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Fresh Del Monte Produce (FDP)
NYSE:FDP
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.62Last Year’s EPS
0.34Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: -1.26%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in the fresh and value-added product segments, debt reduction, and innovative sustainability initiatives. However, challenges were noted in the banana segment, weather-related impacts, potential tariff risks, and ongoing manpacking business issues. While the company showed strength in certain areas, the presence of substantial challenges balanced the overall sentiment.Company Guidance
During Fresh Del Monte Produce's Fourth Quarter and Full Fiscal Year 2024 Earnings Conference Call, the company highlighted several key metrics and strategic initiatives. Despite a 1% year-over-year decline in total net sales to $4.28 billion, gross profit rose by 2% to $358 million, with gross margins improving to 8.4%. The fresh and value-added product segments, including pineapple, fresh-cut fruit, and avocados, drove growth and higher margins. The company reduced its long-term debt and increased its quarterly dividend for the third consecutive year. Pineapples remain central to their strategy, with a five-year growth plan in place to expand production and sourcing operations. The banana segment faced challenges due to competitive pressures and weather-related supply issues but is expected to benefit from the Somalia banana project. Fresh Del Monte also plans to expand its avocado sourcing globally and has consolidated its manpacking operations to improve efficiency. For 2025, the company projects a 2% increase in net sales, with gross margins expected to improve across segments, supported by price increases and operational enhancements.Strong Performance in Fresh and Value-Added Product Segments
The fresh and value-added product segments, including pineapples, fresh-cut fruit, and avocados, drove growth and improved gross margins. Gross profit increased by 2% to $358 million, and gross margins improved to 8.4% compared to 8.1% in 2023.
Debt Reduction and Dividend Increase
Achieved a reduction in long-term debt by 39% to $144 million and increased the quarterly dividend for the third consecutive year.
Innovation and Sustainability Initiatives
Launched the Ruby Glow pineapple pilot and a biomass initiative focused on sustainability. Received the SEAL Environmental Initiative Award for surpassing emissions reduction targets.
Improvement in Operating Income
Operating income for the full year was $196 million, compared with $59 million last year, driven by lower asset impairment charges and higher gross profit.
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FDP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FDP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $30.88 | $29.95 | -3.01% |
| Oct 31, 2024 | $28.87 | $31.87 | +10.39% |
| Aug 01, 2024 | $24.20 | $26.82 | +10.83% |
| May 02, 2024 | $25.34 | $23.87 | -5.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fresh Del Monte Produce (FDP) report earnings?
Fresh Del Monte Produce (FDP) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Fresh Del Monte Produce (FDP) earnings time?
Fresh Del Monte Produce (FDP) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FDP EPS forecast?
FDP EPS forecast for the fiscal quarter 2025 (Q1) is 0.62.
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