Stock Track | Fresh Del Monte Plunges 9.78% Pre-market on Q3 Loss and Strategic Divestitures

Stock Track10-29

Shares of Fresh Del Monte Produce (FDP) tumbled 9.78% in pre-market trading on Wednesday following the release of its third-quarter 2025 financial results. The company reported a net loss of $29.1 million, or $0.61 per share, significantly underperforming market expectations.

The fruit and vegetable distributor's revenue for the quarter came in at $1.021 billion, slightly missing analyst projections of $1.04 billion. Despite a marginal increase in overall net sales, Fresh Del Monte faced challenges with higher production and procurement costs, particularly in its banana segment. The company's gross profit decreased to $80.8 million, with the gross margin dropping to 7.9% from 9.2% in the same quarter last year.

Adding to investor concerns, Fresh Del Monte announced strategic moves that signal a significant shift in its business model. The company has entered into an agreement to divest its Mann Packing business, expected to close in the fourth quarter of 2025. Additionally, Fresh Del Monte is exiting underperforming banana operations in the Philippines. These decisions, while aimed at enhancing the company's margin profile and focusing on higher-margin, value-added categories, have likely contributed to the sharp stock decline as investors reassess the company's near-term prospects and long-term strategy.

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