% investors' adjusted ROE at the current share price.

Fresh Del Monte Looks Like A Healthy Opportunity At Only 0.6x P/B

MIAMI--(BUSINESS WIRE)--Fresh Del Monte Produce Inc., one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, and Flowspace, the software platform and distribution network powering e-commerce logistics and fulfillment, announced today a partnership to add 30 of Tricont Logistics' temperature-controlled storage facilities to the Flowspace network of more than 100 fulfillment centers. Tricont Trucking and T.

Fresh Del Monte and Flowspace Join Forces to Power Produce Giant's Storage Facilities

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Fresh Del Monte Produce Inc. (NYSE:FDP ) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET Company Participants Claudia Pou - Vice President, Corporate Communications Mohammad Abu-Ghazaleh - Chairman and Chief Executive Officer Monica Vicente - Senior Vice President and Chief Financial Officer Conference Call Participants Mitch Pinheiro - Sturdivant & Co Operator Good day, everyone, and welcome to Fresh Del Monte Produce's Second Quarter 2023 Earnings Conference Call. Today's conference call is being broadcast live over the Internet and is also being recorded for playback purposes.

Fresh Del Monte Produce Inc. (FDP) Q2 2023 Earnings Call Transcript

Fresh Del Monte Produce Inc. FDP, -0.45% reported Wednesday second-quarter profit that increased from a year ago but revenue that fell, as lower avocado prices and a declines in non-tropical fruit volume offset an increase in banana sales. Net income rose to $47.7 million, or 99 cents a share, from $21.2 million, or 44 cents a share, in the year-go period.

Fresh Del Monte sales decline, as lower avocado prices and decline in non-tropical fruit demand weigh

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), ("Fresh Del Monte" or the "Company") today reported financial results for the second quarter ended June 30, 2023. “We are pleased with our performance for the second quarter as net income more than doubled and gross profit and gross margin increased substantially when compared with the prior-year period – all while continuing to reduce our debt,” said Mohammad Abu-Ghazaleh, Fresh Del Monte's Chairman and Chief Execut.

Fresh Del Monte Produce Inc. Reports Strong Operating Results in the Second Quarter 2023; Net Income More Than Doubles, Gross Profit and Margin Increase

MIAMI--(BUSINESS WIRE)--Fresh Del Monte Produce Inc is being recognized for its work in sustainability by two different leading sustainability organizations that honor companies doing good for the planet. The company was recently awarded a 2023 SEAL Business Sustainability Award in the Environmental Initiative category and has been shortlisted for a World Sustainability Award in the New Launch category for the Del Monte Zero™ pineapple. Del Monte received the SEAL Business Sustainability Award.

Fresh Del Monte Recognized for Sustainability Efforts

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), today announced that it will issue a press release on its second quarter 2023 financial results prior to the market opening on Wednesday, August 2, 2023 and will host its quarterly conference call that day at 10:00 a.m. Eastern Time to discuss the Company's financial results. Hosting the call for the Company will be Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer, Monica Vicente, Senior Vice President and.

Fresh Del Monte Produce Inc. to Report Second Quarter 2023 Financial Results

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MIAMI--(BUSINESS WIRE)--Fresh Del Monte, Inc., one of the world's leading vertically integrated producers, distributors, and marketers of high-quality fresh-cut fruits and vegetables, and Vertage Inc., a chef-founded company that produces uncompromising foods made without animals™, including a line of dairy-free cheeses, announced today a strategic partnership to widen the reach of healthy and sustainable food options to consumers. The partnership is part of Fresh Del Monte's ongoing commitment.

Fresh Del Monte and Sustainable Food Maker Vertage Partner to Expand Distribution of Healthy Foods

Fresh Del Monte Produce Inc. (NYSE:FDP ) Q1 2023 Earnings Conference Call May 3, 2023 10:00 AM ET Company Participants Claudia Pou - Vice President, Corporate Communications Mohammad Abu-Ghazaleh - Chairman and Chief Executive Officer Monica Vicente - Senior Vice President and Chief Financial Officer Conference Call Participants Mitchell Pinheiro - Sturdivant & Co. Jonathan Feeney - Consumer Edge Operator Good day, everyone, and welcome to Fresh Del Monte Produce's First Quarter 2023 Earnings Conference Call. Today's conference call is being broadcast live over the Internet and is also being recorded for playback purposes.

Fresh Del Monte Produce Inc. (FDP) Q1 2023 Earnings Call Transcript

FFresh Del Monte Produce Inc. FDP reported Wednesday first-quarter profit and sales that were below Wall Street estimates, as lower avocado prices and weakness in its fresh and value-added products business offset strength in banana sales. The banana and fresh products company's stock was still inactive in the premarket.

Fresh Del Monte misses profit and sales expectations, but boosts dividend by 33%

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), ("Fresh Del Monte" or the "Company") today reported financial results for the first quarter ended March 31, 2023. Financial highlights for the first quarter 2023: Fresh Del Monte Produce Inc. and Subsidiaries (U.S. dollars in millions, except per share data) - (Unaudited)   Quarter Ended   March 31, 2023   April 1, 2022 Net sales $1,128.5   $1,136.9 Gross profit $97.0   $89.8 FDP net income(1) $39.0   $25.8 Diluted E.

Fresh Del Monte Produce Inc. Reports First Quarter 2023 Financial Results

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), today announced that it will issue a press release on its first quarter 2023 financial results prior to the market opening on Wednesday, May 3, 2023 and will host its quarterly conference call that day at 10:00 a.m. Eastern Time to discuss the Company's financial results. Hosting the call for the Company will be Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer, Monica Vicente, Senior Vice President and Chi.

Fresh Del Monte Produce Inc. to Report First Quarter 2023 Financial Results

MIAMI--(BUSINESS WIRE)--Fresh Del Monte Produce Inc., one of the world's leading vertically integrated producers, distributors, and marketers of fresh and fresh-cut fruits and vegetables, has been named one of America's Most Trusted Companies of 2023 by Newsweek for the second consecutive year. This prestigious award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider.

Fresh Del Monte Named One of America's Most Trusted Companies by Newsweek for the Second Consecutive Year

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Fresh Del Monte Produce Inc. (NYSE:FDP ) Q4 2022 Earnings Conference Call February 22, 2023 10:00 AM ET Company Participants Claudia Pou - VP, Corporate Communications Mohammad Abu-Ghazaleh - Chairman and CEO Monica Vicente - SVP and CFO Conference Call Participants Mitch Pinheiro - Sturdivant Operator Good day everyone and welcome to Fresh Del Monte Produce's Fourth Quarter and Full Fiscal Year 2022 Conference Call. Today's conference call is being broadcast live over the Internet and is also being recorded for playback purposes.

Fresh Del Monte Produce Inc. (FDP) Q4 2022 Earnings Call Transcript

Fresh Del Monte Produce Inc. FDP, -0.73% said Wednesday it had net income of $18.3 million, or 38 cents a share, for the fourth quarter, after a loss of $11.2 million, or 24 cents a share, in the year-earlier period. Adjusted per-share earnings came to 45 cents, well ahead of the FactSet consensus for a loss of 4 cents.

Fresh Del Monte posts surprise Q4 profit as sales top estimates

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), ("Fresh Del Monte" or the "Company") today reported financial results for the fourth quarter and the full fiscal year ended December 30, 2022. Financial highlights for the fourth quarter and full fiscal year 2022:   Fresh Del Monte Produce Inc. and Subsidiaries   (U.S.

Fresh Del Monte Produce Inc. Reports Fourth Quarter and Full Fiscal Year 2022 Financial Results

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), today announced that it will issue a press release on its fourth quarter and full fiscal year 2022 financial results prior to the market opening on Wednesday, February 22, 2023 and will host its quarterly conference call that day at 10:00 a.m. Eastern Time to discuss the Company's financial results.

Fresh Del Monte Produce Inc. to Report Fourth Quarter and Full Fiscal Year 2022 Financial Results

Positive change in the product mix, optimization of logistics costs, and the final stage of integration of previous acquisitions continue to support the profitability of the business. The company continues to effectively pass on the increased inflation rates to the end consumer.

Fresh Del Monte Produce: Still Strong Trends And Upside Potential

MIAMI--( BUSINESS WIRE )--Fresh Del Monte Produce Inc., one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, and Moze Holding Limited, a Talc Investment company, are pleased to announce the signing of a Somalia-based, multi-year banana partnership located in the heart of the previously famed banana belt area. This partnership will not only significantly reduce banana transport times, giving consumers in the Middle East and North Africa (MENA) access to fresher, lower-cost fruit, but will also aid in Somalia's economic resurgence.

Fresh Del Monte and Talc Investment Announce Banana Partnership in Somalia

MIAMI--( BUSINESS WIRE )--Fresh Del Monte Produce Inc., one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruit and vegetables, has announced today the upcoming launch of the Del Monte Zero™ pineapple, its first carbon neutral certified pineapple, which factors in the entire supply chain from farm to table in its North American and select European markets. Using a limited percentage of the company's total pineapple volumes, the Del Monte Zero pineapple is a new product line extension from the Del Monte Gold®, HoneyGlow®, and Del Monte “The Original” pineapple varieties, grown in Costa Rica and certified as sustainably grown by third-party certification body SCS Global Services. SCS Global Services is a global leader in third-party environmental and sustainability veriﬁcation, certiﬁcation, auditing, testing, and standards development. After a comprehensive assessment of Fresh Del Monte's Costa Rica pineapple production through shipment and sale to the North American and European markets, SCS Global Services determined that the Del Monte Zero pineapples' greenhouse gas emissions have been negated by the reabsorption of Fresh Del Monte-owned forests, making those pineapples' carbon footprint net zero.1

Fresh Del Monte to Offer Del Monte Zero™, Certified Sustainably Grown, Carbon Neutral Certified Pineapples from Costa Rican Farms to North American and European Markets

Fresh Del Monte Produce continues to generate generally attractive sales and earnings growth. Although 2022 as a whole is a rather mixed year so far, the third quarter reported by the company was particularly robust.

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