Complete financial analysis of Fresh Del Monte Produce Inc. (FDP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Fresh Del Monte Produce Inc., a leading company in the Agricultural Farm Products industry within the Consumer Defensive sector.
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Fresh Del Monte Produce Inc. (FDP)
Industry: Agricultural Farm Products
Sector: Consumer Defensive
Website: https://www.freshdelmonte.com
About Fresh Del Monte Produce Inc.
Fresh Del Monte Produce Inc., through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services. It offers pineapples, fresh-cut fruit, fresh-cut vegetables, melons, and vegetables; non-tropical fruits, such as grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries, and kiwis; other fruit and vegetables, and avocados; and prepared fruit and vegetables, juices, other beverages, and meals and snacks. The company also engages in the sale of poultry and meat products; and third-party freight services business. In addition, it manufactures and sells plastic and box products, such as bins, trays, bags, and boxes. The company offers its products under the Del Monte brand, as well as under other brands, such as UTC, Rosy, Fruit Express, Just Juice, Fruitini, Mann's Logo, Arcadian Harvest, Nourish Bowls, Broccolini, Caulilini, Better Burger Leaf, RomaLeaf, and other regional brands. It markets and distributes its products to retail stores, club stores, convenience stores, wholesalers, distributors, and foodservice operators. Fresh Del Monte Produce Inc. was founded in 1886 and is based in George Town, Cayman Islands.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.32B | 4.44B | 4.25B | 4.20B | 4.49B | 4.49B | 4.09B | 4.01B | 4.06B | 3.93B | 3.68B | 3.42B | 3.59B | 3.55B | 3.50B | 3.53B | 3.37B | 3.21B | 3.26B | 2.91B | 2.49B | 2.09B | 1.93B | 1.86B | 1.74B | 1.60B | 1.21B |
| Cost of Revenue | 3.97B | 4.10B | 3.95B | 3.95B | 4.19B | 4.21B | 3.75B | 3.55B | 3.71B | 3.56B | 3.39B | 3.08B | 3.27B | 3.28B | 3.19B | 3.18B | 3.00B | 3.03B | 2.95B | 2.64B | 2.16B | 1.75B | 1.65B | 1.64B | 1.55B | 1.37B | 1.05B |
| Gross Profit | 350.70M | 340.20M | 303.80M | 250.90M | 300.60M | 279.80M | 331.60M | 461.40M | 342.30M | 364.80M | 290.40M | 341.70M | 319.50M | 272.40M | 310.80M | 347.00M | 364.90M | 186.50M | 311.50M | 264.70M | 328.20M | 336.70M | 282.90M | 221.30M | 193.20M | 228.80M | 157.70M |
| Gross Profit Ratio | 8.12% | 7.66% | 7.14% | 5.97% | 6.70% | 6.23% | 8.12% | 11.50% | 8.44% | 9.29% | 7.88% | 9.99% | 8.90% | 7.67% | 8.89% | 9.83% | 10.84% | 5.80% | 9.56% | 9.11% | 13.20% | 16.11% | 14.67% | 11.90% | 11.08% | 14.30% | 13.05% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.20M | 3.30M | 3.30M | 3.90M | 4.10M | 4.40M | 4.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 176.20M | 177.50M | 179.30M | 181.60M | 180.80M | 179.50M | 160.40M | 170.20M | 166.30M | 157.50M | 159.40M | 157.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 10.50M | 9.30M | 13.60M | 14.60M | 14.90M | 15.20M | 12.80M | 17.20M | 17.60M | 18.30M | 20.10M | 19.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 186.70M | 186.80M | 192.90M | 196.20M | 195.70M | 194.70M | 173.20M | 187.40M | 183.90M | 175.80M | 179.50M | 177.20M | 190.40M | 166.80M | 165.80M | 162.50M | 176.80M | 201.60M | 190.90M | 136.40M | 107.80M | 102.70M | 89.40M | 80.90M | 63.50M | 58.30M | 42.30M |
| Other Expenses | 0.00 | -14.80M | -9.40M | -4.50M | 900.00K | -15.70M | -3.00M | -3.40M | -7.20M | -12.00M | 13.60M | -1.90M | 0.00 | 0.00 | 0.00 | 0.00 | 12.50M | 105.30M | 3.10M | 0.00 | 0.00 | 19.60M | 28.60M | 57.80M | 45.20M | 35.80M | 20.60M |
| Operating Expenses | 292.20M | 186.80M | 192.90M | 196.20M | 195.70M | 194.70M | 173.20M | 187.40M | 183.90M | 175.80M | 179.50M | 177.20M | 190.40M | 157.60M | 165.80M | 183.90M | 189.30M | 306.90M | 194.00M | 136.40M | 107.80M | 122.30M | 118.00M | 138.70M | 108.70M | 94.10M | 62.90M |
| Cost & Expenses | 4.26B | 4.29B | 4.14B | 4.15B | 4.38B | 4.41B | 3.93B | 3.74B | 3.90B | 3.74B | 3.57B | 3.26B | 3.46B | 3.44B | 3.35B | 3.37B | 3.19B | 3.33B | 3.14B | 2.78B | 2.27B | 1.88B | 1.76B | 1.78B | 1.66B | 1.47B | 1.11B |
| Interest Income | 1.40M | 700.00K | 600.00K | 700.00K | 1.10M | 900.00K | 800.00K | 700.00K | 600.00K | 600.00K | 700.00K | 700.00K | 1.10M | 900.00K | 700.00K | 1.40M | 1.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 24.10M | 23.70M | 19.70M | 20.70M | 24.30M | 22.70M | 5.60M | 3.40M | 3.70M | 2.60M | 2.20M | 2.30M | 6.80M | 10.80M | 11.20M | 14.50M | 25.90M | 25.60M | 16.10M | 0.00 | 0.00 | 15.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 84.80M | 92.60M | 96.80M | 95.00M | 98.10M | 99.20M | 79.90M | 78.50M | 72.40M | 73.30M | 69.90M | 70.00M | 73.50M | 78.70M | 83.70M | 85.30M | 80.90M | 83.80M | 89.00M | 70.90M | 63.00M | 61.70M | 61.20M | 57.80M | 45.20M | 35.80M | 20.60M |
| EBITDA | 134.20M | 230.10M | 204.00M | 145.10M | 211.80M | 121.50M | 233.50M | 351.90M | 231.60M | 263.60M | 56.10M | 232.60M | 180.80M | 149.60M | 227.40M | 262.30M | 289.90M | -34.80M | 210.00M | 199.20M | 220.40M | 214.40M | 226.10M | 140.40M | 129.70M | 170.50M | 142.50M |
| EBITDA Ratio | 3.11% | 5.20% | 4.66% | 3.46% | 4.54% | 3.78% | 5.76% | 8.70% | 5.51% | 6.37% | 5.28% | 6.80% | 5.67% | 5.26% | 6.54% | 6.68% | 7.06% | 2.12% | 6.53% | 6.62% | 10.25% | 13.16% | 13.67% | 7.88% | 6.60% | 11.85% | 9.30% |
| Operating Income | 58.50M | 156.30M | 111.00M | 50.20M | 114.10M | 38.60M | 152.70M | 244.20M | 91.00M | 173.50M | -30.70M | 161.40M | 115.90M | 77.50M | 148.20M | 163.10M | 175.60M | -120.40M | 117.50M | 128.30M | 220.40M | 214.40M | 164.90M | 82.60M | 84.50M | 134.70M | 94.80M |
| Operating Income Ratio | 1.35% | 3.52% | 2.61% | 1.19% | 2.54% | 0.86% | 3.74% | 6.09% | 2.24% | 4.42% | -0.83% | 4.72% | 3.23% | 2.18% | 4.24% | 4.62% | 5.22% | -3.75% | 3.60% | 4.42% | 8.86% | 10.26% | 8.55% | 4.44% | 4.85% | 8.42% | 7.85% |
| Total Other Income/Expenses | -42.00M | -38.50M | -29.10M | -25.20M | -23.40M | -38.40M | -8.60M | -6.80M | -10.90M | -14.60M | 11.40M | -4.20M | -15.40M | -17.40M | -16.40M | -600.00K | -11.80M | -25.20M | -19.20M | -1.30M | 21.90M | 5.50M | -42.20M | -46.60M | -12.90M | -45.10M | -18.10M |
| Income Before Tax | 16.50M | 117.80M | 81.90M | 51.30M | 90.70M | 200.00K | 144.10M | 237.40M | 80.10M | 158.90M | -19.30M | 157.20M | 100.50M | 60.10M | 131.80M | 162.50M | 181.20M | -145.60M | 98.30M | 127.00M | 242.30M | 219.90M | 122.70M | 36.00M | 71.60M | 89.60M | 67.90M |
| Income Before Tax Ratio | 0.38% | 2.65% | 1.93% | 1.22% | 2.02% | 0.00% | 3.53% | 5.92% | 1.97% | 4.05% | -0.52% | 4.59% | 2.80% | 1.69% | 3.77% | 4.60% | 5.38% | -4.53% | 3.02% | 4.37% | 9.74% | 10.52% | 6.36% | 1.94% | 4.11% | 5.60% | 5.62% |
| Income Tax Expense | 18.10M | 20.10M | 2.00M | 5.00M | 21.40M | 16.10M | 24.90M | 11.80M | 13.70M | 14.30M | 17.50M | 12.20M | 5.70M | -700.00K | -12.80M | 4.80M | 1.40M | -500.00K | -8.30M | -12.20M | 15.90M | 18.60M | 26.50M | 2.90M | 14.70M | 12.20M | 13.70M |
| Net Income | -11.40M | 98.60M | 80.00M | 49.20M | 66.50M | -21.90M | 120.80M | 225.10M | 62.40M | 142.40M | -37.30M | 143.20M | 92.50M | 62.20M | 143.90M | 157.70M | 179.80M | -145.10M | 106.60M | 139.20M | 226.40M | 195.20M | 96.20M | 33.10M | 56.90M | 59.30M | 43.80M |
| Net Income Ratio | -0.26% | 2.22% | 1.88% | 1.17% | 1.48% | -0.49% | 2.96% | 5.61% | 1.54% | 3.63% | -1.01% | 4.19% | 2.58% | 1.75% | 4.12% | 4.47% | 5.34% | -4.51% | 3.27% | 4.79% | 9.10% | 9.34% | 4.99% | 1.78% | 3.26% | 3.71% | 3.62% |
| EPS | -0.24 | 2.06 | 1.68 | 1.03 | 1.38 | -0.45 | 2.40 | 4.37 | 1.18 | 2.54 | -0.66 | 2.47 | 1.57 | 1.03 | 2.26 | 2.49 | 3.07 | -2.51 | 1.90 | 2.42 | 4.00 | 3.52 | 1.79 | 0.62 | 1.06 | 1.10 | 0.70 |
| EPS Diluted | -0.24 | 2.06 | 1.68 | 1.03 | 1.37 | -0.45 | 2.39 | 4.33 | 1.17 | 2.53 | -0.66 | 2.46 | 1.56 | 1.02 | 2.26 | 2.48 | 3.06 | -2.51 | 1.90 | 2.41 | 3.95 | 3.45 | 1.77 | 0.62 | 1.06 | 1.10 | 0.70 |
| Weighted Avg Shares Out | 47.98M | 47.79M | 47.51M | 47.57M | 48.29M | 48.63M | 50.25M | 51.51M | 52.75M | 55.97M | 56.39M | 57.94M | 58.89M | 60.54M | 63.57M | 63.34M | 58.49M | 57.82M | 57.93M | 57.49M | 56.54M | 55.45M | 53.86M | 53.76M | 53.76M | 53.63M | 12.77M |
| Weighted Avg Shares Out (Dil) | 47.98M | 47.94M | 47.70M | 47.66M | 48.39M | 48.63M | 50.59M | 51.96M | 53.20M | 56.35M | 56.43M | 58.12M | 59.16M | 60.71M | 63.67M | 63.61M | 58.77M | 57.82M | 58.08M | 57.80M | 57.35M | 56.54M | 54.41M | 53.76M | 53.81M | 53.77M | 12.77M |
Fresh Del Monte Produce: A Little More Upside Is Warranted From Here
Fresh Del Monte Produce continues to generate generally attractive sales and earnings growth. Although 2022 as a whole is a rather mixed year so far, the third quarter reported by the company was particularly robust.
Fresh Del Monte beats earnings expectations as 'inflation-justified' price increases provide a boost
Fresh Del Monte Produce Inc. FDP, -0.31% reported Wednesday third-quarter profit and sales that rose above expectations, as "inflation-justified" price increases of fresh-cut fruits helped offset lower sales of avocados and fresh-cut vegetables. Net income jumped to $33.3 million, or...
Fresh Del Monte Produce Inc. Reports Strong Third Quarter 2022 Results Despite Continued Macroeconomic Headwinds
CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), ("Fresh Del Monte" or the "Company") today reported financial results for the third quarter ended September 30, 2022. Financial highlights for the third quarter 2022: Fresh Del Monte Produce Inc....
Fresh Del Monte Highlights Advancements Toward Reaching 2030 Sustainability Goals
MIAMI--(BUSINESS WIRE)--Fresh Del Monte Produce Inc., one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruit and vegetables, released today its 2021 Sustainability Report, reporting for the first time in alignment with the...
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MIAMI--(BUSINESS WIRE)--Network Shipping Ltd. (NWS), the ocean logistics arm of Fresh Del Monte, in partnership with Grydd Inc., is streamlining and ensuring nearly 100% compliance in its shipping operation by digitizing and automating with Grydd's technology. The move comes as...
Fresh Del Monte Produce Still Has Some Flavor In It
Fresh Del Monte Produce has fared really well compared to the broader market in recent months. This comes as a result of attractive sales growth, but weak bottom line results.
Fresh Del Monte Produce Inc. (FDP) CEO Mohammad Abu-Ghazaleh on Q2 2022 Results - Earnings Call Transcript
Fresh Del Monte Produce, Inc. (NYSE:FDP ) Q2 2022 Earnings Conference Call August 3, 2022 10:00 AM ET Company Participants Ana Miranda - Vice President, Global FP&A and Investor Relations Mohammad Abu-Ghazaleh - Chairman and Chief Executive Officer Monica Vicente...
Fresh Del Monte Produce Inc. Reports Strong Second Quarter 2022 Net Sales Amidst Unprecedented Cost Pressures
CORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), ("Fresh Del Monte" or the "Company") today reported financial results for the second quarter ended July 1, 2022. Financial highlights for the second quarter 2022: Fresh Del Monte Produce Inc....
Source: https://incomestatements.info
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