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Fresh Del Monte Produce Inc. - FDP STOCK NEWS

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. (symbol: FDP) is a globally recognized leader in the production, marketing, and distribution of high-quality fresh and fresh-cut fruits and vegetables. The company is also a key player in the production and distribution of prepared healthy snacks, primarily serving markets in Europe, Africa, and the Middle East. Operating under the esteemed Del Monte® brand, known for its commitment to innovation, quality, freshness, and reliability for over a century, Fresh Del Monte Produce Inc. has established a robust presence in more than 100 countries around the world.

The company operates through three main segments: Fresh and Value-Added Products, including pineapples, fresh-cut fruit, fresh-cut vegetables, melons, vegetables, non-tropical fruit, and avocados; the Banana Segment; and Other Products and Services, which includes third-party freight and logistics services, and the Jordanian poultry and meats business.

Fresh Del Monte Produce Inc. is dedicated to meeting the evolving needs of health-conscious consumers by providing a range of convenient, nutritious, and wholesome food products. The company's long-term vision is to become the leading global supplier of healthful, fresh, and prepared foods and beverages, catering to consumers of all ages.

Recent achievements include expansions in their product offerings and strategic partnerships aimed at enhancing their supply chain and distribution capabilities. Financially, Fresh Del Monte has shown resilience and adaptability, maintaining strong performance despite market fluctuations. The company's operations in North America, Europe, Asia, the Middle East, and other regions contribute significantly to its overall revenue, with North America being the largest market.

Through its commitment to quality and sustainability, Fresh Del Monte continues to uphold its reputation as a trusted brand, ensuring that consumers worldwide have access to fresh, nutritious, and delicious food.

News

Fresh Del Monte Produce Inc. Names New Independent Board Member

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Fresh Del Monte Produce Inc. (NYSE: FDP) appoints Ajai Puri, a seasoned food and beverage industry veteran, to its board of directors, effective February 19, 2024. Dr. Puri brings extensive global R&D, innovation, supply chain development, and consumer marketing experience. He has held board member roles at several publicly-traded and privately-held companies in the food, beverage, and agricultural industries. Dr. Puri has over 20 years of executive experience at Minute Maid, part of The Coca-Cola Company, and holds a B.S., M.S., M.B.A., and Ph.D. in Food Science.
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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 Inc. (NYSE: FDP) has partnered with Arena Packaging to introduce Reusable Plastic Containers (RPCs) for bananas, aiming to reduce environmental impact, food waste, and operational costs while preserving fruit quality.
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Fresh Del Monte Produce Inc. Announces Adoption of Share Repurchase Plan

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Fresh Del Monte Produce Inc. (NYSE: FDP) has announced a share repurchase plan, allowing the company to repurchase up to 500,000 of its Ordinary Shares. The plan has no time deadline and will continue until modified or terminated by the Board of Directors. Repurchases may be made through open market purchases or privately negotiated transactions, depending on market conditions and other factors.
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Fresh Del Monte Produce Inc. Reports Third Quarter and Nine Months Earnings for Fiscal 2023

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Fresh Del Monte Produce Inc. reported solid financial results for the third quarter and nine months ended September 29, 2023. The company saw an increase in gross profit margin and diluted earnings per share. Long-term debt was reduced by 26%, and the company released its annual sustainability report reaffirming its commitment to conservation.
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Fresh Del Monte Produce Inc. to Report Third Quarter and Nine Months Financial Results for Fiscal 2023

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Fresh Del Monte Produce Inc. will release its Q3 and nine months financial results for fiscal 2023 on November 1, 2023. The company will host a conference call at 10:00 a.m. Eastern Time on the same day to discuss the results.
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Fresh Del Monte Sets New Standards in Sustainability with 2022 Report

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Fresh Del Monte Produce releases its 2022 Sustainability Report, highlighting achievements in carbon neutrality, greenhouse gas emissions reduction, and food waste diversion.
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Fresh Del Monte Named Humankind 100 Company for Second Consecutive Year

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Fresh Del Monte named a Humankind 100 Company for the second year in a row, recognized for its positive impact on critical areas. Crop Production ($26.1 B), Economic Value ($2.0 B), and Medical Services ($745.6 M) contribute to the company's recognition.
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Fresh Del Monte and Flowspace Join Forces to Power Produce Giant’s Storage Facilities

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Fresh Del Monte Produce Inc. (FDP) partners with Flowspace to add 30+ temperature-controlled cold storage facilities to its fulfillment network
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Fresh Del Monte Produce Inc. Reports Strong Operating Results in the Second Quarter 2023; Net Income More Than Doubles, Gross Profit and Margin Increase

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Fresh Del Monte Produce Inc. reported strong financial results for Q2 2023, with net income more than doubling and gross profit increasing by 45% compared to the prior-year period. The company's strategic efforts, including asset optimization, strategic partnerships, and product innovation, are starting to reflect in its financial results. Net sales for the quarter were $1,180.5 million, slightly lower than the prior-year period, primarily due to lower pricing of avocados and lower sales volume of non-tropical fruit. However, higher sales in the banana segment partially offset the decrease. Gross profit for the quarter was $116.8 million, benefiting from lower product and distribution costs in the fresh and value-added products segment and higher banana profitability. Operating income was $72.1 million, an increase of 110% compared to the prior-year period. The company's total long-term debt decreased to $400.5 million at the end of Q2 2023. Fresh Del Monte declared a quarterly cash dividend of $0.20 per share.
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Fresh Del Monte Recognized for Sustainability Efforts

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Fresh Del Monte Produce Inc has been recognized for its sustainability efforts by two leading organizations. The company received a 2023 SEAL Business Sustainability Award for reducing greenhouse gas emissions by 22.64%. It has also been shortlisted for a World Sustainability Award for its Del Monte Zero™ pineapple, a carbon neutral certified pineapple. The company's sustainability initiatives include upgrading its fleet and using solar and wind energy. Del Monte is 80% towards its goal of reducing emissions by 27.5% by 2025. The winners of the World Sustainability Awards will be announced in October.
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FAQ

What is the current stock price of Fresh Del Monte Produce (FDP)?

The current stock price of Fresh Del Monte Produce (FDP) is $33.32 as of December 20, 2024.

What is the market cap of Fresh Del Monte Produce (FDP)?

The market cap of Fresh Del Monte Produce (FDP) is approximately 1.6B.

What does Fresh Del Monte Produce Inc. do?

Fresh Del Monte Produce Inc. produces, markets, and distributes high-quality fresh and fresh-cut fruits and vegetables, and prepared healthy snacks.

In which regions does Fresh Del Monte Produce Inc. operate?

The company operates in North America, Europe, Asia, the Middle East, and other regions, with North America being the largest market.

What are the main business segments of Fresh Del Monte Produce Inc.?

The main segments are Fresh and Value-Added Products, the Banana Segment, and Other Products and Services, including third-party logistics and Jordanian poultry and meats.

What brands does Fresh Del Monte Produce Inc. use?

The company markets its products under the Del Monte® brand, known for quality and reliability.

What is Fresh Del Monte Produce Inc.'s long-term vision?

The company's vision is to become the leading global supplier of healthful, fresh, and prepared foods and beverages.

How does Fresh Del Monte Produce Inc. meet consumer demand?

The company provides convenient, nutritious food products that cater to the health-conscious needs of consumers.

What recent achievements has Fresh Del Monte Produce Inc. made?

Recent achievements include product expansions and strategic partnerships to enhance supply chain and distribution.

How does Fresh Del Monte Produce Inc. ensure product quality?

The company is committed to quality and sustainability, ensuring fresh, nutritious, and delicious food for consumers worldwide.

What contributes most to Fresh Del Monte Produce Inc.'s revenue?

North America is the largest market, contributing significantly to the company's revenue.

What types of products are included in the Fresh and Value-Added Products segment?

This segment includes pineapples, fresh-cut fruit, fresh-cut vegetables, melons, vegetables, non-tropical fruit, and avocados.

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Fresh Del Monte Produce Inc.

NYSE:FDP

FDP Rankings

#2144 Ranked by Market Cap
#1076 Ranked by Dividends

FDP Stock Data

1.58B
37.41M
21.94%
67.8%
0.79%
Farm Products
Consumer Defensive
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United States of America
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