Fresh Del Monte Produce ( (FDP) ) has issued an update.
On February 24, 2025, Fresh Del Monte Produce Inc. announced its financial results for the fourth quarter and full fiscal year 2024. The company reported a significant increase in gross margins and a reduction in long-term debt by 39%, ending the year with $244 million in debt. The company also increased its quarterly dividend for the third consecutive year, reflecting strong cash flow and strategic focus despite challenges faced in 2024. Notable improvements included increased net sales and gross profit in the fresh and value-added products segment, although the banana segment experienced a decline in net sales due to lower prices and volumes. The company’s operating income improved substantially from a loss in the prior year, driven by reduced asset impairments and enhanced operational performance.
More about Fresh Del Monte Produce
Fresh Del Monte Produce Inc. operates in the fresh produce industry, focusing on fresh and value-added products such as pineapples, avocados, and fresh-cut fruit. The company has a strong market presence in the fresh produce sector and is committed to expanding its core segments for sustainable shareholder value.
YTD Price Performance: -6.20%
Average Trading Volume: 316,889
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.48B
See more data about FDP stock on TipRanks’ Stock Analysis page.