Fresh Del Monte Produce (FDP) Misses Q3 EPS by 15c, Revenues Miss

Fresh Del Monte Produce (NYSE: FDP) reported Q3 EPS of $0.14, $0.15 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.14 billion.

“We delivered a 12% increase in net sales during the third quarter, led by a solid contribution from our recent acquisition of Mann Packing,” said Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer. “Our operations continue to recover from previously disclosed challenges earlier in the year. We benefited from the progress of our diversification strategy, innovation efforts, and global presence while keenly focusing on creating greater efficiencies throughout our organization.”

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

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