Fresh Del Monte Produce Inc Stock Price, News & Analysis

Fresh Del Monte (NYSE:FDP) has announced a strategic joint venture with Colombia-based Managro Group to expand an avocado and lime packing facility in Colombia. The partnership aims to enhance Fresh Del Monte's year-round supply capabilities to North American and European markets.

The investment aligns with growing market opportunities, as the global lime market is projected to reach $62 billion by 2034 (2.5% CAGR), while the avocado market is expected to hit $34 billion by 2034 (5.9% CAGR). The collaboration leverages Colombia's favorable growing conditions and combines Managro's product expertise with Fresh Del Monte's global distribution network.

Fresh Del Monte (NYSE:FDP) has partnered with CMA CGM Group to revolutionize their banana and pineapple shipping operations in Asia. The collaboration introduces containerized shipping services from the Philippines to Japan and South Korea, replacing traditional breakbulk shipping methods.

The new service operates on two key routes: the JP8 Service connecting Davao to multiple Japanese ports, and the BMX Service linking Davao to Busan, South Korea. The initiative leverages CMA CGM's CLIMACTIVE controlled atmosphere containers and smart container solutions, which maintain consistent temperature control and provide real-time cargo monitoring.

This strategic shift aims to enhance fruit quality, extend shelf life, reduce waste, and improve cold chain reliability while decreasing the carbon footprint of their logistics operations.

Fresh Del Monte Produce (NYSE:FDP) reported strong Q2 2025 financial results, with net sales increasing 4% to $1.18 billion and gross profit rising 6% to $120.1 million. The company's gross margin expanded by 30 basis points to 10.2%. The performance was driven by higher sales across both fresh and value-added products and banana segments.

Key financial metrics include FDP net income of $56.8 million, up from $53.6 million year-over-year, and operating income of $68.3 million. The company's balance sheet strengthened with long-term debt decreasing 29% to $201.0 million. The Board declared a quarterly cash dividend of $0.30 per share.

Fresh Del Monte Produce (NYSE:FDP) has appointed Miles Fraser-Jones as Vice President of Sales & Product Management for Deciduous & Citrus (International). Fraser-Jones brings over 25 years of experience in global sourcing, procurement, and business development, having held senior positions at AMFresh, Tom Lange International, and Sierra Produce.

In his new role, Fraser-Jones will oversee North American sales and lead international sourcing and product management for the company's deciduous and citrus categories, reporting to Danny Dumas, Senior Vice President of Sales, Product Management, and Marketing for North America. The appointment aligns with Fresh Del Monte's strategic focus on strengthening its commercial strategy and expanding global sourcing capabilities.

Fresh Del Monte (NYSE:FDP) has appointed Mark Gagnon as Vice President of Sales for the South Region, effective June 2, 2025. Gagnon, who previously worked at Fresh Del Monte from 2014 to 2020, brings over 30 years of senior-level experience in sales strategy and business development.

Reporting to Danny Dumas, Senior VP of Sales, Product Management, and Marketing for North America, Gagnon will oversee commercial strategy and customer engagement across the Southern United States. His extensive experience includes leadership roles at major companies like Dole, Chiquita, Chobani, Kalera, and Seald Sweet.

Fresh Del Monte Produce (NYSE: FDP) has scheduled its second quarter 2025 financial results announcement for July 30, 2025. The company will release its earnings report before the market opens and host a conference call at 11:00 a.m. Eastern Time.

The conference call will feature key executives including Chairman and CEO Mohammad Abu-Ghazaleh, CFO Monica Vicente, and VP of Investor Relations Christine Cannella. Participants can join via phone using toll-free number 1-888-330-2454 (US) or 1-240-789-2714 (International) with passcode 1313437, or through the live webcast available on the company's investor relations website.

Fresh Del Monte Produce (NYSE: FDP) has issued a clarification statement emphasizing it has no affiliation with Del Monte Foods Inc., which is currently facing litigation and bankruptcy proceedings. Fresh Del Monte is a fully independent, publicly traded company with distinct ownership, operations, and markets from Del Monte Foods Inc.

The company highlighted its position as a global leader in fresh and fresh-cut produce, operating in over 90 countries, and owns the Del Monte® brand rights for prepared food products in Europe, Africa, and the Middle East. Fresh Del Monte will report its Q2 2025 results on July 30, 2025.

Fresh Del Monte (NYSE:FDP) celebrates International Pineapple Day on June 27, highlighting its pivotal role in transforming pineapple consumption. The company revolutionized the market with its Del Monte Gold® Extra Sweet pineapple in 1996, helping increase US per-capita consumption from less than 1 pound in the 1970s to over 8.3 pounds today.

The company showcases its innovative portfolio including Pinkglow® (pink-fleshed), Rubyglow® (red-skinned), Honeyglow® (extra-sweet golden), and Del Monte Zero® (carbon-neutral) pineapples. As one of few companies managing the entire supply chain, Fresh Del Monte continues to expand operations to meet growing global demand that currently outpaces supply in several markets.

Fresh Del Monte Produce (FDP) announces its debut at the 2025 Summer Fancy Food Show in New York City from June 29 to July 1 at Booth #5013. The company will showcase its innovative pineapple portfolio, including several premium varieties: the exclusive Rubyglow Pineapple priced at $395, featuring a red outer shell and yellow flesh; the pink-fleshed Pinkglow Pineapple; the extra-sweet Honeyglow Pineapple grown on sustainably certified farms; the carbon-neutral Del Monte Zero Pineapple; and Del Monte Gold By Air, which is airfreighted within 48 hours of harvest. The showcase demonstrates Fresh Del Monte's commitment to innovation, sustainability, and meeting evolving consumer preferences in the premium fruit market.