Education
About Us
Working with TipRanks
Follow Us
Fresh Del Monte Produce (FDP)
:FDP
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.95Last Year’s EPS
1.06Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: -1.83%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance in the Fresh and Value-Added segment, operational resilience, and strategic acquisitions, demonstrating positive momentum. However, challenges such as decreased sales in the Banana segment and global tariff concerns were also addressed. The benefits significantly outweighed the challenges, indicating a positive outlook.Company Guidance
During Fresh Del Monte Produce's first quarter 2025 earnings call, the company provided guidance focusing on growth and efficiency. Net sales for the quarter were $1,098 million, slightly down from $1,108 million in the prior year, primarily due to lower sales in the Banana segment. However, the Fresh and Value-Added Product segment saw an increase in net sales, driven by higher per unit selling prices, particularly in avocados and fresh-cut fruit. Gross profit improved to $92 million from $82 million last year, with the gross margin increasing to 8.4% from 7.4%. The company also reported a rise in operating income to $45 million, with adjusted EBITDA reaching $61 million, or 6% of net sales. Looking forward, Fresh Del Monte expects net sales to grow by 2% for the full year 2025, with gross margins projected to range from 10% to 11% in the Fresh and Value-Added segment, 5% to 7% in the Banana segment, and 12% to 14% in Other Products and Services. The guidance reflects a focus on operational resilience and strategic growth initiatives, despite facing challenges such as tariffs and global logistics disruptions.Strong Performance in Fresh and Value-Added Segment
The Fresh and Value-Added segment showed a substantial increase in gross profit, rising to $69 million from $56 million the previous year, with a gross margin increase to 10.1% from 8.3%. This performance was driven by higher per unit selling prices in avocado and fresh-cut fruit product lines.
Operational Resilience Amid Global Shipping Disruptions
Despite global shipping disruptions, Fresh Del Monte was able to deliver products with minimal delays, showcasing the operational resilience provided by its vertically integrated supply chain.
Acquisition of Majority Stake in Avolio
Fresh Del Monte acquired a majority stake in Avolio, a leading avocado oil producer in Uganda, to reduce waste and enhance value in the avocado market, aligning with the company's sustainability and growth strategy.
Reduction in Long-Term Debt
Long-term debt was reduced by 5% from $244 million to $233 million, reflecting a 42% decrease compared to the prior year period.
Increase in Adjusted EBITDA
Adjusted EBITDA for the first quarter of 2025 was $61 million or 6% of net sales, compared to $44 million or 4% in the prior year.
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
FDP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $34.45 | $33.70 | -2.18% |
Feb 24, 2025 | $30.30 | $29.39 | -3.00% |
Oct 31, 2024 | $28.34 | $31.28 | +10.37% |
Aug 01, 2024 | $23.75 | $26.32 | +10.82% |
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.
FAQ
When does Fresh Del Monte Produce (FDP) report earnings?
Fresh Del Monte Produce (FDP) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Fresh Del Monte Produce (FDP) earnings time?
Fresh Del Monte Produce (FDP) earnings time is at Jul 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 (Q2) is 0.95.