Fresh Del Monte Produce Inc., through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally. It offers fresh and value added products, such as pineapples, melons, grapes, apples, citrus, blueberries, strawberries, pears, tomatoes, peaches, plums, nectarines, cherries and kiwis, avocados, fresh-cut and prepared fruits and vegetables, juices and other beverages, prepared meals and snacks, bananas, and other fruits and vegetables. The company also engages in poultry and meat products business; and ocean freight business. In addition, it manufactures and sells plastic and box products, such as bins, trays, bags, and boxes. The company offers its products under the Del Monte brand, as well as under other brands, such as UTC, Rosy, Fruit Express, Just Juice, Fruitini, Mann's Logo, Arcadian Harvest, Nourish Bowls, Broccolini, Caulilini, Better Burger Leaf, RomaLeaf, and other regional brands. It markets and distributes its products to retail stores, club stores, convenience stores, wholesalers, distributors, and foodservice operators. Fresh Del Monte Produce Inc. was founded in 1886 and is based in George Town, Cayman Islands.
IPO Year: 1997
Exchange: NYSE
Website: freshdelmonte.com
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Fresh Del Monte Produce Inc. (NYSE:FDP), one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, announces the appointment of Thomas (Tommy) Padilla as Vice President, Avocados (International), effective November 18, 2024. He brings more than 14 years of experience in the produce industry, specializing in international and export sales. Padilla will report directly to Danny Dumas, Senior Vice President of Sales, Marketing, and Product Management for North America, in his new role. "Tommy's deep expertise in international markets and the avocado category uniquely positions him to lead this important
Fresh Del Monte Produce Inc. (NYSE:FDP), one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, announces today the appointment of Danny Dumas as Senior Vice President of Sales, Marketing & Product Management for North America. Dumas brings over 35 years of industry expertise and leadership to help drive Fresh Del Monte's continued growth and innovation in North America, one of the company's largest and most competitive markets. In his new role, Dumas will oversee North American sales, marketing, product management, technical services, and quality assurance for port operations — key components of F
Visionary executive joins Fresh Del Monte to advance the ingredients industry through nature-driven solutions Fresh Del Monte Produce Inc. (NYSE:FDP), one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, announces today the appointment of Dr. Imad Farhat as Senior Vice President, Specialty Ingredients. Dr. Farhat will spearhead the company's vision to develop groundbreaking ingredients, derived from both Fresh Del Monte's portfolio and other agricultural products. Dr. Farhat will focus on harnessing the power of nature to drive Fresh Del Monte's long-term strategy in the ingredients industry. H
Visionary agricultural leader joins company to drive innovation and enhance operational efficiency Fresh Del Monte Produce Inc., one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, announces today the appointment of Dr. Nizar Haddad as Director of Innovation and Business Development at Fresh Del Monte, and General Manager of De l'Ora Bio, a Fresh Del Monte-led partnership with Vellsam Materias Bioactivas. De l'Ora Bio recently opened a groundbreaking biofertilizer plant in Kenya to maximize the use of Fresh Del Monte's pineapple byproducts. Dr. Haddad's appointment represents a significant ste
Respected Food and Beverage Industry Veteran Joins Team, Bolstering Company's Commitment to Innovation Fresh Del Monte Produce Inc. (NYSE:FDP) today announced the appointment of Ajai Puri, a seasoned expert with decades of experience in the food and beverage industry, to its board of directors, effective February 19, 2024. "Dr. Puri has an extensive background in the food and beverage industry and years of global R&D, innovation, supply chain development, and consumer marketing experience," said Mohammad Abu-Ghazaleh, Fresh Del Monte Chairman and Chief Executive Officer. "We are excited to welcome him as part of our team and believe he will bring beneficial insights to our company as we
Global agriculture giant achieves groundbreaking success with its first carbon neutral certified pineapple, reduction in greenhouse gas emissions, and food waste Fresh Del Monte Produce Inc. (NYSE:FDP), one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, has released its 2022 Sustainability Report, reaffirming its steadfast commitment to conserving the planet. For decades, Fresh Del Monte has been at the forefront of sustainable practices, focusing on reducing its emissions and food waste, and adopting regenerative agriculture and smart farming practices, among many others. This press release f
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Fresh Del Monte Produce Inc. (NYSE:FDP), one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, announces the appointment of Thomas (Tommy) Padilla as Vice President, Avocados (International), effective November 18, 2024. He brings more than 14 years of experience in the produce industry, specializing in international and export sales. Padilla will report directly to Danny Dumas, Senior Vice President of Sales, Marketing, and Product Management for North America, in his new role. "Tommy's deep expertise in international markets and the avocado category uniquely positions him to lead this important
Fresh Del Monte Produce Inc. (NYSE:FDP) today announced that management will participate in Stephens Annual Investment Conference, to be held at the Grand Hyatt Nashville Hotel, Nashville, Tennessee. Monica Vicente, Senior Vice President and Chief Financial Officer, and Christine Cannella, Vice President of Investor Relations, will participate in a fireside chat at 2:00 p.m. Eastern Time (1:00 p.m. Central Time) on Wednesday, November 20, 2024. A live webcast of the event will be available on Fresh Del Monte's investor relations website at Fresh Del Monte Produce Inc. - Events & Presentations and will be available for replay for at least 90 days thereafter. Fresh Del Monte's management will
Gross Margin Increased By 180 Basis Points Compared to the Prior-Year Period: Driven by Fresh and Value-Added Products Segment Strategic Decision on Mann Packing Finalized to Enhance Profitability and Position for Growth Fresh Del Monte Produce Inc. (NYSE:FDP), ("Fresh Del Monte" or the "Company") today reported financial results for the third quarter ended September 27, 2024. "We are pleased to report strong performance in the third quarter. Our strategic focus on high-margin, value-added products continues to deliver positive results, demonstrating the strength of our product innovations and our commitment to driving long-term profitability and value for our shareholders," said Fresh D
Strategic move allows Mann Packing to focus on operational efficiency and product innovation while strengthening Costa and Nunes Families' leadership in leafy greens Fresh Del Monte Produce Inc. (NYSE:FDP), through its vegetable division Mann Packing, announced the sale of its Fresh Leaf Farms brand and operations to First Leaf Farms—a new partnership between the Costa and Nunes families, both prominent leaders in the Salinas Valley produce industry. This transaction aligns with a shared commitment to drive innovation, enhance customer offerings, and strengthen leadership in the fresh produce sector. This press release features multimedia. View the full release here: https://www.businesswi
Fresh Del Monte Produce Inc. (NYSE:FDP) today announced that it will issue a press release on its third quarter financial results prior to market opening on Thursday, October 31, 2024, and will host its quarterly conference call that day at 11:00 a.m. Eastern Time to discuss the Company's financial results. Institutional investors, analysts and other members of the financial community are invited to join the live call by dialing 1 (888) 330-2454 (Domestic/Toll Free) or 1 (240) 789-2714 (International) and entering Passcode: 1313437. The live audio webcast of the conference call will be accessible in the Events & Presentations section on the Investor Relations page of the Fresh Del Monte we
The report highlights major sustainability milestones, including an early achievement of SBTi-approved targets for Scope 1 and 2 greenhouse gas reductions Fresh Del Monte Produce Inc. (NYSE:FDP), a leading global producer, marketer, and distributor of fresh and fresh-cut fruits and vegetables, has released its 2023 Sustainability Report, highlighting key progress toward a more sustainable future. As the first global marketer of fruits and vegetables to commit to the Science Based Targets initiative (SBTi), Fresh Del Monte is pleased to announce it achieved its SBTi-approved Scope 1 and 2 greenhouse gas (GHG) reduction goal well before the 2030 target. This press release features multimedia
Global produce company earns coveted spot on the 2024 Humankind 100 list for its significant and positive impact on critical areas Fresh Del Monte Produce Inc. (NYSE:FDP), one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruit and vegetables, today announces it has been named a Humankind 100 company for the third year in a row for its success in Crop Production ($62.7 billion), Economic Value ($1.4 billion), and Medical Services ($538 million) — and, of course, operating in a manner that is a net positive for humanity. This year, Fresh Del Monte jumped to #53 on the Humankind 100 list after being ranked #89 in 2023.
Leading producer, marketer, and distributor of high-quality fresh and fresh-cut fruit and vegetables recognized for building investor, consumer, and employee trust on a global scale Fresh Del Monte Produce Inc., (NYSE:FDP) one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruit and vegetables, ranked number eight in Newsweek's 2024 list of the World's Most Trustworthy Companies in the Food & Beverage category. This prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. The full list of winners was announced on September 4, 2024, and can be vie
Fresh Del Monte Produce Inc. (NYSE:FDP), one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, announces today the appointment of Danny Dumas as Senior Vice President of Sales, Marketing & Product Management for North America. Dumas brings over 35 years of industry expertise and leadership to help drive Fresh Del Monte's continued growth and innovation in North America, one of the company's largest and most competitive markets. In his new role, Dumas will oversee North American sales, marketing, product management, technical services, and quality assurance for port operations — key components of F
Visionary executive joins Fresh Del Monte to advance the ingredients industry through nature-driven solutions Fresh Del Monte Produce Inc. (NYSE:FDP), one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, announces today the appointment of Dr. Imad Farhat as Senior Vice President, Specialty Ingredients. Dr. Farhat will spearhead the company's vision to develop groundbreaking ingredients, derived from both Fresh Del Monte's portfolio and other agricultural products. Dr. Farhat will focus on harnessing the power of nature to drive Fresh Del Monte's long-term strategy in the ingredients industry. H
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On June 18, 2024, an insider purchase transaction caught the attention of investors at Fresh Del Monte Produce Inc. SVP, CHRO Tenazas Marissa R made a significant move by acquiring $43,694 worth of Ordinary Shares, consisting of 2,000 units at $21.85 per unit. This purchase translated into a remarkable increase in direct ownership by 1,852% for Tenazas Marissa R, bringing her total holdings to 2,108 units, as disclosed in the SEC Form 4 filing. This substantial increase in ownership might signal confidence in the company's future prospects and potentially hint at positive developments within Fresh Del Monte Produce Inc. The timing of this insider purchase is particularly interesting when vi
Gross Margin Increased By 180 Basis Points Compared to the Prior-Year Period: Driven by Fresh and Value-Added Products Segment Strategic Decision on Mann Packing Finalized to Enhance Profitability and Position for Growth Fresh Del Monte Produce Inc. (NYSE:FDP), ("Fresh Del Monte" or the "Company") today reported financial results for the third quarter ended September 27, 2024. "We are pleased to report strong performance in the third quarter. Our strategic focus on high-margin, value-added products continues to deliver positive results, demonstrating the strength of our product innovations and our commitment to driving long-term profitability and value for our shareholders," said Fresh D
Fresh Del Monte Produce Inc. (NYSE:FDP) today announced that it will issue a press release on its third quarter financial results prior to market opening on Thursday, October 31, 2024, and will host its quarterly conference call that day at 11:00 a.m. Eastern Time to discuss the Company's financial results. Institutional investors, analysts and other members of the financial community are invited to join the live call by dialing 1 (888) 330-2454 (Domestic/Toll Free) or 1 (240) 789-2714 (International) and entering Passcode: 1313437. The live audio webcast of the conference call will be accessible in the Events & Presentations section on the Investor Relations page of the Fresh Del Monte we
Strong Margin Improvement in the Fresh and Value-Added Products Segment Compared with the Prior-Year Period, Highlights Strategic Focus Debt Falls Below $300M, Signaling Strengthened Financial Stability Fresh Del Monte Produce Inc. (NYSE:FDP), ("Fresh Del Monte" or the "Company") today reported financial results for the second quarter ended June 28, 2024. "We are pleased to see our growth strategy and company focus yielding positive results, in the fresh and value-added products segment, where we achieved strong margin improvement during the second quarter of 2024. We see pineapple, fresh-cut fruit, avocados, and value-added products as core strengths—with consumers appreciating the i
Fresh Del Monte Produce Inc. (NYSE:FDP), (the "Company") today announced that it will issue a press release on its second quarter financial results after market closing on Thursday, August 1, 2024, and will host its quarterly conference call that day at 4:45 p.m. Eastern Time to discuss the Company's financial results. Institutional investors, analysts and other members of the financial community are invited to join the live call by dialing 1 (888) 330-2454 (Domestic/Toll Free) or 1 (240) 789-2714 (International) and entering Passcode: 1313437. The live audio webcast of the conference call will be accessible in the Events & Presentations section on the Investor Relations page of the Fresh
Fresh and Value-Added Segment Revenue Increased 5% Compared to Prior-Year Avocado Revenue Increased 23% Driven by Year-Over-Year Pricing Improvement Company Expanded Pineapple Program with Launch of Two New Pineapple Innovations, Rubyglow® pineapple and Precious Honeyglow® pineapple Fresh Del Monte Produce Inc. (NYSE:FDP), ("Fresh Del Monte" or the "Company") today reported financial results for the first quarter ended March 29, 2024. "We are pleased with the ongoing momentum in our higher-margin fresh and value-added segment. During the first quarter of 2024, this prioritized area of our business delivered 5% revenue growth driven by our strategic initiatives around distribution, p
Fresh Del Monte Produce Inc. (NYSE:FDP), (the "Company") today announced that it will issue a press release on its first quarter financial results after market closing on Thursday, May 2, 2024 and will host its quarterly conference call that day at 4:45 p.m. Eastern Time to discuss the Company's financial results. Hosting the call for the Company will be Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer, Monica Vicente, Senior Vice President and Chief Financial Officer, and Claudia Pou, Vice President, Corporate Communications. Institutional investors, analysts and other members of the financial community are invited to join the live call by dialing 1 (888) 330-2454 (Domestic/To
Gross Profit Margin for Fiscal Year 2023 Increased to 8.1% from 7.7% in Prior-Year Banana Segment Gross Margin for Fiscal Year 2023 Up 250 Basis Points Compared with Prior-Year Company Exploring Strategic Alternatives for Mann Packing Operation Long-Term Debt Reduced by $140 Million or 26% to $400 million at End of Fiscal Year 2023 Company Increased Quarterly Dividend by 25% for Second Consecutive Year Fresh Del Monte Produce Inc. (NYSE:FDP), ("Fresh Del Monte" or the "Company") today reported financial results for the fourth quarter and the full fiscal year ended December 29, 2023. "We are pleased with many aspects of our full year 2023 results including our strong gross margin
Fresh Del Monte Produce Inc. (NYSE:FDP), (the "Company") today announced that it will issue a press release on its fourth quarter and full fiscal year 2023 financial results prior to the market opening on Monday, February 26, 2024 and will host its quarterly conference call that day at 10:00 a.m. Eastern Time to discuss the Company's financial results. Hosting the call for the Company will be Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer, Monica Vicente, Senior Vice President and Chief Financial Officer, and Claudia Pou, Vice President, Corporate Communications. Institutional investors, analysts and other members of the financial community are invited to join the live call b
Banana Segment Gross Margin Up 250 Basis Points and Avocados Turned Around With Net Sales Up 15% in the Third Quarter 2023 Gross Profit Margin for the Nine Months Up Over 100 Basis Points to 8.7% Driven by Majority of Product Offerings Diluted Earnings Per Share for the Nine Months Increased 17% to $1.97 from $1.68 in the Prior-Year Period Long-Term Debt Reduced by 26% to $401.0 million at End of the Third Quarter 2023 from $539.8 million at End of Fiscal Year 2022 Company Released its Annual Sustainability Report, Reaffirming Steadfast Commitment to Conserving the Planet Fresh Del Monte Produce Inc. (NYSE:FDP), ("Fresh Del Monte" or the "Company") today reported financial results
Fresh Del Monte Produce Inc. (NYSE:FDP), today announced that it will issue a press release on its third quarter and nine months financial results for fiscal 2023 prior to the market opening on Wednesday, November 1, 2023 and will host its quarterly conference call that day at 10:00 a.m. Eastern Time to discuss the Company's financial results. Hosting the call for the Company will be Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer, Monica Vicente, Senior Vice President and Chief Financial Officer, and Claudia Pou, Vice President, Corporate Communications. Interested parties are invited to participate by visiting the Investor Relations page of the Fresh Del Monte website at htt
Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. PBF Energy The Trade: PBF Energy Inc. (NYSE:PBF) 10% owner Control Empresarial de Capitales S.A. de C.V. acquired a total o
On June 18, 2024, an insider purchase transaction caught the attention of investors at Fresh Del Monte Produce Inc. SVP, CHRO Tenazas Marissa R made a significant move by acquiring $43,694 worth of Ordinary Shares, consisting of 2,000 units at $21.85 per unit. This purchase translated into a remarkable increase in direct ownership by 1,852% for Tenazas Marissa R, bringing her total holdings to 2,108 units, as disclosed in the SEC Form 4 filing. This substantial increase in ownership might signal confidence in the company's future prospects and potentially hint at positive developments within Fresh Del Monte Produce Inc. The timing of this insider purchase is particularly interesting when vi
Fresh Del Monte Produce (NYSE:FDP) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.60 by 43.33 percent. This is a 38.18 percent decrease over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $1.108 billion which missed the analyst consensus estimate of $1.152 billion by 3.79 percent. This is a 1.77 percent decrease over sales of $1.128 billion the same period last year.
Tuesday marks the last chance for investors to receive the next dividend payout from Fresh Del Monte Produce (NYSE:FDP). What's Happening The company announced on Friday that it would pay shareholders a quarterly dividend of 25 cents per share. On Wednesday, Fresh Del Monte Produce will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 25 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own FDP as of the end of Tuesday's session are eligible to receive the 2
Mr. Abu-Ghazaleh added, "During the fall of this year, we conducted a strategic review and assessed our operational priorities of our North America operations, including Mann Packing. Preliminary findings of this review were finalized in the fourth quarter. As a result of this strategic review and other factors, we recorded a non-cash impairment of $131.2 million in the quarter, primarily related to our Mann Packing operation. We are exploring strategic alternatives for this business while continuing to focus on improving profitability in all areas of our business, including innovations and strategic partnerships, in addition to controlling our costs this next fiscal year."
Fresh Del Monte Produce (NYSE:FDP) reported quarterly earnings of $0.25 per share which missed the analyst consensus estimate of $0.30 by 16.67 percent. This is a 44.44 percent decrease over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $1.01 billion which missed the analyst consensus estimate of $1.03 billion by 2.08 percent. This is a 3.02 percent decrease over sales of $1.04 billion the same period last year.
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Fresh Del Monte Produce (NYSE:FDP) is set to give its latest quarterly earnings report on Monday, 2024-02-26. Here's what investors need to know before the announcement. Analysts estimate that Fresh Del Monte Produce will report an earnings per share (EPS) of $0.30. Fresh Del Monte Produce bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.07, which was follo
The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. The Vita Coco Company, Inc. (NASDAQ:COCO) On Jan. 31, Goldman Sachs analyst Bonnie Herzog maintained Vita Coco with a Buy an