Recap: Fresh Del Monte Produce Q3 Earnings

Shares of Fresh Del Monte Produce FDP were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share were flat 0.00% year over year to $0.35, which beat the estimate of $0.34.

Revenue of $989,700,000 declined by 7.50% from the same period last year, which missed the estimate of $1,020,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Fresh Del Monte Produce hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 28, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Finvestorrelations.freshdelmonte.com%2F&eventid=2622589&sessionid=1&key=400800BFE6666A2C6974EF6E8CBB7189&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $37.47

52-week low: $20.25

Price action over last quarter: Up 3.35%

Company Overview

Fresh Del Monte Produce Inc produces, markets, and distributes fresh fruit and vegetables internationally. Additionally, it prepares and distributes juices, beverages, and snacks. The products are shipped to retail stores, foodservice operators, wholesalers, and other distributors. The company owns a trucking company and uses asset-based carriers to deliver by land, and utilizes its fleet of ships mixed with chartered refrigerated vessels to deliver by sea. Fresh Del Monte Produce incorporates a worldwide salesforce to conduct selling and marketing, and has strategically constructed distribution centers around the world to deliver its products. It operates in three segments: Fresh and value-added products; Bananas: and Other products and services.