Fresh Del Monte Produce (FDP) Reports Q4 Loss of $0.13

Fresh Del Monte Produce (NYSE: FDP) reported Q4 EPS of ($0.13), versus $0.23 reported last year. Revenue for the quarter came in at $953.7 billion, versus $954.6 billion reported last year.

“We were pleased with the momentum in diversifying our business in 2017,” said Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer. “Throughout the year, we continued to execute our strategic initiatives to leverage our infrastructure and keep pace with the rapidly evolving consumer needs. We expanded our diverse product suite, led by our fresh-cut category that grew by 18 percent. We extended our presence in global markets by increasing our sourcing capabilities and distribution channels around the world. Our diversification strategy is working, and the investments we have made across our business are in progress. We expect this momentum to continue as we seek opportunities, such as our pending acquisition of Mann Packing, that will further strengthen our company, drive profitability, and increase shareholder value over the long-term.”

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

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