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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As part of the second annual sponsorship, attendees may enjoy courtside smoothies, taste the Pinkglow® Pineapple, and get a chance to win free prizes, courtesy of Fresh Del Monte To help beat the heat and take in the prestigious Miami Open tennis tournament, spectators, volunteers, staff, and players will now be able to enjoy refreshing smoothies and fresh fruit all tournament long, thanks to Fresh Del Monte. 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 announced it returns as an official gold sponsor of the Miami Open, which kicks off March 16
HealthStream, Inc. (NASDAQ:HSTM), a leading healthcare technology platform company for workforce solutions, announced today that Charles E. Beard, Jr. has joined its Board of Directors and will serve as a member of the Audit Committee. Mr. Beard brings a wealth of experience from his more than 30-year career, where he has held several executive-level positions. Until his recent retirement in December 2024, he served as Chief Operating Officer at Guidehouse, a global consultancy achieving five-fold growth in five years with annual revenues of approximately $3 billion and over 17,000 employees. Prior to that position, he was a Partner at PwC, working with counsel on investigations of transna
New Agreement Brings Broccolini® to More Retailers While Maintaining Premium Quality Fresh Del Monte Produce Inc. (NYSE:FDP), through its vegetable division Mann Packing, has entered into a licensing agreement with The Nunes Company, Inc., expanding the reach of one of the industry's most recognized premium brands—Broccolini®—and bringing the sought-after vegetable to more retailers while maintaining the high standards consumers expect. Under this agreement, The Nunes Company will market and sell Broccolini® baby broccoli, further extending its availability while upholding the quality synonymous with Mann Packing's reputation for fresh, premium produce. This press release features multimed
Anani, Drs. Haddad and Farhat Form Core Team to Drive Next Phase of Biomass Initiative 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 announced the appointment of Deema Anani as Chief Commercial Officer (Specialty Ingredients). Based in Dubai, Anani will report directly to Chairman and CEO Mohammad Abu-Ghazaleh and will focus on driving commercial growth within Specialty Ingredients and Innovation, a key area of the company's long-term strategy. Anani will work closely with Dr. Nizar Haddad, who leads innovation, and Dr. Imad Farhat, who overse
Fresh and Value-Added Products for Fiscal 2024: Net Sales 5% Higher, Gross Margin 9.3% versus 6.8% in the Prior Year Long-Term Debt Reduced by $156 Million or 39% to $244 Million at the End of Fiscal Year 2024 Company Increased Quarterly Dividend for the Third 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 27, 2024. "Our full-year 2024 results reflect the effectiveness of our strategic focus and operational improvements. This success, achieved despite facing several challenges in 2024, was primarily driven by the exceptional performance of our f
Fresh Del Monte Produce Inc. (NYSE:FDP) (the "Company") today announced that its Board of Directors (the "Board") has approved a $150 million share repurchase program, reinforcing its balanced capital allocation strategy. Additionally, the Board has announced an increase in the quarterly dividend from $0.25 to $0.30. The next quarterly dividend will be paid on March 28, 2025, to shareholders of record on March 10, 2025. "This repurchase authorization is part of our broader capital allocation framework, which prioritizes investing in strategic growth opportunities, maintaining a strong balance sheet, and returning capital to shareholders through dividends and share repurchases," said Mohamm
Leading producer, marketer, and distributor of high-quality fresh and fresh-cut fruit and vegetables recognized for achieving reduction targets for Scope 1 and Scope 2 greenhouse gases seven years ahead of its 2030 goal 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, was recently awarded a 2025 SEAL Business Sustainability Award in the Environmental Initiative category, which celebrates leadership, innovation, and commitment to sustainable business practices. Fresh Del Monte was recognized for achieving its reduction targets of 27.5% for Scope 1 and Sco
Fresh Del Monte Produce Inc. (NYSE:FDP) (the "Company") today announced that management will meet with institutional investors at the Citi 2025 Global Consumer & Retail Conference in Aventura, Florida on Monday, March 10, 2025. To schedule a meeting with management, please contact your Citi representative. If you are unable to attend the conference and would like to schedule a call with management, please contact Christine Cannella, Vice President of Investor Relations, [email protected]. About Fresh Del Monte Produce Inc. Fresh Del Monte Produce Inc. is one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cu
Fresh Del Monte Produce Inc. (NYSE:FDP) today announced that it will issue a press release on its fourth quarter and full fiscal 2024 financial results prior to market opening on Monday, February 24, 2025, and will host its quarterly conference call that day at 11:00 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 Christine Cannella, Vice President Investor Relations. Institutional investors, analysts and other members of the financial community are invited to join the live call by dialing 1 (888) 330-245
Transitions from management role to support firm's growth and innovation strategy MCLEAN, Va., Dec. 12, 2024 /PRNewswire/ -- Guidehouse, a global consultancy providing advisory, digital, and managed services to the commercial and public sectors, proudly announces that its Chief Operating Officer (COO), Charles Beard, will transition from his executive management responsibilities this month to join the firm's Board on Jan. 1, 2025. Beard has served as COO since the firm's inception, spearheading Guidehouse's evolution into a next-generation consultancy. He played a pivotal role
Fresh and Value-Added Products for Fiscal 2024: Net Sales 5% Higher, Gross Margin 9.3% versus 6.8% in the Prior Year Long-Term Debt Reduced by $156 Million or 39% to $244 Million at the End of Fiscal Year 2024 Company Increased Quarterly Dividend for the Third 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 27, 2024. "Our full-year 2024 results reflect the effectiveness of our strategic focus and operational improvements. This success, achieved despite facing several challenges in 2024, was primarily driven by the exceptional performance of our f
Fresh Del Monte Produce Inc. (NYSE:FDP) (the "Company") today announced that its Board of Directors (the "Board") has approved a $150 million share repurchase program, reinforcing its balanced capital allocation strategy. Additionally, the Board has announced an increase in the quarterly dividend from $0.25 to $0.30. The next quarterly dividend will be paid on March 28, 2025, to shareholders of record on March 10, 2025. "This repurchase authorization is part of our broader capital allocation framework, which prioritizes investing in strategic growth opportunities, maintaining a strong balance sheet, and returning capital to shareholders through dividends and share repurchases," said Mohamm
Fresh Del Monte Produce Inc. (NYSE:FDP) today announced that it will issue a press release on its fourth quarter and full fiscal 2024 financial results prior to market opening on Monday, February 24, 2025, and will host its quarterly conference call that day at 11:00 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 Christine Cannella, Vice President Investor Relations. Institutional investors, analysts and other members of the financial community are invited to join the live call by dialing 1 (888) 330-245
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
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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
HealthStream, Inc. (NASDAQ:HSTM), a leading healthcare technology platform company for workforce solutions, announced today that Charles E. Beard, Jr. has joined its Board of Directors and will serve as a member of the Audit Committee. Mr. Beard brings a wealth of experience from his more than 30-year career, where he has held several executive-level positions. Until his recent retirement in December 2024, he served as Chief Operating Officer at Guidehouse, a global consultancy achieving five-fold growth in five years with annual revenues of approximately $3 billion and over 17,000 employees. Prior to that position, he was a Partner at PwC, working with counsel on investigations of transna
Anani, Drs. Haddad and Farhat Form Core Team to Drive Next Phase of Biomass Initiative 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 announced the appointment of Deema Anani as Chief Commercial Officer (Specialty Ingredients). Based in Dubai, Anani will report directly to Chairman and CEO Mohammad Abu-Ghazaleh and will focus on driving commercial growth within Specialty Ingredients and Innovation, a key area of the company's long-term strategy. Anani will work closely with Dr. Nizar Haddad, who leads innovation, and Dr. Imad Farhat, who overse
Transitions from management role to support firm's growth and innovation strategy MCLEAN, Va., Dec. 12, 2024 /PRNewswire/ -- Guidehouse, a global consultancy providing advisory, digital, and managed services to the commercial and public sectors, proudly announces that its Chief Operating Officer (COO), Charles Beard, will transition from his executive management responsibilities this month to join the firm's Board on Jan. 1, 2025. Beard has served as COO since the firm's inception, spearheading Guidehouse's evolution into a next-generation consultancy. He played a pivotal role
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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