---
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"
generated_at: "2026-06-02T23:47:16.309013+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fresh Del Monte Q1 2024: EPS $0.55 vs $0.81; fresh/value-added revenue up 5%

## Summary
- 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).

## SEC filing metadata
- 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
- 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/1047340/000104734024000121/0001047340-24-000121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1047340/000104734024000121/fdp-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001047340-24-000121
- JSON: https://secwatch.observer/filing/0001047340-24-000121.json
- Plain text: https://secwatch.observer/filing/0001047340-24-000121.txt

## Key facts
- Earnings Releases
  FRESH DEL MONTE PRODUCE INC reported the first quarter ended March 29, 2024 results: revenue $1,107.9 million, net income $26.1 million.
  - Period: the first quarter ended March 29, 2024
  - Revenue: $1,107.9 million
  - Net income: $26.1 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1047340/000104734024000121/0001047340-24-000121-index.htm

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