Fresh Del Monte Swings to 3Q Loss As It Pulls Back From Banana Farms

Dow Jones10-29

By Nicholas G. Miller

Fresh Del Monte Produce swung to a third-quarter loss as it incurred charges related to its decision to pull back from some of its banana farms in the Philippines.

The fruit and vegetable company reported a loss of $29.1 million, or 61 cents a share, down from a profit of $42.1 million, or 88 cents a share, the year prior.

Adjusted net income was $33.1 million.

The company reported sales of $1.02 billion, even with last year, and said that its sales were boosted by higher per-unit selling prices in its banana segment partially as a result of tariff-related price hikes.

The company said it decided to exit underperforming banana operations in the Philippines and divest its Mann Packing business operations, with the transaction expected to close in the fourth quarter.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

October 29, 2025 06:17 ET (10:17 GMT)

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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Fresh Del Monte Produce swung to a third-quarter loss as it incurred charges related to its decision to pull back from some of its banana farms in the Philippines. \n</p>\n<p>\n  The fruit and vegetable company reported a loss of $29.1 million, or 61 cents a share, down from a profit of $42.1 million, or 88 cents a share, the year prior. \n</p>\n<p>\n  Adjusted net income was $33.1 million. \n</p>\n<p>\n  The company reported sales of $1.02 billion, even with last year, and said that its sales were boosted by higher per-unit selling prices in its banana segment partially as a result of tariff-related price hikes. \n</p>\n<p>\n  The company said it decided to exit underperforming banana operations in the Philippines and divest its Mann Packing business operations, with the transaction expected to close in the fourth quarter. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 29, 2025 06:17 ET (10:17 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FDP","symbol_name":"戴尔蒙特新鲜制造","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2579976636","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579976636","pubTimestamp":1761733020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Fresh Del Monte Produce swung to a third-quarter loss as it incurred charges related to its decision to pull back from some of its banana farms in the Philippines.The fruit and vegetable company reported a loss of $29.1 million, or 61 cents a share, down from a profit of $42.1 million, or 88 cents a share, the year prior.The company reported sales of $1.02 billion, even with last year, and said that its sales were boosted by higher per-unit selling prices in its banana segment partially as a result of tariff-related price hikes.The company said it decided to exit underperforming banana operations in the Philippines and divest its Mann Packing business operations, with the transaction expected to close in the fourth quarter.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FDP":"戴尔蒙特新鲜制造","BK4189":"农产品"},"translate_title":"Fresh Del Monte退出香蕉农场，第三季度出现亏损","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FDP":0.9},"content_text":"By Nicholas G. Miller \n\n\n \n\n\n  Fresh Del Monte Produce swung to a third-quarter loss as it incurred charges related to its decision to pull back from some of its banana farms in the Philippines. \n\n\n  The fruit and vegetable company reported a loss of $29.1 million, or 61 cents a share, down from a profit of $42.1 million, or 88 cents a share, the year prior. \n\n\n  Adjusted net income was $33.1 million. \n\n\n  The company reported sales of $1.02 billion, even with last year, and said that its sales were boosted by higher per-unit selling prices in its banana segment partially as a result of tariff-related price hikes. \n\n\n  The company said it decided to exit underperforming banana operations in the Philippines and divest its Mann Packing business operations, with the transaction expected to close in the fourth quarter. \n\n\n \n\n\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 29, 2025 06:17 ET (10:17 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2579976636","isCrawlerRequest":true}