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Fresh Del Monte Produce Inc - FDP STOCK NEWS

Welcome to our dedicated news page for Fresh Del Monte Produce (Ticker: FDP), a resource for investors and traders seeking the latest updates and insights on Fresh Del Monte Produce.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fresh Del Monte Produce's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Fresh Del Monte Produce's position in the market.

News
Fresh Del Monte Produce Inc. to Report Third Quarter and Nine Months Financial Results for Fiscal 2023
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
Tags
conferences earnings
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News
Fresh Del Monte Sets New Standards in Sustainability with 2022 Report
Rhea-AI Summary
Fresh Del Monte Produce releases its 2022 Sustainability Report, highlighting achievements in carbon neutrality, greenhouse gas emissions reduction, and food waste diversion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
none
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News
Fresh Del Monte Named Humankind 100 Company for Second Consecutive Year
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
none
News
Fresh Del Monte and Flowspace Join Forces to Power Produce Giant’s Storage Facilities
Rhea-AI Summary
Fresh Del Monte Produce Inc. (FDP) partners with Flowspace to add 30+ temperature-controlled cold storage facilities to its fulfillment network
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.12%
Tags
none
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News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.69%
Tags
earnings
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News
Fresh Del Monte Recognized for Sustainability Efforts
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
Tags
none
News
Fresh Del Monte Produce Inc. to Report Second Quarter 2023 Financial Results
Rhea-AI Summary
Fresh Del Monte Produce Inc. will release its Q2 2023 financial results on August 2, 2023, and host a conference call to discuss the results. Interested parties can participate by visiting the Investor Relations page of the Fresh Del Monte website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
Tags
conferences earnings
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News
Fresh Del Monte and Sustainable Food Maker Vertage Partner to Expand Distribution of Healthy Foods
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
Tags
partnership
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News
Fresh Del Monte Produce Inc. Reports First Quarter 2023 Financial Results
Rhea-AI Summary
Fresh Del Monte Produce Inc. reports financial results for Q1 2023, with net sales of $1,128.5 million and gross profit of $97.0 million. Diluted EPS is $0.81. The company finalized the sale of three underutilized properties as part of their asset optimization plan. Net sales decreased by 1% due to lower selling prices of avocados and negative fluctuations in exchange rates. Gross profit increased due to higher selling prices and lower distribution costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.38%
Tags
none
News
Fresh Del Monte Produce Inc. to Report First Quarter 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
Tags
conferences earnings
Stock FDP logo
Fresh Del Monte Produce Inc

NYSE:FDP

FDP Rankings

#2277 Ranked by Market Cap
#2246 Ranked by Stock Gains
#879 Ranked by Dividends

FDP Stock Data

1.19B
37.08M
22.14%
66.71%
0.45%
Fruit and Tree Nut Combination Farming
Agriculture, Forestry, Fishing and Hunting
Link
US
Coral Gables

About FDP

fresh del monte produce inc. is one of the world’s leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared healthy snacks in europe, africa and the middle east. fresh del monte markets its products worldwide under the del monte® brand, a symbol of product innovation, quality, freshness and reliability for more than 100 years. the fresh del monte community includes operations in more than 100 countries around the world. fresh del monte produce inc. is dedicated to meet the current and future needs of consumers worldwide. in fact, its long-range vision is to become the leading global supplier of healthful, wholesome and nutritious fresh and prepared foods and beverages to consumers of all ages. fresh del monte produce inc. products satisfy today’s health and wellness-conscious consumer demands with a level of convenience that fits perfectly into their active lif