Fresh Del Monte swings to $29.1 million Q3 loss on impairment charges
Fresh Del Monte Produce reported third-quarter 2025 results for the quarter ended September 26, 2025. Net sales edged up to $1,021.9 million, but the company posted a net loss attributable to Fresh Del Monte of $29.1 million, or $0.61 per diluted share, compared with net income of $42.1 million, or $0.88 per share, a year earlier, largely because of $55.5 million in asset impairment and other charges. The company also agreed to divest Mann Packing, with the transaction expected to close in the fourth quarter of 2025.
Key points
- Net sales were $1,021.9 million, up from $1,019.5 million in the third quarter of 2024.
- Net loss attributable to Fresh Del Monte was $29.1 million, or $0.61 per diluted share, versus net income of $42.1 million, or $0.88 per share, a year earlier.
- Asset impairment and other charges, net, were $55.5 million, including $37.2 million tied to low-productivity banana farms in the Philippines.
- The board declared a quarterly cash dividend of $0.30 per share, payable December 5, 2025, to holders of record on November 12, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:58 AM ET, from the text of the filing and its press-release exhibits 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 29, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.