Fresh Del Monte Produce Reports Slight Rise in Net Sales and Higher Gross Margin

Reuters10-29
Fresh Del Monte Produce Reports Slight Rise in Net Sales and Higher Gross Margin

Fresh Del Monte Produce Inc. reported adjusted net sales of $959.5 million for the quarter ended September 26, 2025, compared to $946.4 million in the same period of 2024. Adjusted net sales for the nine months ended September 26, 2025, were $3,129.3 million, up from $3,038.6 million in the previous year. The company posted a net loss income margin of (2.8)% for the quarter, compared to a net income margin of 4.1% in the same quarter of 2024. For the nine-month period, net income margin was 1.8%, down from 3.7% in 2024. Adjusted net income margin for the quarter was 3.4%, compared to 4.5% in the previous year. For the nine months, adjusted net income margin was 4.5%, slightly higher than 4.1% in 2024. EBITDA margin for the quarter was (0.2)% compared to 7.4% in the prior-year period. For the nine months, EBITDA margin was 4.7%, down from 6.9% in 2024. Adjusted EBITDA margin for the quarter was 6.0%, compared to 7.5% in 2024, while for the nine months it was 7.3%, compared to 7.0% in the previous year. Net (loss) income attributable to Fresh Del Monte Produce Inc. for the quarter was $(29.1) million, compared to $42.1 million in the same quarter of 2024. For the nine months ended September 26, 2025, net income was $58.8 million, down from $121.8 million for the nine months ended September 27, 2024. Diluted earnings per share for the nine-month period were $1.22, compared to $2.54 in the previous year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fresh Del Monte Produce Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251029108299) on October 29, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment