Fresh Del Monte Produce Q3 profit rises to $42.1 million on higher sales
Fresh Del Monte Produce reported third-quarter 2024 results for the quarter ended September 27, 2024, with net sales of $1,019.5 million, up from $1,003.1 million a year earlier. Net income attributable to the company rose to $42.1 million, or $0.88 per diluted share, from $8.4 million, or $0.17, helped by higher fresh and value-added product sales and larger gains on asset sales. Banana segment sales fell, and the filing contains no forward guidance.
Key points
- Net sales were $1,019.5 million versus $1,003.1 million in the prior-year quarter.
- Net income attributable to Fresh Del Monte Produce was $42.1 million, versus $8.4 million a year earlier.
- Diluted EPS was $0.88, compared with $0.17; gross margin was 9.2%, compared with 7.4%.
- Banana segment net sales fell to $345.3 million from $384.7 million; the board declared a $0.25 quarterly dividend payable December 6, 2024.
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 31, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.