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.

Fresh Del Monte Produce Inc. offers a high dividend yield of 4.7%, while trading near a 50% discount to my net-asset liquidation value estimate. Total enterprise value including debt is now trading at less than its cost-accounting measured tangible book value, which is incredibly rare for a profitable business. Fresh Del Monte's stock quote is primed to rise substantially over the next 12-18 months, conservatively offering total return potential of +100% for buyers today.

Fresh Del Monte: Deep Value Winner, With Sustainable 5% Cash Yield

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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 Vellsam Materias Bioactivas, a leading producer of biotechnological solutions, today announced a partnership that will look into how to maximize the use of Fresh Del Monte's pineapple residues by way of biofertilizers. The Fresh Del Monte-led partnership, operating under the name De l'Ora Bio,.

Fresh Del Monte Announces Partnership to Produce Biofertilizers from Fruit Residues, Launching Innovative Plant in Kenya

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP) today announced that management will participate in 19th Annual BMO Global Farm to Market Conference in New York, NY on May 15-16, 2024. Monica Vicente, Senior Vice President and Chief Financial Officer, and Bianca Hernandez, Senior Manager of Investor Relations, will hold meetings with institutional investors on Wednesday, May 15 and Thursday, May 16, 2024. To schedule a meeting with management, please contact your B.

Fresh Del Monte Produce Inc. Announces Participation in 19th Annual BMO Global Farm to Market Conference

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 29, 2024. “We are pleased with the ongoing momentum in our higher-margin fresh and value-added segment. During the first quarter of 2024, this prioritized area of our business delivered 5% revenue growth driven by our strategic initiatives around distribution, pricing, and premiumization. While service level issues.

Fresh Del Monte Produce Inc. Reports First Quarter Earnings for Fiscal 2024

MIAMI--(BUSINESS WIRE)--Fresh Del Monte Produce Inc., (NYSE: FDP) one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, and University of Granada (UGR), a prestigious Spanish university established in 1531 and a global hub for cutting-edge research, today announced an extended partnership that will look into how bioactive compounds from residues of different fruits can be used for medical and non-medica.

Fresh Del Monte and University of Granada Announce Expanded Partnership to Research the Effectiveness of Bioactive Compounds of Fruit Residues in Medical and Non-Medical Uses

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), (the “Company”) today announced that it will issue a press release on its first quarter financial results after market closing on Thursday, May 2, 2024 and will host its quarterly conference call that day at 4:45 p.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 C.

Fresh Del Monte Produce Inc. to Report First Quarter 2024 Financial Results

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MIAMI--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), 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 2024 by Newsweek for the third consecutive year. The company ranked No. 8 in the Food & Beverage category for consumer, investor, and employee trust, up from Nos. 13 and 14 in 2022 and 2023, respectively. Presented by Newsweek and Statis.

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

Fresh Del Monte Produce Inc. (FDP) Q4 2023 Earnings Call Transcript

Shares of Fresh Del Monte Produce Inc. FDP, -0.21% were indicated down nearly 4% toward a three-month low in premarket trading Monday, after the fresh fruit and vegetable producer missed fourth-quarter earnings expectations, as lower banana sales offset by higher prices of most products, such as avocados and pineapples. The company swung to a net loss of $106.4 million, or $2.22 a share, from net income of $18.3 million, or 38 cents a share, in the year-ago period.

Fresh Del Monte stock set to drop toward a 3-month low as lower banana sales lead to earnings miss

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 29, 2023. "We are pleased with many aspects of our full year 2023 results including our strong gross margins and cash flow which enabled us to have strong full year adjusted earnings per share growth, reduce our long-term debt by $140 million to end the year with an adjusted leverage ra.

Fresh Del Monte Produce Inc. Reports Fourth Quarter and Full Fiscal Year 2023 Financial Results

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), (the “Company”) today announced that it will issue a press release on its fourth quarter and full fiscal year 2023 financial results prior to the market opening on Monday, February 26, 2024 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, Moni.

Fresh Del Monte Produce Inc. to Report Fourth Quarter and Full Fiscal Year 2023 Financial Results

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MIAMI--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, today announced the launch of its latest pineapple innovation, the Rubyglow® pineapple – a red-shelled pineapple. This pineapple has a red outer skin, bright yellow flesh, and a new, sweet flavor similar to Del Monte pineapples. The Rubyglow® pineapple is first being launched in China,.

Fresh Del Monte Unveils Red-Shelled Pineapple, the Rubyglow® Pineapple

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP) today announced that management will participate in the 2024 ICR Conference, to be held at the JW Marriott Orlando Lakes in Orlando, FL from January 8-10, 2024. Monica Vicente, Senior Vice President and Chief Financial Officer, and Bianca Hernandez, Senior Manager of Investor Relations, will hold meetings with institutional investors on Monday, January 8 and Tuesday, January 9, 2024. To schedule a meeting with managem.

Fresh Del Monte Produce Inc. Announces Participation in the 2024 ICR Conference

Fresh Del Monte Produce's revenue has grown at a CAGR of 2%, which is expected to continue, owing to the highly competitive, commoditized nature of the fresh produce industry. Although its margins have experienced volatility during the last decade, we suspect the company can normalize at an elevated level. Long-term success appears achievable, owing to its scale and strong brand. This should support a continuation of its 2-3% growth rate with population and economic growth.

Fresh Del Monte Produce: Moderately Attractive And Trading Cheap

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CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP) today announced the appointment of Ajai Puri, a seasoned expert with decades of experience in the food and beverage industry, to its board of directors, effective February 19, 2024. “Dr. Puri has an extensive background in the food and beverage industry and years of global R&D, innovation, supply chain development, and consumer marketing experience,” said Mohammad Abu-Ghazaleh, Fresh Del Monte Chairman and Chief E.

Fresh Del Monte Produce Inc. Names New Independent Board Member

MIAMI--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, is proud to announce a strategic partnership with Arena Packaging, a leading packaging, design, and pooling company in North America, to introduce Reusable Plastic Containers (RPCs) for bananas. The groundbreaking invention aims to transform industry standards for the leading fruit in.

Fresh Del Monte Pioneers Industry Shift with Launch of First-of-its-kind Reusable Plastic Banana Containers in Collaboration with Arena Packaging

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Fresh Del Monte Produce is trading at its cheapest business valuation in decades, presenting a unique investment opportunity. A forward dividend yield of nearly 4% and P/E under 10x are very attractive. I estimate the company's liquidation value is above $40 per share, almost double the current quote, making it a potential target for activists and private equity.

Fresh Del Monte: Cheapest Valuation In 20 Years = Ben Graham Strong Buy

CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), (“Fresh Del Monte” or the “Company”) announced today that its Board of Directors has approved a share repurchase plan pursuant to which Fresh Del Monte may repurchase up to 500,000 of its Ordinary Shares. Shares may be repurchased through open market purchases, unsolicited or solicited privately negotiated transactions, or in such other manner as will comply with the terms of applicable federal and state securities l.

Fresh Del Monte Produce Inc. Announces Adoption of Share Repurchase Plan

Fresh Del Monte Produce, Inc. (NYSE:FDP ) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Claudia Pou - Vice President of Corporate Communications Mohammad Abu-Ghazaleh - Chairman and CEO Monica Vicente - Senior Vice President and CFO Conference Call Participants Mitchell Pinheiro - Sturdivant Operator Good day, everyone and welcome to Fresh Del Monte Produce Third 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's (FDP) Q3 2023 Earnings Call Transcript

Fresh Del Monte Produce Inc.'s stock FDP tumbled premarket Wednesday, after the distributor of fresh fruit and vegetables posted earnings that fell short of estimates. The company posted net income of $8.4 million, or 17 cents a share, down from $33.3 million, or 69 cents a share, in the year-earlier period.

News for Fresh Del Monte Produce Stock (FDP)