Fresh Del Monte Produce, Inc.
34.31-0.05 (-0.15%)
Oct 29, 4:00:02 PM EDT · NYSE · FDP · USD
Key Stats
Market Cap
1.65BP/E (TTM)
20.92Basic EPS (TTM)
1.64Dividend Yield
0.03%Recent Filings
10-Q
8-K
8-K
Q2 sales up 4%, margins expand
Fresh Del Monte Produce Inc. reported Q2 2025 net sales of $1,182.5 million, up 4% from $1,139.7 million last year, with gross profit climbing 6% to $120.1 million and margins expanding to 10.2%. Growth stemmed from higher prices in fresh and value-added products—led by specialty pineapples and fresh-cut fruits—and bananas, bolstered by favorable exchange rates and North American tariff adjustments, yet offset by elevated production costs from weather and tariffs. Strong cash flow slashed long-term debt 29% to $201.0 million. Momentum builds in value-added segments.
10-Q
Q2 FY2025 results
Fresh Del Monte Produce Inc. posted solid Q2 FY2025 results, with net sales climbing 3.8% year-over-year to $1,182.5 million, fueled by higher prices in fresh and value-added products and bananas amid tariff adjustments in North America, while gross profit rose 6.1% to $120.1 million for a 10.2% margin. Operating income held steady at $68.3 million, but diluted EPS edged up to $1.18 from $1.12, reconciling cleanly with 48.2 million shares; year-to-date, sales gained 1.5% to $2,280.8 million and EPS hit $1.82. Cash swelled to $85.5 million on $159.2 million operating cash flow, minus $21.6 million capex for $137.6 million free cash flow (derived), while long-term debt dropped to $205.2 million under a $750 million facility with $549 million available and no covenant issues. Europe and the Middle East each topped 10% of sales, with pineapples and bananas driving growth despite weather hits. Yet tariff volatility lingers as a key risk.
8-K
Annual meeting elects directors
Fresh Del Monte Produce Inc. held its virtual Annual General Meeting on June 5, 2025, with 93% shareholder turnout. Directors Amir Abu-Ghazaleh, Mary Ann Cloyd, and Charles Beard, Jr. were elected for three-year terms, while Ernst & Young LLP's appointment as auditors for 2025 was ratified overwhelmingly. Say on pay for 2024 executives passed with strong support. Board continuity bolsters steady governance amid produce market shifts.
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