Welcome to our dedicated page for Fresh Del Monte Produce news (Ticker: FDP), a resource for investors and traders seeking the latest updates and insights on Fresh Del Monte Produce stock.
Fresh Del Monte Produce Inc (NYSE: FDP) maintains its position as a vertically integrated leader in fresh and prepared foods through strategic operational updates and market-responsive initiatives. This dedicated news hub provides investors and industry observers with direct access to official announcements, including earnings disclosures, supply chain developments, and product innovation milestones.
Users will find curated updates spanning three key areas: financial performance through quarterly results and SEC filings, operational advancements in global distribution and vertical integration, and market leadership initiatives including sustainable agriculture practices and fresh-cut product innovations. The repository serves as a primary source for understanding the company's strategic direction within the $1.3 trillion global fresh produce market.
Bookmark this page for real-time access to Fresh Del Monte Produce's verified corporate communications, including merger disclosures, leadership updates, and quality assurance enhancements across its North American, European, and Asian operations.
Fresh Del Monte Produce (NYSE: FDP) has scheduled its first quarter 2025 financial results announcement for Wednesday, April 30, 2025. The company will release its earnings report before market opening, followed by a quarterly conference call at 11:00 a.m. Eastern Time.
The conference call will be led by Chairman and CEO Mohammad Abu-Ghazaleh, Senior VP and CFO Monica Vicente, and VP Investor Relations Christine Cannella. Institutional investors and analysts can join via phone using the toll-free number 1-888-330-2454 (domestic) or 1-240-789-2714 (international) with passcode 1313437.
A live audio webcast will be available in the Events & Presentations section of Fresh Del Monte's Investor Relations website, with an archived replay accessible after the event.
Fresh Del Monte Produce (NYSE: FDP) has acquired a majority stake in Avolio, Uganda's leading supplier of bulk crude and edible avocado oil. This strategic acquisition aligns with Fresh Del Monte's expansion into high-value specialty ingredients and biomass division.
The deal enables Fresh Del Monte to convert unsellable avocados into premium avocado oil, reducing food waste while supporting sustainability initiatives. Avolio's extraction technology will be scaled to process 140 metric tons of avocados daily.
The avocado oil industry, currently valued at $1.2 billion with a CAGR of 8-10%, presents significant growth opportunities. Fresh Del Monte plans to expand operations through increased production capacity and new facilities to meet rising global demand.
Fresh Del Monte Produce (NYSE: FDP) has announced its return as a gold sponsor for the 2025 Miami Open tennis tournament, marking its second consecutive year as the event's exclusive produce provider. The tournament will run from March 16 to March 30 at Hard Rock Stadium in Miami Gardens, Florida.
The company is introducing its 'Fresh Del Monte Courtside Smoothies' concession stand at the Sunset Terrace, featuring three new smoothie varieties: Pinkglow® Sunset Serve, Watermelon Courtside Cooler, and Match Point Smoothie. The offering includes fresh-cut fruit and, for the first time, guacamole carts for in-suite guests.
The 40th anniversary tournament, which attracts nearly 395,000 attendees over 10 days, will feature Fresh Del Monte-sponsored trivia games on stadium video boards with exclusive prizes. The partnership aims to enhance fan experience while showcasing the company's commitment to freshness, quality, and innovation.
HealthStream (Nasdaq: HSTM) has appointed Charles E. Beard, Jr. to its Board of Directors, where he will serve on the Audit Committee. Beard brings over 30 years of executive experience, most recently serving as Chief Operating Officer at Guidehouse until December 2024, where he helped achieve five-fold growth reaching $3 billion in annual revenue with 17,000 employees.
Prior to Guidehouse, Beard was a Partner at PwC and served as Chief Information Officer at SAIC (now Leidos). His board experience includes positions at Inova Health System ($5.7 billion health system), Fresh Del Monte Produce (NYSE: FDP), and Guidehouse. Beard holds a Master of Jurisprudence from Seton Hall School of Law, an MBA from the University of Montana, and served in the U.S. Air Force as a Space and Missile Operations Officer.
Fresh Del Monte Produce (NYSE: FDP), through its vegetable division Mann Packing, has signed a licensing agreement with The Nunes Company to expand the distribution of Broccolini® baby broccoli. This strategic partnership will make the premium vegetable brand more widely available while maintaining its quality standards.
Broccolini®, exclusively trademarked by Mann Packing in 1998, is known for its tender stalks, delicate florets, and mild, sweet taste. The Nunes Company, founded in 1976 and known for its Foxy® brand, will market and sell Broccolini® under the Foxy® label in the coming months. This collaboration follows their previous partnership in 2024 with Fresh Leaf Farms.
Fresh Del Monte (NYSE: FDP) has appointed Deema Anani as Chief Commercial Officer for Specialty Ingredients, based in Dubai. Anani will report to Chairman and CEO Mohammad Abu-Ghazaleh and focus on driving commercial growth within Specialty Ingredients and Innovation.
She joins Dr. Nizar Haddad (innovation lead) and Dr. Imad Farhat (specialty ingredients lead) to spearhead Fresh Del Monte's Biomass initiative, launched in 2024. This initiative aims to transform residues and byproducts into high-value solutions for soil health, wellness, and circular economy applications.
Anani brings over 20 years of experience in revenue optimization and commercial development, previously serving as CCO at Queen Alia International Airport's Airport International Group. She holds a bachelor's degree from the American University of Beirut and an MBA from the University of Edinburgh.
Fresh Del Monte Produce (NYSE: FDP) reported its Q4 and full fiscal year 2024 results, highlighting strong performance in fresh and value-added products segment. Q4 net sales reached $1,013.2 million, up from $1,008.6 million year-over-year, with net income of $20.4 million compared to a loss of $106.4 million in the prior year.
For full fiscal year 2024, the company achieved net sales of $4,280.2 million and net income of $142.2 million. Notable achievements include a 39% reduction in long-term debt to $244.1 million and increased gross margins in fresh and value-added products to 9.3% from 6.8%. The company's performance was driven by strong results in pineapples, avocados, and fresh-cut fruit segments.
The Board declared an increased quarterly dividend of $0.30 per share, marking the third consecutive year of dividend growth. Operating cash flow improved to $182.5 million from $177.9 million in the previous year.
Fresh Del Monte Produce (NYSE: FDP) has announced a significant capital allocation strategy update, featuring a $150 million share repurchase program with no time deadline and a 20% increase in quarterly dividend from $0.25 to $0.30 per share. The next dividend payment is scheduled for March 28, 2025, for shareholders of record as of March 10, 2025.
The share repurchase program will be executed through open market transactions in compliance with Rule 10b-18, privately negotiated transactions, or other legally compliant methods. The company will fund these repurchases through cash on hand, operational cash flow, and its revolving credit facility. All repurchased shares will be retired.
Chairman and CEO Mohammad Abu-Ghazaleh emphasized that this initiative is part of a broader strategy focusing on strategic growth investments, maintaining a strong balance sheet, and returning capital to shareholders.
Fresh Del Monte Produce (NYSE: FDP) has been awarded the 2025 SEAL Business Sustainability Award in the Environmental Initiative category, marking its fourth recognition in five years. The company achieved its greenhouse gas reduction targets of 27.5% for Scope 1 and Scope 2 emissions seven years ahead of its 2030 goal.
As the first global fruit and vegetable marketer to commit to the Science Based Targets initiative (SBTi), Fresh Del Monte implemented several key strategies to exceed its emissions goals, including:
- Replacing its North American ocean fleet with six new hydrodynamic vessels
- Introducing Del Monte Zero® Pineapple, a carbon-neutral product
- Employing advanced technology to monitor plant nutrients and reduce emissions
The company has now set a new goal of 30% reduction by 2030 compared to its 2019 baseline, while continuing initiatives in regenerative agriculture, waste revalorization, and digital farm management.
Fresh Del Monte Produce (NYSE: FDP) announced that its management team will participate in the Citi 2025 Global Consumer & Retail Conference in Aventura, Florida on March 10, 2025. The company will be available for meetings with institutional investors during the conference. Investors unable to attend can arrange calls with management by contacting the company's Vice President of Investor Relations.
