Fresh Del Monte Q1 revenue falls 4.9% on divestiture, lower avocado prices

Del Monte

05/05/2026 11:21

Overview

Produce distributor's Q1 revenue fell 4.9% yr/yr, impacted by Mann Packing divestiture and lower avocado prices

Adjusted EPS for Q1 was $0.63, with reported EPS at $0.21

Gross profit declined due to higher costs, supply chain disruptions, and Middle East conflict

Outlook

Fresh Del Monte expects benefits from Del Monte Foods acquisition to strengthen growth platform

Result Drivers

MANN PACKING DIVESTITURE - Lower net sales and gross profit in fresh and value-added products were primarily due to the divestiture of Mann Packing in Q4 2025

AVOCADO OVERSUPPLY - Lower per-unit selling prices in the avocado product line, due to industry-wide oversupply, contributed to revenue decline

SUPPLY CHAIN & GEOPOLITICAL DISRUPTIONS - Gross profit was negatively impacted by supply chain disruptions in the Strait of Hormuz and the Middle East conflict, as well as higher production and procurement costs

Company press release: ID:nBw4y6p40a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$1.04 bln
$1.03 bln (1 Analyst)
Q1 Net Income
$10.70 mln
Q1 Gross Profit
$89 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The one available analyst rating on the shares is "buy"

Wall Street's median 12-month price target for Fresh Del Monte Produce Inc is $52.00, about 28.9% above its May 4 closing price of $40.35

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)