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, North Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services. The company offers pineapples, fresh-cut fruit, fresh-cut vegetables, and fresh-cut salads; melons, vegetables, and non-tropical fruit, such as grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries, and kiwis; other fruit and vegetables, and avocados; prepared food, including prepared fruit and vegetables, juices, other beverages, and meals and snacks. It also markets bananas; and provides third-party freight and logistics service business; poultry and meats business; and specialty ingredients business. The company offers its products under the Del Monte brand, as well as under other brands, such as UTC, Rosy, Just Juice, Fruitini, Pinkglow, Del Monte Zero, Honeyglow, Rubyglow, Honey Miniglow, Bananinis, Mann, Mann's Logo, Broccolini, Caulilini, 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, the Cayman Islands.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.3B | $215M | $91M | $181M | 4.5% | 1.0% | -36.2% |
| 2024 | $4.3B | $268M | $142M | $131M | 7.1% | -0.9% | -1347.4% |
| 2023 | $4.3B | $125M | $-11M | $120M | -0.6% | -2.7% | -111.6% |
| 2022 | $4.4B | $235M | $99M | $14M | 5.2% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 4,442.30 | 4,320.70 | 4,280.20 | 4,322.30 |
| Operating Revenue | - | 4,442.30 | 4,320.70 | 4,280.20 | 4,322.30 |
| Cost Of Revenue | - | 4,102.10 | 3,970 | 3,922.30 | 3,923.20 |
| Gross Profit | - | 340.20 | 350.70 | 357.90 | 399.10 |
| Operating Expense | - | 186.80 | 186.70 | 196.90 | 212.70 |
| Selling General And Administration | - | 186.80 | 186.70 | 196.90 | 212.70 |
| Total Expenses | - | 4,288.90 | 4,156.70 | 4,119.20 | 4,135.90 |
| Operating Income | - | 153.40 | 164 | 161 | 186.40 |
| Total Operating Income As Reported | - | 156.30 | 58.50 | 196.30 | 137.40 |
| EBITDA | - | 234.70 | 125.40 | 267.60 | 214.60 |
| Normalized EBITDA | - | 231.80 | 230.90 | 232.30 | 263.60 |
| EBIT | - | 142.20 | 40.60 | 189.10 | 142.10 |
| Interest Income | - | 0.70 | 1.40 | 1.20 | 1.80 |
| Interest Expense | - | 24.40 | 24.10 | 18.40 | 11.20 |
| Net Interest Income | - | -23.70 | -22.70 | -17.20 | -9.40 |
| Other Non Operating Income Expenses | - | -14.80 | -18.30 | -17.60 | -10.30 |
| Other Income Expense | - | -11.90 | -124.80 | 26.90 | -46.10 |
| Interest Income Non Operating | - | 0.70 | 1.40 | 1.20 | 1.80 |
| Interest Expense Non Operating | - | 24.40 | 24.10 | 18.40 | 11.20 |
| Net Non Operating Interest Income Expense | - | -23.70 | -22.70 | -17.20 | -9.40 |
| Pretax Income | - | 117.80 | 16.50 | 170.70 | 130.90 |
| Tax Provision | - | 20.10 | 18.10 | 29.10 | 37.40 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.49 | -22.16 | 6.02 | -14 |
| Net Income Continuous Operations | - | 97.70 | -1.60 | 141.60 | 93.50 |
| Net Income From Continuing And Discontinued Operation | - | 98.60 | -11.40 | 142.20 | 90.70 |
| Net Income From Continuing Operation Net Minority Interest | - | 98.60 | -11.40 | 142.20 | 90.70 |
| Net Income | - | 98.60 | -11.40 | 142.20 | 90.70 |
| Net Income Common Stockholders | - | 98.60 | -11.40 | 142.20 | 90.70 |
| Net Income Including Noncontrolling Interests | - | 97.70 | -1.60 | 141.60 | 93.50 |
| Normalized Income | - | 96.19 | 71.94 | 112.92 | 125.70 |
| Diluted NI Availto Com Stockholders | - | 98.60 | -11.40 | 142.20 | 90.70 |
| Basic Average Shares | - | 47.79 | 47.98 | 47.88 | 47.85 |
| Diluted Average Shares | - | 47.94 | 47.98 | 48.04 | 48.15 |
| Reconciled Depreciation | - | 92.50 | 84.80 | 78.50 | 72.50 |
| Reconciled Cost Of Revenue | - | 4,102.10 | 3,970 | 3,922.30 | 3,923.20 |
| Total Unusual Items | - | 2.90 | -105.50 | 35.30 | -49 |
| Total Unusual Items Excluding Goodwill | - | 2.90 | -105.50 | 35.30 | -49 |
| Minority Interests | - | 0.90 | -9.80 | 0.60 | -2.80 |
| Special Income Charges | - | 2.90 | -105.50 | 35.30 | -49 |
| Other Special Charges | - | - | - | - | 0.60 |
| Write Off | - | -4.80 | 143.40 | 4.20 | 1.20 |
| Impairment Of Capital Assets | 0 | - | - | 3.60 | 57.50 |
| Restructuring And Mergern Acquisition | - | - | - | 0.50 | - |
| Gain On Sale Of Ppe | - | -1.90 | 37.90 | 39.50 | 10.30 |
| Earnings From Equity Interest | - | - | -1 | 9.20 | 13.20 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Fresh Del Monte Produce Inc.this co. | FDP | $1.4B | 15.41β discount | 0.69 | 4.5% | 7.97 |
| Ingles Markets, Incorporated | IMKTA | $1.7B | 19.80 | 1.02 | 5.2% | 7.26 |
| Newell Brands Inc. | NWL | $1.6B | -5.73 | 0.68 | -11.9% | 20.08 |
| Lincoln Educational Services Corporation | LINC | $1.6B | 80.26 | 8.04 | 10.0% | 36.58 |
| Coursera, Inc. | COUR |
| - |
| - |
| - |
| - |
| - |
| - |
| $1.6B |
| -31.27 |
| 2.51 |
| -8.0% |
| - |
| J&J Snack Foods Corp. | JJSF | $1.4B | 21.22 | 1.44 | 6.8% | 8.99 |
| Dole plc | DOLE | $1.3B | 25.83 | 0.97 | 3.8% | 6.63 |
| Universal Corporation | UVV | $1.3B | 40.37 | 0.93 | 2.3% | 9.54 |
| Herbalife Ltd. | HLF | $1.2B | 5.17 | -2.29 | -44.3% | 4.93 |
| Peer Median | - | 20.51 | 1.00 | 3.0% | 8.99 | |