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) generates a steady flow of news across strategic, financial, and brand-focused topics, reflecting its role as a vertically integrated producer, marketer, and distributor of fresh and fresh-cut fruit and vegetables and a leading producer and distributor of prepared food in Europe, Africa, and the Middle East. This news page aggregates coverage of the company’s announcements so readers can see how its operations, partnerships, and branded activities evolve over time.
Recent updates have highlighted strategic transactions and portfolio moves, such as the company being named the successful bidder to acquire select prepared and packaged foods assets from Del Monte Foods Corporation II Inc. through a court-supervised sale process, and an agreement to sell key Mann Packing assets to Church Brothers Farms. These developments illustrate how Fresh Del Monte manages its brand rights, prepared foods footprint, and focus on higher-margin, value-added categories.
Investors and observers can also follow earnings-related news, including quarterly results where the company discusses segment performance in fresh and value-added products, bananas, and other products and services, as well as actions like exiting underperforming banana farms. Additional coverage includes sourcing and joint venture announcements, such as the strategic partnership with THACO AGRI for bananas and pineapples in Southeast Asia and the joint venture with Managro Group to expand an avocado and lime packing house in Colombia.
Beyond financial and operational updates, Fresh Del Monte issues news on marketing partnerships and brand campaigns, including collaborations with Disney’s “Zootopia 2” and a partnership with the Florida Panthers hockey organization. These stories provide insight into how the company promotes its DEL MONTE® and MANN® brands, engages consumers, and supports community and lifestyle initiatives. Bookmark this page to monitor the latest FDP news across strategy, finance, sourcing, and brand activity.
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.
Fresh Del Monte Produce reported strong third-quarter 2022 results, with net sales of $1,053.5 million, up 5% from $1,004.8 million YOY. Gross profit surged to $88.0 million from $48.9 million. Net income skyrocketed to $33.3 million compared to $1.3 million last year, with diluted EPS of $0.69. The company attributed its performance to strategic pricing amid inflationary pressures and improved product mix, although cost increases and currency fluctuations posed challenges. A quarterly dividend of $0.15 per share was declared, continuing its commitment to returns.
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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.
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