Fresh Del Monte Produce (FDP) Tops Q3 EPS by 19c

Fresh Del Monte Produce (NYSE: FDP) reported Q3 EPS of $0.35, $0.19 better than the analyst estimate of $0.16. Revenue for the quarter came in at $1.07 million, versus $1.02 billion reported last year.

“Positive trends continue for Fresh Del Monte with a strong financial performance in the third quarter of 2019,” said Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer. “Our strategic focus on stabilizing our core business, innovative diversification, and transforming Fresh Del Monte to a value-added Company has been building throughout 2019. We are emphasizing value-added margin growth in all product lines, generating momentum with global partnerships, introducing trend-forward products, and are opening new state-of-the-art facilities in Mexico and Japan. Our retail store concept in the U.S. will be coming soon. We extended our credit facility to 2024. We believe that these results, coupled with increasing demand for healthy, fresh and convenient foods, have given Fresh Del Monte a strong competitive advantage in the marketplace and a solid position from which to pursue our vision of inspiring healthy lifestyles.”

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

You May Also Be Interested In

• Keurig Dr Pepper coffee chief to depart ahead of planned split
• A.O. Smith executive chairman to retire, CEO to assume chairman role
• Sun Communities names Ileana McAlary as general counsel and EVP