Produce distributor Fresh Del Monte Q3 revenue misses analyst expectations

Del Monte

29/10/2025 10:08

Corrects EPS in Key Details table to -$0.61, from $0.61

Overview

Fresh Del Monte Q3 revenue misses analyst expectations

Company reports Q3 net loss of $29.1 mln due to higher costs and impairments

Company to divest Mann Packing to focus on higher-margin products

Outlook

Fresh Del Monte plans to divest Mann Packing in Q4 2025

Company exits underperforming banana operations to boost productivity

Result Drivers

HIGHER BANANA PRICES - Co attributes increased net sales to higher per-unit selling prices in banana segment and favorable exchange rate impacts

COST CHALLENGES - Higher production and procurement costs in banana segment impacted gross profit

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$1.02 bln
$1.04 bln (1 Analyst)
Q3 EPS
-$0.61
Q3 Net Income
-$28.10 mln
Q3 Gross Profit
$80.80 mln


Analyst Coverage

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

The average consensus recommendation for the fishing & farming peer group is "buy"

Wall Street's median 12-month price target for Fresh Del Monte Produce Inc is $46.00, about 25.3% above its October 28 closing price of $34.36

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

Press Release: ID:nBw2qnpZ0a

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