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Fresh Del Monte Produce Inc

Del Monte Corporation, 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. The company was formerly known as Fresh Del Monte Produce Inc. and changed its name to Del Monte Corporation in June 2026. Del Monte Corporation was founded in 1886 and is based in George Town, the Cayman Islands.

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Fresh Del Monte Produce beats Q2 EPS estimates but misses on revenue

Fresh Del Monte Produce reported second-quarter non-GAAP earnings per share of $0.72, beating analyst expectations by $0.19. Revenue came in at $1.22 billion, a 3.4% increase year-over-year, but fell short of estimates by $80 million.
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Del Monte Faces $40M-$45M Freight Cost Surge While Expanding Pineapple Line

Del Monte is confronting an estimated $40 million to $45 million in additional ocean freight costs, including fuel and war-related surcharges, driven by Middle East tensions, with the impact expected from the second quarter through at least mid-September 2026. The company is simultaneously advancing its global pineapple product development, emphasizing premium varieties like Pinkglow and Honeyglow to support pricing and margins. The stock has declined 21.0% year to date to $27.91, though it is up 20.4% over three years. Analysts have flagged thin profit margins of 1.6% and structural cost concerns, making the balance between cost management and product momentum a key focus for investors.
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Fresh Del Monte Produce SVP Jorge Pelaez Reyes Sells 2,622 Shares for $87,000

Fresh Del Monte Produce Senior Vice President for Central America Jorge Pelaez Reyes sold 2,622 shares of the company on May 28, 2026, in a transaction valued at approximately $87,000. The sale was executed at a weighted average price of $33.19 per share, according to a Securities and Exchange Commission Form 4 filing. Following the transaction, Pelaez Reyes retains 4,838 directly held common shares, representing about 32.1% of his pre-transaction direct holdings. This marks his third open-market sale since June 2023, with prior sales of 5,417 and 2,214 shares. Fresh Del Monte Produce, a global supplier of fresh and value-added produce, reported trailing twelve-month revenue of $4.27 billion and net income of $69.60 million.
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Canada imposes temporary 10% safeguard tariff on canned vegetable imports

Canada has imposed a temporary 10% safeguard tariff on imports of canned vegetables to protect domestic growers and food processors. The measure took effect on June 19 and will remain in place for up to 200 days, following an investigation into possible trade diversion. The tariff does not apply to imports from the United States, Mexico, Israel, Chile, or developing countries, in compliance with Canada's international trade obligations. The action comes amid concerns that shifting global trade flows could increase canned vegetable imports and harm domestic producers.
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