Fresh Del Monte Produce (FDP) Tops Q2 EPS by 10c, Revenues Miss

Fresh Del Monte Produce (NYSE: FDP) reported Q2 EPS of $0.54, $0.10 better than the analyst estimate of $0.44. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.26 billion.

“As a result of significant global disruptions, including lockdowns, closures and quarantines due to the COVID-19 pandemic, Fresh Del Monte Produce went through an unprecedented, turbulent period during the quarter,” said Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer. “Even with these challenges and the nature of our perishable business, we remained focused on protecting the health and safety of our global team members, and we maintained our business continuity. Our liquidity and ability to generate positive cash-flows remained strong during the quarter. Our transformation is expected to continue in the quarters ahead as we look to improve our asset utilization around the globe, create efficiencies in our operations and position our Company to deliver stronger long-term performance.”

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

You May Also Be Interested In

• Morgan Stanley upgrades CDW on stronger AI-driven server demand
• BofA lists top 5 themes driving next $1tn in incremental semi sales
• Safe Pro wins $1.3M subcontract for AI landmine detection on UGVs