---
schema_version: "secwatch.filing_event.v1"
accession: "0001047340-22-000230"
form_type: "8-K"
ticker: "FDP"
cik: "0001047340"
company_name: "FRESH DEL MONTE PRODUCE INC"
filed_at: "2022-08-03T23:59:59+00:00"
generated_at: "2026-06-24T04:47:56.740892+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Fresh Del Monte Q2 net sales up 6% but net income halved; gross margin drops to 6.7%

## Summary
- Diluted EPS $0.44 vs $0.99; adjusted EPS $0.43 vs $0.98; net income $21.2M vs $47.2M.
- Net sales $1,211.9M (+$70.3M, +6% YoY) driven by pricing; cost of products sold rose $100M.
- Banana gross margin fell to 5.3% from 11.3% on higher freight and production costs.
- Dividend declared $0.15/share, payable Sept 9, 2022 to holders of record Aug 17.
- Adjusted EBITDA $55.7M vs $83.6M; margin 4.6% vs 7.3% as cost pressures persisted.

## SEC filing metadata
- accession: 0001047340-22-000230
- form_type: 8-K
- ticker: FDP
- cik: 0001047340
- company_name: FRESH DEL MONTE PRODUCE INC
- filed_at: 2022-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1047340/000104734022000230/0001047340-22-000230-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1047340/000104734022000230/fdp-20220803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001047340-22-000230
- JSON: https://secwatch.observer/filing/0001047340-22-000230.json
- Plain text: https://secwatch.observer/filing/0001047340-22-000230.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.