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Fresh Del Monte Produce Inc  (FDP)
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Price: $24.9300 $-0.30 -1.189%
Day's High: $25.1824 Week Perf: -2.84 %
Day's Low: $ 24.86 30 Day Perf: 1.22 %
Volume (M): 133 52 Wk High: $ 30.02
Volume (M$): $ 3,326 52 Wk Avg: $25.63
Open: $25.18 52 Wk Low: $21.41



 Market Capitalization (Millions $) 1,184
 Shares Outstanding (Millions) 48
 Employees 47,000
 Revenues (TTM) (Millions $) 4,321
 Net Income (TTM) (Millions $) -2
 Cash Flow (TTM) (Millions $) 17
 Capital Exp. (TTM) (Millions $) 58

Fresh Del Monte Produce Inc

Our legal name is Fresh Del Monte Produce Inc., and our commercial name is Del Monte Fresh Produce. We are an exempted holding company, incorporated under the laws of the Cayman Islands on August 29, 1996. At January 1, 2016, the close of our most recent fiscal year, members of the Abu-Ghazaleh family directly owned approximately 35.9% of our outstanding Ordinary Shares.Our global business, conducted through our subsidiaries, is primarily the worldwide sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. We source our fresh produce products (bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries and kiwi) primarily from Central and South America, Africa, the Philippines, North America and Europe. We source our prepared food products primarily from Africa, Europe and the Middle East. Our products are sourced from company-owned operations, through joint venture arrangements and through supply contracts with independent producers. We distribute our products in North America, Europe, Asia, the Middle East, Africa and South America.

We are one of the world’s leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared fruit and vegetables, juices, beverages and snacks in Europe, Africa and the Middle East. We market our products worldwide under the DEL MONTE® brand, a symbol of product innovation, quality, freshness and reliability since 1892. Our global sourcing and logistics network allows us to provide consistent delivery of high-quality fresh produce, juices, beverages, processed fruit and vegetables and value-added services to our customers.

We have leading market positions in the following product categories. We believe we are:

the largest marketer of fresh pineapples worldwide;

the third-largest marketer of bananas worldwide;

a leading marketer of branded fresh-cut fruit in the United States, Japan, the United Kingdom, United Arab Emirates and Saudi Arabia;

a leading grower, re-packer and marketer of tomatoes in the United States;

a leading year-round marketer of branded grapes in the United States;

a leading marketer of branded non-tropical fruit in selected markets; and

a leading marketer for branded canned fruit in the European Union (EU), other European markets, and the Middle East.

We source and distribute our fresh produce products globally. Our products are grown primarily in Central and South America, Africa and the Philippines. We also source products from North America and Europe. Our products are sourced from company-controlled farms and independent growers. At year end 2015, we transported our fresh produce to markets using our fleet of 13 owned and six chartered refrigerated vessels, and we operated four port facilities in the United States. We also operated 39 distribution centers, generally with cold storage and banana ripening facilities in our key markets worldwide, including the United States, Japan, South Korea, the United Arab Emirates, Saudi Arabia, Hong Kong, Germany and France. We also operate 16 fresh-cut facilities in the United States, the United Kingdom, Japan, the United Arab Emirates and Saudi Arabia, some of which are located within our distribution centers. Through our vertically integrated network, we manage the transportation and distribution of our products in a continuous temperature-controlled environment. This enables us to preserve quality and freshness, and to optimize product shelf life, while ensuring timely and year-round distribution. Furthermore, our position as a volume producer and shipper of bananas allows us to lower our average per-box logistics cost and to provide regular deliveries of our premium fresh fruit to meet the increasing demand for year-round supply.

We market and distribute our products to retail stores, club stores, wholesalers, distributors and foodservice operators in more than 100 countries around the world. . Our distribution centers and fresh-cut facilities address the growing demand from supermarket chains, club stores, foodservice providers, mass merchandisers and independent grocers to provide value-added services, including the preparation of fresh-cut produce, ripening, customized sorting and packing, just-in-time and direct-store-delivery and in-store merchandising and promotional support. Large national chains are increasingly choosing fewer suppliers who can serve all of their needs on a national basis. We believe that there is a significant opportunity for a company like ours with a full fresh and fresh-cut produce line, a well-recognized brand, a consistent supply of quality produce and a national distribution network to become the preferred supplier to these large retail and convenience store chains, and foodservice customers. We believe that we are uniquely positioned as a preferred supplier, and our goal is to expand this status by increasing our leading position in fresh-cut produce, expanding our banana and pineapple business and diversifying our other fresh produce selections. We are a multinational company offering a variety of fresh produce in all major markets along with fresh-cut produce in selected markets and a prepared food product line that includes prepared fruit and vegetables, juices, beverages and snacks in Europe, Africa, the Middle East and countries formerly part of the Soviet Union.

Our strategy is a combination of maximizing revenues from our existing infrastructure, entering new markets and strict cost control initiatives. We plan to continue to capitalize on the growing global demand for fresh produce and expand our reach into existing and new markets. We expect sales growth of fresh produce in key markets by increasing our sales volume and per unit sales prices as permitted by market conditions. Our strategy includes increasing volumes from existing production and distribution facilities in order to improve operating efficiencies and reduce per unit costs. We plan additional investments in production facilities in order to expand our product offering in established markets and continue with our recent expansion in growth markets, such as the Middle East, Africa and countries formerly part of the Soviet Union. We also plan additional investments in our North America and Asia distribution and fresh-cut fruit facilities to support our planned growth in these markets.

Our products are grown and sourced primarily in Central and South America, Africa and the Philippines.

We produce, source, distribute and market a broad array of fresh produce throughout the world, primarily under the DEL MONTE® brand, as well as under other proprietary brands, such as UTC® and Rosy®. We also produce, distribute and market prepared fruits and vegetables, juices, beverages and snacks under the DEL MONTE® brand, as well as other proprietary brands, such as Fruit Express™, Just Juice®, Fruitini® and other regional trademarks in Europe, Africa, the Middle East and countries formerly part of the Soviet Union.



   Company Address: c/o H&C Corporate Services Limited George Town, 0
   Company Phone Number: 520-8400   Stock Exchange / Ticker: NYSE FDP
   


Customers Net Income fell by FDP's Customers Net Profit Margin fell to

-52.58 %

4 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ALCO   -5.14%    
AVO   -4.06%    
CVGW   -6.07%    
LMNR   -1.53%    
• View Complete Report
   



Fresh Del Monte Produce Inc

Fresh Del Monte Produce Inc sees decline in revenue for fourth quarter of 2023

Fresh Del Monte Produce Inc, a Coral Gables-based agricultural production company, recently announced its financial results for the fourth quarter and the full fiscal year ended December 29, 2023. Despite a decline in share price over the past year, the company remains optimistic due to several positive aspects of its performance, including strong gross margins, cash flow, and adjusted earnings per share growth.
In the fiscal year ending December 29, 2023, Fresh Del Monte Produce Inc reported a net deficit of $-2.22 per share, compared to $0.38 per share the previous year. This signifies a significant decrease in earnings per share. Additionally, the company's revenue contracted by -3.019% to $1.01 billion from $1.04 billion in the same reporting period a year ago. However, sequentially, revenue grew by 0.548% from $1.00 billion.

Dividend

Fresh Del Monte Produce Inc. Reports Strong Financial Results for 2023, Despite Share Price Decline

Published Mon, Feb 26 2024 11:15 AM UTC



Coral Gables-based Fresh Del Monte Produce Inc. (NYSE: FDP) recently released its financial results for the fourth quarter and the full fiscal year ended December 29, 2023. Despite experiencing a decline in share price over the past year, the company remains optimistic due to various positive aspects of its performance, including strong gross margins, cash flow, a...

Product Service News

Fresh Del Monte Introduces Rubyglow Pineapple: an Innovative Twist to Cater to Chinese Consumers

Published Wed, Jan 24 2024 2:15 PM UTC

Fresh Del Monte Unveils Red-Shelled Pineapple, the Rubyglow PineappleFresh Del Monte Produce Inc. has announced the launch of its latest pineapple innovation, the Rubyglow pineapple. This unique variety features a red outer skin, bright yellow flesh, and a new, sweet flavor similar to Del Monte pineapples. The Rubyglow pineapple is initially being introduced in the Chinese m...

Management Changes

Fresh Del Monte Produce Inc. Appoints Ajai Puri, Expert in Food and Beverage Industry, to Its Board of Directors, Enhancing Growth Prospects and Operational Efficiency

Published Mon, Dec 4 2023 1:45 PM UTC


CORAL GABLES, Fla. - Fresh Del Monte Produce Inc. (NYSE: FDP) has announced the appointment of Ajai Puri, a seasoned expert with decades of experience in the food and beverage industry, to its board of directors. Dr. Puri's appointment will be effective from February 19, 2024. The addition of Dr. Puri brings valuable expertise to the company, as he possesses an extensiv...

Product Service News

Fresh Del Monte's Game-Changing Banana Containers: A Green Revolution in the Produce Industry

Published Tue, Nov 7 2023 4:18 PM UTC

Fresh Del Monte and Arena Packaging Revolutionize the Banana Industry with Innovative Reusable Plastic Containers
In a groundbreaking collaboration, Fresh Del Monte Produce Inc. has teamed up with Arena Packaging, a leading packaging, design, and pooling company in North America, to introduce Reusable Plastic Containers (RPCs) for bananas. This pioneering invention aims ...






 

Fresh Del Monte Produce Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Fresh Del Monte Produce Inc does not provide revenue guidance.

Earnings Outlook
Fresh Del Monte Produce Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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