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.

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.

Fresh Del Monte Produce: A Little More Upside Is Warranted From Here

Fresh Del Monte Produce Inc. (NYSE:FDP ) Q3 2022 Results Conference Call November 2, 2022 10:00 AM ET Company Participants Ana Miranda - Vice President, Global FP&A and Investor Relations Mohammad Abu-Ghazaleh - Chairman and Chief Executive Officer Monica Vicente - Senior Vice President and Chief Financial Officer Conference Call Participants Mitch Pinheiro - Sturdivant and Company Operator Good day, everyone. And welcome to Fresh Del Monte Produce Third Quarter 2022 Earnings Conference Call.

Fresh Del Monte Produce Inc. (FDP) Q3 2022 Earnings Call Transcript

Fresh Del Monte Produce Inc. FDP, -0.31% reported Wednesday third-quarter profit and sales that rose above expectations, as "inflation-justified" price increases of fresh-cut fruits helped offset lower sales of avocados and fresh-cut vegetables. Net income jumped to $33.3 million, or 69 cents a share, from $1.3 million, or 3 cents a share, in the year-ago period.

Fresh Del Monte beats earnings expectations as 'inflation-justified' price increases provide a boost

Fresh Del Monte Produce Inc. Reports Strong Third Quarter 2022 Results Despite Continued Macroeconomic Headwinds

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, released today its 2021 Sustainability Report, reporting for the first time in alignment with the Sustainable Accounting Standards Board (SASB) within Agricultural Products for the food and beverage industry and reports in reference to the Global Reporting Initiative (GRI), including mapping to the

Fresh Del Monte Highlights Advancements Toward Reaching 2030 Sustainability Goals

Fresh Del Monte Produce Inc. to Report Third Quarter 2022 Financial Results

MIAMI--(BUSINESS WIRE)--Network Shipping Ltd. (NWS), the ocean logistics arm of Fresh Del Monte, in partnership with Grydd Inc., is streamlining and ensuring nearly 100% compliance in its shipping operation by digitizing and automating with Grydd's technology. The move comes as part of NWS's continued effort to enhance agile processes with new technologies to better serve customers, continuing to drive growth in third-party services for Fresh Del Monte. Grydd, a logistics and supply chain techn

Fresh Del Monte's Network Shipping Ltd. Continues to Enhance Agile & Automated Processes in Collaboration with Grydd Technology

Fresh Del Monte Produce has fared really well compared to the broader market in recent months. This comes as a result of attractive sales growth, but weak bottom line results.

Fresh Del Monte Produce Still Has Some Flavor In It

Fresh Del Monte Produce, Inc. (NYSE:FDP ) Q2 2022 Earnings Conference Call August 3, 2022 10:00 AM ET Company Participants Ana Miranda - Vice President, Global FP&A and Investor Relations Mohammad Abu-Ghazaleh - Chairman and Chief Executive Officer Monica Vicente - Senior Vice President and Chief Financial Officer Conference Call Participants Jonathan Feeney - Consumer Edge Mitch Pinheiro - Sturdivant Operator Good day, everyone, and welcome to Fresh Del Monte Produce's Second Quarter 2022 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) CEO Mohammad Abu-Ghazaleh on Q2 2022 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 second quarter ended July 1, 2022. Financial highlights for the second quarter 2022: Fresh Del Monte Produce Inc. and Subsidiaries (U.S. dollars in millions, except per share data) - (Unaudited)   Quarter Ended   July 1, 2022   July 2, 2021 Net sales $1,211.9   $1,141.6 Gross profit $80.7   $110.0 FDP net income(1) $21.2   $47.2 Diluted EPS

Fresh Del Monte Produce Inc. Reports Strong Second Quarter 2022 Net Sales Amidst Unprecedented Cost Pressures

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 2022 financial results prior to the market opening on Wednesday, August 3, 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, Monica Vicente, Senior Vice President and

Fresh Del Monte Produce Inc. to Report Second Quarter 2022 Financial Results

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Fresh Del Monte stock price has declined precipitously since its peak in November 2016, yet shareholder equity has increased. The company's current stock price is trading at a 40% discount to book value and only .25X sales.

Harvesting Value With Fresh Del Monte Produce

MIAMI--(BUSINESS WIRE)--Network Shipping (NWS), Fresh Del Monte's ocean logistics arm, continues to drive growth for Fresh Del Monte's third-party services by further enhancing its platform through a rebrand that optimizes cargo space on Fresh Del Monte's 13 owned vessels – offering tailored shipping solutions to a broader audience amid continuous supply chain pressures. The company's recent rebrand improves its service functions with digital technology that better supports human interactions,

Fresh Del Monte's Network Shipping Ltd. Offers Reliable Cargo Solutions to Wider Audience Amid Ongoing Supply Chain Issues

Fresh Del Monte Produce Inc. (NYSE:FDP ) Q1 2022 Earnings Conference Call May 4, 2022 10:00 AM ET Company Participants Mohammad Abu-Ghazaleh – Chairman and Chief Executive Officer Monica Vicente – Senior Vice President and Chief Financial Officer Ana Miranda – Vice President, Investor Relations Conference Call Participants Mitchell Pinheiro – Sturdivant & Company Jonathan Feeney – Consumer Edge Operator Good day, everyone and welcome to Fresh Del Monte Produce's, First Quarter 2022 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) CEO Mohammad Abu-Ghazaleh on Q1 2022 Results - Earnings Call Transcript

Fresh Del Monte Produce Inc. FDP, -0.24% reported Wednesday first-quarter profit that fell, but beat expectations, while revenue rose primarily due to "favorable pricing." The fresh fruit seller's stock was still inactive in premarket trading.

Fresh Del Monte beats profit expectations, as 'inflation-justified' price increases boosted sales

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 April 1, 2022. Financial highlights for the first quarter 2022: Fresh Del Monte Produce Inc. and Subsidiaries (U.S. dollars in millions, except per share data) - (Unaudited) Quarter Ended   April 1, 2022   April 2, 2021 Net sales $1,136.9   $1,088.3 Gross profit $89.8   $105.0 FDP net income(1) $25.8   $42.7 Diluted EPS(

Fresh Del Monte Produce Inc. Reports First Quarter 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 first quarter 2022 financial results prior to the market opening on Wednesday, May 4, 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; Monica Vicente, Senior Vice President and Chi

Fresh Del Monte Produce Inc. to Report First Quarter 2022 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 2022 by Newsweek. “Trust and care are at the core of our corporate culture at Fresh Del Monte. For 135 years, we've worked hard to become a business that provides fresh and healthy products to families, while doing good by our communities and protecting

Fresh Del Monte Recognized as One of America's Most Trusted Companies of 2022 by Newsweek

Fresh Del Monte Produce has been on a wild ride in recent months, with the market pushing shares down compared to the broader market.

Fresh Del Monte Produce: Looking More Appetizing

Fresh Del Monte Produce Inc. (FDP) CEO Mohammad Abu Ghazaleh on Q4 2021 Results - Earnings Call Transcript

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.

News for Fresh Del Monte Produce Stock (FDP)