Fresh Del Monte gross profit up 53 percent
Fresh Del Monte Produce Inc. today reported financial results for the first quarter ended April 2, 2021.
Financial highlights for the first quarter of 2021:
Gross profit was $105.0 million for the first quarter of 2021, which represents an increase of 53%, compared with the prior year period, and gross profit margin increased to 10% in the first quarter of 2021, compared with 6% in the prior year period;
FDP net income(1) for the first quarter of 2021 was $42.7 million, compared with $13.0 million in the prior year period, and Diluted EPS(2) was $0.90 for the first quarter of 2021, compared with $0.27 in the prior year period;
Del Monte: Q1 Earnings Snapshot
May 5, 2021 GMT
CORAL GABLES, Fla. (AP) Fresh Del Monte Produce Inc. (FDP) on Wednesday reported first-quarter net income of $42.7 million.
On a per-share basis, the Coral Gables, Florida-based company said it had net income of 90 cents. Earnings, adjusted for non-recurring gains, came to 88 cents per share.
The food producer posted revenue of $1.09 billion in the period.
Del Monte shares have risen 20% since the beginning of the year. The stock has increased 14% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FDP at https://www.zacks.com/ap/FDP
Press release content from Business Wire. The AP news staff was not involved in its creation.
Fresh Del Monte Produce Inc. Reports First Quarter 2021 Financial Results
May 5, 2021 GMT
CORAL GABLES, Fla. (BUSINESS WIRE) May 5, 2021
Fresh Del Monte Produce Inc. (NYSE: FDP), (“Fresh Del Monte” or the “Company”) today reported financial results for the first quarter ended April 2, 2021.
Financial highlights for the first quarter of 2021:
Gross profit was $105.0 million for the first quarter of 2021, which represents an increase of 53%, compared with the prior year period, and gross profit margin increased to 10% in the first quarter of 2021, compared with 6% in the prior year period;
Del Monte Shares Rise Nearly 20% After Firm Posts 228% YoY Increase in Net Income Source:
Streetwise Reports (5/5/21) Fresh Del Monte Produce Inc. shares reached a new 52-week high after the company reported Q1/21 financial results that included a 53% in year-over-year gross profit.
Fresh-cut fruit and vegetables producer and distributor Fresh Del Monte Produce Inc. (FDP:NYSE) today announced financial results for the first quarter of 2021 ended April 2, 2021.
The company stated that in Q1/21 gross profit increased by $36.5 million (53%) to $105.0 million, versus $68.5 million in Q1/20. During the same corresponding period adjusted gross profit also increased by $30.1 million, which was 39% higher than results in the prior year s quarter.
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