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) will release its first quarter 2023 financial results on May 3, 2023, before market opening, followed by a conference call at 10:00 a.m. Eastern Time. The call will feature CEO Mohammad Abu-Ghazaleh and CFO Monica Vicente, inviting analysts and investors to discuss financial outcomes. Interested parties can join via the Fresh Del Monte Investor Relations page. The company, a top global producer of fresh and fresh-cut fruits and vegetables, operates under the Del Monte® brand, noted for over 135 years of quality and freshness. Fresh Del Monte is recognized as one of "America's Most Trusted Companies" by Newsweek for two consecutive years.
Fresh Del Monte Produce Inc. (NYSE: FDP) reported a strong fourth quarter and full fiscal year 2022, achieving net sales of $1,040.0 million and a net income of $18.3 million in Q4 2022, compared to a loss of $11.2 million in Q4 2021. For the full year, net sales rose 4% to $4,442.3 million, driven by inflation-adjusted price increases, despite lower sales volume in certain segments. Gross profit for Q4 improved to $81.7 million, up from $39.8 million in Q4 2021, reflecting increased selling prices. The company declared a quarterly dividend of $0.15 per share, highlighting its commitment to shareholder returns.
Fresh Del Monte Produce Inc. (NYSE: FDP) will release its fourth quarter and full fiscal year 2022 financial results before the market opens on February 22, 2023. The quarterly conference call will take place at 10:00 a.m. Eastern Time, featuring CEO Mohammad Abu-Ghazaleh and CFO Monica Vicente. Interested participants can join via the Investor Relations page on the Fresh Del Monte website. The company, a key player in the global fresh produce market, is known for its Del Monte brand and commitment to sustainability, including its participation in the Science Based Targets initiative. For inquiries, CFO Monica Vicente is available for contact.
Fresh Del Monte Produce Inc. has partnered with Moze Holding Limited to revive banana production in Somalia. This multi-year agreement will enhance banana supply chains, reducing transport times to the Middle East and North Africa, and making fresher fruit more accessible. Fresh Del Monte will manage operations, with the first harvest expected in 2024. Historically, Somalia was a significant banana exporter before its civil conflict in the 1990s. By reestablishing production, the partnership aims to contribute to Somalia's economic recovery while fulfilling market demands.
Fresh Del Monte Produce has announced the launch of its first carbon neutral certified pineapple, Del Monte Zero™, available in early 2023 for North American and select European markets. This product is certified by SCS Global Services and aims to mitigate greenhouse gas emissions through carbon insetting practices. With a commitment to sustainability, the company has invested in upgraded transportation and a reforestation program encompassing over 8,000 hectares. The initiative reflects a broader commitment to climate-conscious produce, as Fresh Del Monte seeks to expand its carbon neutral practices across its product lines.
