Fresh Del Monte Produce is a leading global producer and distributor of fresh and prepared fruits and vegetables
The company specializes in growing, sourcing, marketing, and selling a wide variety of high-quality produce, including bananas, pineapples, melons, and avocados, as well as value-added products like fruit cups and snacks. Fresh Del Monte operates a vertically integrated supply chain that encompasses farming, packaging, and distribution, enabling it to deliver fresh products to retailers, food service operators, and consumers worldwide. With a commitment to sustainability and quality, the company aims to provide nutritious and healthy food options while promoting environmentally responsible practices throughout its operations.
Fresh produce company Fresh Del Monte (NYSEFDP) missed Wall Street’s revenue expectations in Q4 CY2024, with sales flat year on year at $1.01 billion. Its non-GAAP profit of $0.26 per share was 29.7% below analysts’ consensus estimates.
Fresh Del Monte Produce reported slight sales growth of 0.4% in Q4, totaling $1.01 billion, underperforming analyst expectations. Gross profit increased by nearly 10%, but adjusted EPS of $0.26 missed the consensus estimate.
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What a fantastic six months it’s been for Fresh Del Monte Produce. Shares of the company have skyrocketed 46.7%, hitting $33.97. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
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Shares of fresh produce company Fresh Del Monte (NYSEFDP)
jumped 15.3% in the morning session after the company reported third-quarter earnings that blew past analysts' EBITDA and EPS expectations. Its revenue and gross margin also outperformed Wall Street's estimates. Zooming out, we think this was a good quarter with some key areas of upside.
Fresh produce company Fresh Del Monte (NYSEFDP) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 1.6% year on year to $1.02 billion. Its non-GAAP profit of $0.77 per share was also 65.6% above analysts’ consensus estimates.
Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at Freshpet (NASDAQFRPT) and its peers.
Fresh Del Monte Produce Inc is an integrated producer, marketer & distributor of fresh-cut fruit & vegetables. Over the past year, Fresh Del Monte’s share price increased about 4.5% from $26.67 to $27.86 as of Monday’s market close.
