Fresh Del Monte Produce (NYSE:FDP) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Fresh Del Monte Produce (NYSE:FDP) announced its quarterly earnings results on Tuesday. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01, FiscalAI reports. Fresh Del Monte Produce had a net margin of 2.10% and a return on equity of 7.63%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year.

Here are the key takeaways from Fresh Del Monte Produce’s conference call:

• The company closed the Del Monte Foods acquisition for a total cash consideration of $308 million, expects it to add about $600 million of net sales and roughly $23 million of Adjusted EBITDA in 2026, and plans to scale and integrate the brand to expand its perimeter and center-store presence.
• Management warned of meaningful cost pressure from the Middle East conflict—higher energy, fertilizer, packaging, ocean freight and inland transport—that they estimate will hit results by roughly $40–45 million starting in Q2, plus an additional $20–25 million of FX and domestic logistics headwinds through the year.
• 2026 guidance reflects continuing-operations net sales growth of 13–15% (including nine months of Del Monte Foods) but lower segment margins (Fresh ~11–12%, Bananas ~3–4%, Prepared Foods ~13–14%), higher SG&A ($270–280 million), capex of $85–95 million, and reduced full?year operating cash flow of $40–50 million due to branded CPG working capital seasonality.
• The company maintained shareholder returns while integrating the acquisition—declaring a quarterly dividend of $0.30 per share and repurchasing 100,000 shares for $4 million—while reporting adjusted EBITDA of $58 million for Q1.

Fresh Del Monte Produce Trading Down 5.2%

NYSE:FDP traded down $2.11 during midday trading on Tuesday, hitting $38.24. The stock had a trading volume of 196,768 shares, compared to its average volume of 260,361. The company has a quick ratio of 1.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.09. Fresh Del Monte Produce has a one year low of $31.43 and a one year high of $43.58. The stock has a 50-day moving average of $41.71 and a 200 day moving average of $38.57. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 20.34 and a beta of 0.30.

Fresh Del Monte Produce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Tuesday, May 19th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.1%. Fresh Del Monte Produce’s dividend payout ratio is presently 63.83%.

Analyst Ratings Changes

FDP has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Fresh Del Monte Produce from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Wall Street Zen upgraded shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Fresh Del Monte Produce presently has a consensus rating of “Buy”.

Insider Buying and Selling at Fresh Del Monte Produce

In other news, SVP Gianpaolo Renino sold 6,297 shares of Fresh Del Monte Produce stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $41.46, for a total value of $261,073.62. Following the transaction, the senior vice president owned 3,198 shares of the company’s stock, valued at $132,589.08. The trade was a 66.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Effie D. Silva sold 5,894 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $41.94, for a total value of $247,194.36. Following the completion of the sale, the senior vice president directly owned 8,536 shares of the company’s stock, valued at $357,999.84. The trade was a 40.85% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 33,151 shares of company stock worth $1,391,225. 30.60% of the stock is currently owned by company insiders.

Institutional Trading of Fresh Del Monte Produce

Institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC grew its position in Fresh Del Monte Produce by 20.5% during the 4th quarter. Corient Private Wealth LLC now owns 9,527 shares of the company’s stock worth $339,000 after purchasing an additional 1,623 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Fresh Del Monte Produce during the 4th quarter worth approximately $256,000. XTX Topco Ltd purchased a new stake in Fresh Del Monte Produce during the 4th quarter worth approximately $558,000. Virtus Investment Advisers LLC purchased a new stake in Fresh Del Monte Produce during the 4th quarter worth approximately $161,000. Finally, Millennium Management LLC grew its position in Fresh Del Monte Produce by 25.0% during the 4th quarter. Millennium Management LLC now owns 71,611 shares of the company’s stock worth $2,552,000 after purchasing an additional 14,335 shares during the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc is a leading producer, marketer and distributor of fresh and fresh-cut fruits and vegetables worldwide. The company offers a wide range of products including bananas, pineapples, melons, grapes and avocados, along with value-added items such as fruit salads, vegetable trays and snack packs under the Del Monte® brand.

Founded in 1989 as a spin-off from Del Monte, Fresh Del Monte has developed a global supply chain that spans production farms, ripening facilities and packaging centers across Latin America, North America, Europe, Asia and Africa.