Fresh Del Monte Produce (FDP) Misses Q4 EPS by 55c, Reveunes Miss

Fresh Del Monte Produce (NYSE: FDP) reported Q4 EPS of ($0.43), $0.55 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.15 billion.

“We had higher sales in North America, driven by our acquisition of Mann Packing Company in 2018,” said Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer. “This strategic acquisition accelerated our efforts to diversify our presence in the fresh and fresh-cut vegetable industry. We\'re proud of how well the integration has gone during a year in which we faced a number of other challenges, including port delays, severe winter weather events and truck shortages in the U.S., along with higher operating costs. As we enter 2019, we continue to focus sharply on implementing our operating strategies, and taking aggressive action to transform our Company to meet consumer demand for healthy and convenient food products.”

For earnings history and earnings-related data on Fresh Del Monte Produce (FDP) click here.

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