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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 (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.

News

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

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Fresh Del Monte Produce Inc. (NYSE: FDP) to participate in the 2024 ICR Conference, with management holding meetings with institutional investors. Senior Vice President and CFO Monica Vicente, and Senior Manager of Investor Relations Bianca Hernandez will attend the conference.
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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

Rhea-AI Summary
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 Produce Inc

NYSE:FDP

FDP Rankings

#1390 Ranked by Market Cap
#1001 Ranked by Dividends

FDP Stock Data

1.66B
39.26M
22.24%
68.77%
2.46%
Farm Products
Consumer Defensive
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