secwatch.observer — SEC 8-K summary
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Issuer:     FRESH DEL MONTE PRODUCE INC (FDP)
CIK:        0001047340
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001047340-23-000114
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fresh Del Monte Q1 GAAP EPS $0.81 vs $0.54; dividend raised to $0.20
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- GAAP net income $39.0M ($0.81 diluted EPS) vs $25.8M ($0.54); adjusted EPS flat at $0.55.
- Net sales down 1% to $1,128.5M; banana sales +5%, fresh & value-added -4%.
- Gross profit rose to $97.0M (8.6% margin) from $89.8M (7.9%) on higher pricing and lower distribution costs.
- Board declared quarterly dividend of $0.20/share (up from $0.15), payable June 9 to holders May 17.
- Recorded $27.5M gain on sale of three underutilized properties; $2.4M cybersecurity incident charges.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047340/000104734023000114/0001047340-23-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047340/000104734023000114/fdp-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001047340-23-000114

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