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 Inc. (NYSE: FDP) has been named a Humankind 100 company for the third consecutive year, ranking #53 on the 2024 list. The company was recognized for its significant impact in Crop Production ($62.7 billion), Economic Value ($1.4 billion), and Medical Services ($538 million).
The Humankind 100 honors U.S. public companies that create substantial value for investors, consumers, employees, and society. Fresh Del Monte's Chairman and CEO, Mohammad Abu-Ghazaleh, emphasized the company's commitment to generating sustainable, long-term value and fostering positive change for humanity and the planet.
Fresh Del Monte's achievements in food production, economic contributions, and medical services contributed to its recognition. The company was also recently named one of the World's Most Trusted Companies by Newsweek and received a SEAL Business Award for promoting sustainability in emerging economies.
Fresh Del Monte Produce Inc. (NYSE: FDP) has been ranked eighth in Newsweek's 2024 list of the World's Most Trustworthy Companies in the Food & Beverage category. This recognition, presented in collaboration with Statista, is based on an independent survey of over 70,000 participants across 23 industries in 20 countries. Participants rated companies on Investor Trust, Customer Trust, and Employee Trust.
Chairman and CEO Mohammad Abu-Ghazaleh expressed pride in this achievement, attributing it to the company's pursuit of excellence, transparency, and trust. Fresh Del Monte, a leading producer and distributor of fresh and fresh-cut fruits and vegetables, emphasizes the importance of trust in fostering customer loyalty, strengthening brand reputation, boosting employee morale, and building investor confidence.
Fresh Del Monte Produce Inc. (NYSE: FDP) has appointed Danny Dumas as Senior Vice President of Sales, Marketing & Product Management for North America. With over 35 years of industry experience, Dumas will oversee key operations in one of the company's largest markets. His role includes managing sales, marketing, product management, technical services, and quality assurance for port operations.
Dumas's appointment aligns with Fresh Del Monte's focus on sustainable growth, innovation, and operational excellence. His extensive career includes senior leadership roles at Calavo Growers and previous experience at Fresh Del Monte. CEO Mohammad Abu-Ghazaleh emphasized Dumas's expertise in produce sales, global logistics, and product management as important for expanding value-added product offerings and maintaining high standards of quality and customer service.
Fresh Del Monte Produce Inc. (NYSE: FDP) has appointed Dr. Imad Farhat as Senior Vice President, Specialty Ingredients. Dr. Farhat will lead the company's efforts to develop innovative, nature-derived ingredients that align with Fresh Del Monte's mission of providing healthful products to consumers worldwide. His focus will be on:
1. Harnessing nature's power for long-term strategy in the ingredients industry
2. Developing products rooted in circular economy principles
3. Creating wholesome options that resonate with health-conscious consumers
4. Utilizing residuals from Fresh Del Monte's operations to achieve sustainable practices
Dr. Farhat brings nearly 20 years of experience from dsm-firmenich and has an extensive background in food science, with over 70 scientific publications and numerous patents.
Fresh Del Monte Produce Inc. (NYSE: FDP) has appointed Dr. Nizar Haddad as Director of Innovation and Business Development and General Manager of De l'Ora Bio, a partnership with Vellsam Materias Bioactivas. This move aims to enhance operational efficiency and product innovation. Dr. Haddad will lead De l'Ora Bio's focus on converting pineapple byproducts into high-quality biofertilizers, aligning with Fresh Del Monte's goals of reducing waste and improving resource utilization.
Dr. Haddad, formerly the Director General of Jordan's National Agricultural Research Centre, brings expertise in agricultural innovation and sustainable development. His role will be important in advancing Fresh Del Monte's innovation strategy and setting new benchmarks in biofertilizer production. This appointment underscores Fresh Del Monte's commitment to sustainable agriculture and operational excellence.
Fresh Del Monte Produce Inc. (NYSE: FDP) has announced its participation in TD Cowen's 2nd Annual Sip, Snack and Scrub Summit, scheduled for September 17, 2024, at the Westin New York Grand Central in New York, NY. Senior Vice President and CFO Monica Vicente, along with Vice President of Investor Relations Christine Cannella, will represent the company in one-on-one meetings with investors during the conference.
Interested parties unable to attend can arrange calls with management by contacting Christine Cannella directly. This event provides an opportunity for Fresh Del Monte to engage with investors and discuss the company's performance and strategies in the produce industry.
Fresh Del Monte Produce (NYSE: FDP) reported Q2 2024 financial results. Net sales dropped to $1,139.7M from $1,180.5M YoY, driven by lower banana sales offset by higher prices in fresh and value-added products. Gross profit decreased to $113.2M from $116.8M, impacted by higher production costs and weather-related events. Operating income was $68.2M, down from $72.1M, with a net income increase to $53.6M from $47.7M. The company saw improved margins in fresh products but declines in bananas due to competitive pressure and exchange rate impacts. Long-term debt reduced by 29% to $285M. A $0.25 per share dividend is announced, payable on September 6, 2024.
Fresh Del Monte Produce (NYSE: FDP) has won the 'Overall Food Innovation of the Year' in the 2024 Mindful Awards for its Del Monte® Precious Honeyglow™ pineapple. This new personal-size pineapple weighs less than two pounds and offers an extra sweet taste and golden hue. The product was selected from thousands of nominations worldwide for its innovative design to reduce food waste by providing consumers with more sizing options.
The Precious Honeyglow™ pineapple is the most compact in Del Monte history, weighing between 1.5 and 2 pounds, about half the size of a traditional pineapple. It's part of Fresh Del Monte's line of Honeyglow® pineapples, grown in Costa Rica and left to mature naturally on the plant for extra sweetness. This innovation aligns with the company's focus on offering convenient ways for consumers to incorporate fresh fruits into their diets while emphasizing sustainability and eliminating food waste.
Fresh Del Monte Produce Inc. (NYSE: FDP) has announced it will release its second quarter 2024 financial results after market close on Thursday, August 1, 2024. The company will host a conference call at 4:45 p.m. Eastern Time on the same day to discuss these results. Institutional investors, analysts, and other financial community members are invited to join the call by dialing specific numbers for domestic and international participants. An audio webcast of the conference call will be accessible through the company's Investor Relations page, with an archived replay available shortly after the event concludes.
Fresh Del Monte Produce (NYSE: FDP) has been awarded the 2024 SEAL Business Sustainability Award for its JUNTOS Project. This initiative, launched in 2021 in partnership with the German Development Cooperation (GIZ), focuses on landscape restoration, water conservation, and sustainable community development in Costa Rica and Guatemala.
The JUNTOS Project has successfully reforested 348 hectares, proposed over 400 hectares for wildlife refuges, conserved 10,000 hectares for biodiversity, and established five educational alliances. The project aims to expand into other green economies, promoting sustainability education and practices. Fresh Del Monte's commitment to sustainability includes reducing emissions, minimizing food waste, and adopting regenerative agriculture.
This marks the third time Fresh Del Monte has been honored by the SEAL Awards, which recognize companies for their leadership and innovation in sustainable business practices.
