FRESH DEL MONTE PRODUCE (FDP) Company Report

Fresh Del Monte Produce Inc. (FDP) has been named the successful bidder to acquire select assets of Del Monte Foods Corporation II Inc. and its affiliates for a purchase price of $285 million, plus the assumption of certain liabilities.
The transaction, which aims to reunify the Del Monte brand under a single owner for the first time in nearly four decades, is subject to court approval and applicable regulatory clearances.
The sale hearing is scheduled for January 28, 2026, with closing expected by the end of the first quarter of 2026.
Fresh Del Monte intends to finance the acquisition through a combination of cash on hand and availability under its revolving credit facility.

Jan 15, 2026, 9:32 PM

8-K

Fresh Del Monte Selected as Successful Bidder for Del Monte Foods Assets

FDP

M&A

New Projects/Investments

Fresh Del Monte Produce Inc. (FDP) has been selected as the successful bidder to acquire select assets of Del Monte Foods Corporation II Inc. for $285 million, plus assumed liabilities, in a court-supervised sale.
The acquisition aims to reunify the Del Monte brand under a single owner, creating a multi-category food platform and strengthening brand consistency.
The acquired assets include prepared and packaged foods businesses, an operational footprint in the U.S., Mexico, and Venezuela, and global ownership of the Del Monte® brand, while excluding certain canned fruit and broth businesses.
The transaction is subject to court approval and regulatory clearances, with the sale hearing scheduled for January 28, 2026, and closing expected by the end of the first quarter of 2026. Fresh Del Monte plans to finance the acquisition through cash on hand and its revolving credit facility.

Jan 15, 2026, 1:00 PM

Press Release

Fresh Del Monte Produce Announces Q3 2025 Results, Strategic Divestiture, and Banana Segment Challenges

FDP

Earnings

Guidance Update

M&A

Fresh Del Monte Produce reported Q3 2025 adjusted net income of $33 million and adjusted diluted earnings per share of $0.69, on adjusted net sales of $960 million.
The company is divesting Mann Packing for $19 million plus inventory, resulting in an $18 million impairment charge, and recorded an additional $37 million impairment for underperforming banana farms in the Philippines, contributing to a total $56 million in impairment and other charges.
The Fresh and Value-Added Product segment showed strong performance with an adjusted gross margin of 13.9% , while the Banana segment's gross margin decreased to 1.3% due to higher production and procurement costs and disease-related challenges.
For the full year 2025, net sales growth is expected to be approximately 2%, and the Banana segment's gross margin is projected to approach 4%.
The company repurchased 200,000 shares for $7 million and declared a quarterly cash dividend of $0.30 per share.

Oct 29, 2025, 3:00 PM

Transcript

Fresh Del Monte Produce Inc. Reports Q3 2025 Financial Results and Strategic Actions

FDP

Earnings

M&A

Share Buyback

For Q3 2025, Fresh Del Monte Produce Inc. reported Net Sales of $1,022M, Adjusted Diluted EPS of $0.69, and Adjusted EBITDA of $58M.
The company signed an agreement to divest Mann Packing to sharpen its focus on higher-margin products and exited underperforming banana farms in the Philippines.
The Fresh and Value-Added Products segment drove gross margin expansion, with the pineapple program being a standout. In contrast, the Banana segment's gross profit decreased to $5M due to higher production and procurement costs and the impact of diseases like TR4 and Black Sigatoka, which led to a 22% year-over-year decline in Costa Rica's industry production.
FDP declared a dividend of $0.30/share and repurchased 201,514 shares for $7.2M under its share repurchase program.

Oct 29, 2025, 3:00 PM

Presentation

Fresh Del Monte Produce Inc. Reports Q3 2025 Financial Results

FDP

Earnings

M&A

Fresh Del Monte Produce Inc. reported Net Sales of $1,021.9 million, a net loss attributable to the company of $(29.1) million, and diluted EPS of $(0.61) for Q3 2025.
After non-GAAP adjustments, the company achieved Adjusted Net Sales of $959.5 million, Adjusted Net Income of $33.1 million, and Adjusted Diluted EPS of $0.69 for Q3 2025.
Key adjustments for Q3 2025 included $37.2 million in impairment charges related to low productivity banana farms and $17.9 million associated with the planned divestiture of Mann Packing.
The company's EBITDA was $(2.3) million, while Adjusted EBITDA was $58.0 million for Q3 2025.
As of Q3 2025, the company reported Net Debt of $89.6 million and an Adjusted Leverage Ratio of 0.33x for the trailing twelve-month period.

Oct 29, 2025, 3:00 PM

Presentation

Fresh Del Monte Reports $29.1 Million Net Loss in Q3 2025

FDP

Earnings

M&A

New Projects/Investments

Fresh Del Monte Produce Inc. reported a net loss of $29.1 million for the third quarter of 2025, despite net sales reaching approximately $1.02 billion, which was slightly up from the previous year.
The net loss was primarily influenced by higher production costs, asset impairments related to underperforming banana operations in the Philippines, and charges associated with the planned divestiture of Mann Packing.
The company is strategically shifting its focus towards its fresh and value-added products segment, which saw increased gross margins and net sales of around $610 million, while reducing underperforming operations and streamlining its portfolio.
Despite the net loss, the company reported an adjusted net income of $33.1 million and adjusted operating income of $39.7 million for the quarter, excluding asset impairments and charges.

Oct 29, 2025, 12:52 PM

Morningstar

Fresh Del Monte Produce Inc. Reports Q3 2025 Earnings and Announces Strategic Divestiture

FDP

Earnings

M&A

Share Buyback

Fresh Del Monte Produce Inc. reported a net loss of $29.1 million and diluted EPS of $(0.61) for the third quarter of 2025, with net sales reaching $1,021.9 million.
The company entered into an agreement to divest its Mann Packing Inc. business operations, with the transaction expected to close in the fourth quarter of 2025, and also exited underperforming banana farms in the Philippines.
On an adjusted basis, excluding the impact of the planned divestiture and other charges, Fresh Del Monte reported Adjusted net income of $33.1 million and Adjusted diluted EPS of $0.69 for the third quarter of 2025.
The Board of Directors declared a quarterly cash dividend of $0.30 per share, and the company repurchased 201,514 shares for $7.2 million during the third quarter of 2025.

Oct 29, 2025, 10:07 AM

8-K

Fresh Del Monte Produce Inc. Reports Third Quarter Fiscal 2025 Earnings

FDP

Earnings

M&A

Share Buyback

Fresh Del Monte Produce Inc. reported net sales of $1,021.9 million for the third quarter of 2025. The company recorded a net loss of $29.1 million, resulting in $(0.61) diluted EPS, primarily due to $55.5 million in asset impairment and other charges. Adjusted net income for the quarter was $33.1 million, or $0.69 diluted EPS.
The company entered into an agreement to divest its Mann Packing Inc. business operations, with the transaction expected to close in the fourth quarter of 2025, and exited underperforming banana operations in the Philippines to optimize its portfolio and focus on higher-margin categories.
During the third quarter of 2025, Fresh Del Monte Produce Inc. repurchased 201,514 shares of common stock for $7.2 million at an average price of $35.55 per share.

Oct 29, 2025, 10:00 AM

Press Release

Fresh Del Monte Sells Mann Packing Assets to Church Brothers Farms

FDP

M&A

New Projects/Investments

Fresh Del Monte Produce Inc. (FDP) has entered an agreement to sell and transfer key assets from its Mann Packing business to Church Brothers Farms.
This strategic divestiture allows Fresh Del Monte to concentrate on its core products and higher-margin, value-added segments, aiming for enhanced operational efficiency and an optimized margin profile.
Church Brothers Farms will assume operations at Mann Packing’s Gonzales, Calif. facility, leveraging it to expand its integrated supply network and strengthen its retail presence.