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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Fresh Del Monte Produce Inc. FDP, -2.26% posted a wider-than-expected loss for the fourth quarter and sales that fell slightly short of estimates Wednesday. The Coral Gables, Fla-based distributor of fresh fruit and vegetables posted a net loss of $11.2 million, or 24 cents a share, for the quarter, after income of $900,000, or 2 cents a share, in the year-earlier period.

Fresh Del Monte posts wider-than-expected Q4 loss and sales fall slightly short of 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 31, 2021. Financial highlights for the fourth quarter and full fiscal year 2021: Net sales for the fourth quarter of 2021 increased 2% to $1,017.3 million compared with $1,002.3 million in the prior-year period; net sales for the full fiscal year 2021 increased 1% to $4,252.0 million co

Fresh Del Monte Produce Inc. Reports Fourth Quarter and Full Fiscal Year 2021 Financial Results

Fresh Del Monte Produce Inc. FDP, -0.31% announced in a Tuesday filing that Chief Financial Officer Eduardo Bezerra, effective March 31. The company says there was no dispute, and Bezerra has resigned to pursue other interests.

Fresh Del Monte CFO resigns

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 2021 results prior to the market opening on Wednesday, February 23, 2022 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; Eduardo Bezerra, Senior Vic

Fresh Del Monte Produce Inc. to Report Fourth Quarter and Full Fiscal Year 2021 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, announced today its participation in this year's GreenBiz conference, an annual event for sustainable business leaders to explore new opportunities, concerns and concepts in the evolving sustainability profession. Fresh Del Monte's Chief Sustainability Officer and SVP of Research & Development, Hans Sauter

Fresh Del Monte Further Emphasizes Need for Biodiversity Conservation in Agricultural Industry, Speaking at GreenBiz 22' Conference

Earnings at Fresh Del Monte have been under pressure in recent quarters due to cost pressure, leaving the company trading near 52-week lows and only 0.64x book value. The company's current 2.44% dividend yield needs to be taken into perspective with the 2.0% average share repurchase rate over the past decade for a total shareholder yield of 4.44%.

Fresh Del Monte Looks Ripe For The Picking At 0.64x Book Value

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, announced today that its emissions reduction targets were approved by the Science Based Targets initiative (SBTi) as consistent with the levels required to meet the goals of the Paris Agreement. The 27.5% reduction target covers greenhouse gas emissions from the company's operations (scopes 1 and 2) and is con

Fresh Del Monte Commits to Reducing Scope 1, 2 and 3 Greenhouse Gas Emissions by 2030 Ahead of COP26

On Wednesday, Fresh Del Monte Produce Inc. (NYSE:FDP) shares fell more than 10% after announcing its most recent quarterly results. The company reported its FQ3 revenue and earnings before markets opened, missing the consensus for analyst expectations.

Fresh Del Monte price prediction as shares plunge after FQ3 miss

Fresh Del Monte Produce Inc. (FDP) CEO Mohammad Abu-Ghazaleh on Q3 2021 Results - Earnings Call Transcript

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), ("Fresh Del Monte" or the "Company") today reported financial results for the third quarter ended October 1, 2021. Financial highlights for the third quarter and first nine months of 2021: Net sales for the third quarter of 2021 increased to $1,004.8 million compared with $989.7 million in the prior-year period; Net sales for the first nine months of 2021 increased to $3,234.6 million compared with $3,200.0 million i

Fresh Del Monte Produce Inc. Reports Third Quarter 2021 Financial Results

Fresh Del Monte Produce Inc. FDP, -0.44% said Wednesday it had net income of $1.3 million, or 3 cents a share, in the third quarter, down from $17.4 million, or 37 cents a share, in the year-earlier period. Sales rose to $1.005 billion from $989.7 million a year ago.

Fresh Del Monte shares slide 3.6% premarket after profit miss amid higher costs and labor shortages

MIAMI--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), one of the world's largest leading vertically integrated producers, marketers, and distributors of high-quality, fresh produce, announced to customers it is raising prices on bananas (including organics and plantains), pineapples and fresh-cut fruit effective November 1, 2021. The move comes in response to unprecedented market conditions and inflationary pressures being felt across all industries, affecting Fresh Del Monte partic

Fresh Del Monte Announces Price Increases in Response to Inflationary Market

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), today announced that it will issue a press release on its third quarter of 2021 results prior to the market opening on Wednesday, November 3, 2021 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; Eduardo Bezerra, Senior Vice President and Chie

Fresh Del Monte Produce to Report Third Quarter 2021 Financial Results

Fresh Del Monte Produce Inc. (NYSE:FDP) is one of the world's leading vertically integrated producers, marketers, and distributors of fruit and vegetables, as well as a producer and distributor of prepared food in Europe, Africa, and the Middle East.

Analysts Back Food Producer Despite Lackluster Finances

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, announced today its participation at this year's World Biodiversity Summit, occurring alongside the United Nations Climate Change Conference (COP26) and the Convention on Biological Diversity (COP15). Fresh Del Monte's Chief Sustainability Officer Hans Sauter will join industry leaders in a panel discussion on

Fresh Del Monte Further Commits to Sustainable Agriculture Practices, Speaking at World Biodiversity Summit

MIAMI--(BUSINESS WIRE)--Fresh Del Monte Produce Inc., one of the world's largest leading vertically integrated producers, marketers, and distributors of high-quality, fresh produce, released today its 2020 Sustainability Report which further solidifies the company's leadership position in defining what sustainable production means at scale for large producers. The company is taking a bold step in expanding its sustainability efforts beyond just its operations as a way to do its part in reducing

Fresh Del Monte Produce Takes Bold Step Toward 2030 Sustainability Goals

Fresh Del Monte Produce's (FDP) CEO Mohammad Abu-Ghazaleh on Q2 2021 Results - Earnings Call Transcript

Fresh Del Monte Produce Inc (NYSE: FDP) reported second-quarter FY21 net sales growth of 4.5% year-on-year, to $1.14 billion, versus the analyst consensus of $1.15 billion. The sales growth was driven by higher net sales of pineapples, fresh-cut fruits, and fresh-cut vegetables.

Fresh Del Monte Produce Q2 Earnings Tops Estimates, Hikes Dividend

Shares of Fresh Del Monte Produce (NYSE:FDP) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share were up 81.48% over the past year to $0.98, which beat the estimate of $0.83.

Recap: Fresh Del Monte Produce Q2 Earnings

Fresh Del Monte Products Inc. reported second-quarter profit that more than doubled, boosted by relaxed restrictions on social gatherings, and revenue that rose 5% as strength in fresh and value-added products helped offset a decline in bananas. The stock was still inactive in premarket trading.

Fresh Del Monte profit more than doubles and top expectations as sales edge higher

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. Reports Second Quarter 2021 Financial Results

Fresh Del Monte Produce Inc. Reports Second Quarter 2021 Financial Results

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. to Report Second Quarter 2021 Financial Results

Fresh Del Monte Produce to Report Second Quarter 2021 Financial Results

CORAL GABLES, Fla.--(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, is pleased to announce its partnership with I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities, digital infrastructure, transport, and social infrastructure in the Americas, Europe and Asia. By creating this partnership and investing

Fresh Del Monte Partners with I Squared Capital as Part of Acceleration into New Digital Era, Driving Efficiency and Company Expansion

Fresh Del Monte Produce, Inc. (FDP) CEO Mohammad Abu-Ghazaleh on Q1 2021 Results - Earnings Call Transcript

Fresh Del Monte's share price is spiking after excellent Q1 results, despite a lower revenue. Both the income statement and the cash flow statement indicate the situation is improving fast.

News for Fresh Del Monte Produce Stock (FDP)