secwatch.observer — SEC 8-K summary
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Issuer:     FRESH DEL MONTE PRODUCE INC (FDP)
CIK:        0001047340
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001047340-21-000305
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fresh Del Monte Q3 net income plunges to $1.3M from $17.4M; EPS $0.03 vs $0.37
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- Net sales up 2% to $1,004.8M; gross profit fell to $48.9M from $67.3M (margin 4.9% vs 6.8%).
- FDP net income of $1.3M ($0.03 diluted EPS) vs $17.4M ($0.37) in prior-year quarter.
- Adjusted EBITDA dropped to $26.2M from $51.0M; Adjusted EBITDA margin declined to 2.6% from 5.2%.
- Inflation and labor shortages drove higher costs across supply chain, particularly in banana and fresh-cut segments.
- Board declared $0.15/share quarterly dividend, payable Dec 10, 2021 to holders of record Nov 17.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047340/000104734021000305/0001047340-21-000305-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047340/000104734021000305/fdp-20211103.htm
  HTML page:      https://secwatch.observer/filing/0001047340-21-000305

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer