Welcome to our dedicated page for Del Monte news (Ticker: FDP), a resource for investors and traders seeking the latest updates and insights on Del Monte stock.
Fresh Del Monte Produce Inc. reports on a global food business built around fresh, fresh-cut, prepared, refrigerated and shelf-stable fruit and vegetable products. Recurring developments include quarterly earnings, segment mix in fresh and value-added products and bananas, cash dividends, investor communications, and product or brand initiatives under the DEL MONTE® name and other recognized brands.
Company updates also cover portfolio actions, including the completed acquisition of select Del Monte Foods assets, global rights to the Del Monte® brand subject to existing licensing arrangements, and expansion across packaged vegetables, tomato products, refrigerated fruit and beverage categories. News may also address sponsorships, sustainability commitments, logistics and distribution activity, and operations serving markets in North America, Europe, Asia, the Middle East and other regions.
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 reported strong Q1 2025 financial results, with gross profit increasing 12% year-over-year to $92.2 million and gross margin expanding to 8.4% from 7.4%. Net sales reached $1,098.4 million, slightly down from $1,107.9 million in Q1 2024.
The Fresh and Value-Added Products segment showed robust performance with net sales of $683.2 million and improved gross margin of 10.1%. However, the Banana segment faced challenges, with net sales declining to $363.8 million due to lower sales volume in Asia and North America.
The company maintained strong cash flow with $46.1 million from operating activities, reduced long-term debt by 5% to $233 million, and continued shareholder returns through a $0.30 quarterly dividend and $7.6 million in share repurchases. Net income attributable to Fresh Del Monte increased to $31.1 million, compared to $26.1 million in the prior year.
Fresh Del Monte's newest luxury fruit innovation, the Rubyglow® pineapple, has won the Best Food Innovation award at the World Food Innovation Awards 2025. This exclusive pineapple, retailing at $395, is a groundbreaking cross between traditional and Morada varieties, featuring a distinctive deep red outer shell and citrine-yellow flesh.
The product represents Fresh Del Monte's most exclusive pineapple offering to date, requiring over 15 years of R&D and two years to grow. The fruit offers a smooth, tropical flavor with low acidity and joins the company's premium pineapple portfolio, including Pinkglow®, Honeyglow®, and Del Monte Zero® varieties.
Initially launched in China with immediate sellout success, Rubyglow® has expanded to North America and Europe, with global demand exceeding supply. The product's development involved traditional crossbreeding methods and precision cultivation, contributing to its premium status and current worldwide waitlists.
Fresh Del Monte Produce (NYSE: FDP) has scheduled its first quarter 2025 financial results announcement for Wednesday, April 30, 2025. The company will release its earnings report before market opening, followed by a quarterly conference call at 11:00 a.m. Eastern Time.
The conference call will be led by Chairman and CEO Mohammad Abu-Ghazaleh, Senior VP and CFO Monica Vicente, and VP Investor Relations Christine Cannella. Institutional investors and analysts can join via phone using the toll-free number 1-888-330-2454 (domestic) or 1-240-789-2714 (international) with passcode 1313437.
A live audio webcast will be available in the Events & Presentations section of Fresh Del Monte's Investor Relations website, with an archived replay accessible after the event.