secwatch.observer — SEC 8-K summary
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Issuer:     FRESH DEL MONTE PRODUCE INC (FDP)
CIK:        0001047340
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001047340-23-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fresh Del Monte Q4 net income $18.3M vs loss; full-year EPS $2.06, up 23% YoY
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- Q4 net sales $1,040M (+2% YoY); gross profit $81.7M vs $39.8M; net income $18.3M vs loss of $11.2M.
- Full-year net sales $4,442M (+4%); net income $98.6M vs $80.0M; diluted EPS $2.06 vs $1.68.
- Banana segment Q4 gross margin improved to 9.4% from 2.5% on higher pricing and strategic sourcing.
- Other products & services (ocean freight) Q4 net sales up 24% to $59.3M; gross profit $9.5M vs $2.6M.
- Quarterly dividend $0.15/share declared, payable March 31, 2023; unchanged from prior quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047340/000104734023000007/0001047340-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047340/000104734023000007/fdp-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001047340-23-000007

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