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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.
Fresh Del Monte Produce Inc. (NYSE: FDP) will release its Q3 2022 financial results on November 2, 2022, prior to market opening. The company will host a conference call at 10:00 a.m. ET on the same day, featuring executives including CEO Mohammad Abu-Ghazaleh and CFO Monica Vicente.
Listeners can access the call via the Fresh Del Monte Investor Relations page. The company is recognized as a leading producer of fresh and prepared foods globally and was rated as one of "America's Most Trusted Companies" by Newsweek in 2022.
Fresh Del Monte Produce has acquired a 39% stake in Decapolis, a tech startup specializing in blockchain food safety and quality traceability. This strategic investment aims to enhance transparency in the food supply chain, starting with Fresh Del Monte’s pineapple operations in Costa Rica. The Decapolis Food Guard platform will provide consumers with full traceability from farm to fork via QR codes. This initiative is part of Fresh Del Monte’s commitment to innovative, sustainable solutions and aims to roll out the service to other businesses as well.
Fresh Del Monte Produce Inc. (NYSE: FDP) reported second quarter 2022 financial results with net sales of $1,211.9 million, a 6% increase year-over-year. However, gross profit decreased to $80.7 million from $110 million, reflecting cost pressures, particularly from inflation and supply chain issues. Net income fell to $21.2 million from $47.2 million, with diluted EPS at $0.44. The company declared a quarterly dividend of $0.15 per share. Despite challenges, Fresh Del Monte emphasizes ongoing commitment to sustainable growth and maintaining operational cash flows.
Fresh Del Monte Produce Inc. (NYSE: FDP) will announce its second quarter 2022 financial results on August 3, 2022, before market opening. A conference call hosted by management will occur at 10:00 a.m. Eastern Time to discuss these results. Interested investors can access the call via the company’s Investor Relations page. The company is recognized for its high-quality fresh and fresh-cut fruits and vegetables, as well as prepared foods in Europe, Africa, and the Middle East, under the Del Monte® brand.
Fresh Del Monte Produce reported first-quarter results for 2022, showcasing a net sales increase to $1,136.9 million, up 5% year-over-year. However, gross profit fell to $89.8 million from $105.0 million, impacted by inflation and supply chain issues. Net income dropped to $25.8 million compared to $42.7 million in the prior year. The diluted EPS was $0.54, down from $0.90. The company declared a quarterly dividend of $0.15 per share, increased from $0.10, emphasizing long-term value accretion despite challenges.
Fresh Del Monte Produce Inc. (NYSE: FDP) will release its Q1 2022 financial results on May 4, 2022, before market opening. A conference call will follow at 10:00 a.m. Eastern Time, led by CEO Mohammad Abu-Ghazaleh and CFO Monica Vicente. Interested parties can participate via the Investor Relations page. Fresh Del Monte is a global leader in fresh and prepared foods, recognized for its DEL MONTE® brand, and is committed to sustainable practices through the Science Based Targets initiative.
Fresh Del Monte Produce Inc. (NYSE: FDP) reported its Q4 and fiscal year 2021 results, revealing a net sales increase of 2% to $1,017.3 million in Q4 and a 1% rise for the year, totaling $4,252.0 million. The company faced a net loss of $(11.2) million in Q4 but achieved a net income of $80.0 million for the year, with diluted EPS rising 63% to $1.68. Adjusted EBITDA for Q4 was $14.8 million, while full-year Adjusted EBITDA climbed to $206.8 million. A quarterly dividend of $0.15 per share was declared, payable April 1, 2022.
Fresh Del Monte Produce Inc. (NYSE: FDP) will release its fourth quarter and fiscal year 2021 results on February 23, 2022, before market opening. A conference call will follow at 10:00 a.m. ET, led by CEO Mohammad Abu-Ghazaleh, CFO Eduardo Bezerra, and VP Ana Miranda. The event will be accessible on Fresh Del Monte's Investor Relations page, with participants able to join via phone. An audio replay will be available for one year post-call.
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