{"schema_version":"secwatch.filing_event.v1","accession":"0001047340-24-000121","form_type":"8-K","ticker":"FDP","cik":"0001047340","company_name":"FRESH DEL MONTE PRODUCE INC","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.030242+00:00","generated_at":"2026-06-02T23:47:16.309013+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Fresh Del Monte Q1 2024: EPS $0.55 vs $0.81; fresh/value-added revenue up 5%","bullets":["Net sales $1,107.9M (-1.8% YoY); net income attributable to FDP $26.1M (-33%) or $0.55 per diluted share.","Fresh/value-added segment revenue up 5% to $676.8M, gross margin improved to 8.3% (7.3% prior). Avocado revenue +23%.","Banana net sales down 11% to $379.5M; gross margin halved to 5.7% due to service issues and competitive pressures.","Operating cash flow $18.7M vs $15.5M; long-term debt reduced to $400.0M from $472.7M.","Quarterly dividend raised to $0.25/share from $0.15/share (67% increase)."],"urls":{"canonical":"https://secwatch.observer/filing/0001047340-24-000121","json":"https://secwatch.observer/filing/0001047340-24-000121.json","markdown":"https://secwatch.observer/filing/0001047340-24-000121.md","text":"https://secwatch.observer/filing/0001047340-24-000121.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1047340/000104734024000121/0001047340-24-000121-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1047340/000104734024000121/fdp-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T23:47:16.309013+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9b5857aa4e6ccf2728438e0f606af27238e3a111","claim":"FRESH DEL MONTE PRODUCE INC reported the first quarter ended March 29, 2024 results: revenue $1,107.9 million, net income $26.1 million.","evidence_excerpt":"believe we are well-positioned to generate sustainable value for our shareholders.” Financial highlights for the first quarter 2024: Net sales for the first quarter of 2024 were $1,107.9 million compared with $1,128.5 million in the prior-year period. The decrease in net sales was a result of lower banana net sales, driven by lower volume and pricing, and lower net sales","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1047340/000104734024000121/0001047340-24-000121-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 29, 2024"},{"label":"Revenue","value":"$1,107.9 million"},{"label":"Net income","value":"$26.1 million"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}