secwatch.observer — SEC 8-K summary
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Issuer:     FRESH DEL MONTE PRODUCE INC (FDP)
CIK:        0001047340
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001047340-22-000136
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fresh Del Monte Q1 net income down 40% to $25.8M; revenue up 5% to $1.14B
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- Net sales $1,136.9M (+5% YoY); gross profit $89.8M vs $105M; FDP net income $25.8M vs $42.7M.
- Diluted EPS $0.54 vs $0.90; adjusted diluted EPS $0.55 vs $0.88.
- Banana segment gross margin fell to 9.3% from 12.0%; fresh/value-added margin to 6.6% from 8.3%.
- Dividend raised to $0.15/share from $0.10; payable June 10 to holders of record May 18.
- Management cited unprecedented inflation and supply chain constraints as primary headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047340/000104734022000136/0001047340-22-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047340/000104734022000136/fdp-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001047340-22-000136

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