---
schema_version: "secwatch.filing_event.v1"
accession: "0001047340-24-000012"
form_type: "8-K"
ticker: "FDP"
cik: "0001047340"
company_name: "FRESH DEL MONTE PRODUCE INC"
filed_at: "2024-02-26T23:59:59+00:00"
generated_at: "2026-06-05T14:26:06.785820+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fresh Del Monte Q4 net loss $106.4M ($2.22/share) on $1.01B revenue; exploring Mann Packing sale; dividend up 25%

## Summary
- Q4 GAAP net loss $106.4M ($2.22 basic EPS) vs prior-year net income $18.3M; adjusted net income $11.8M.
- Full-year 2023 adjusted net income $101.7M, up from $94.3M; GAAP net loss $11.4M due to $143.4M impairments.
- Banana segment full-year gross margin improved 250 bps to 10.0%; overall gross margin 8.1% vs 7.7%.
- Long-term debt reduced $140M (26%) to $400M; quarterly dividend raised 25% to $0.25/share.
- Exploring strategic alternatives for Mann Packing after $133.8M non-cash impairment charge in Q4.

## SEC filing metadata
- accession: 0001047340-24-000012
- form_type: 8-K
- ticker: FDP
- cik: 0001047340
- company_name: FRESH DEL MONTE PRODUCE INC
- filed_at: 2024-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1047340/000104734024000012/0001047340-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1047340/000104734024000012/fdp-20240226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001047340-24-000012
- JSON: https://secwatch.observer/filing/0001047340-24-000012.json
- Plain text: https://secwatch.observer/filing/0001047340-24-000012.txt

## Key facts
- Earnings Releases
  FRESH DEL MONTE PRODUCE INC reported financial results for the fourth quarter and full fiscal year ended December 29, 2023.
  - Period: the fourth quarter and full fiscal year ended December 29, 2023
  - Result: reported results
  source text: On February 26, 2024 , Fresh Del Monte Produce Inc. announced its financial results for the fourth quarter and full year 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047340/000104734024000012/0001047340-24-000012-index.htm

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