Fresh Del Monte reports Q3 net loss of $29.1M; divests Mann Packing, exits Philippine banana farms

FRESH DEL MONTE PRODUCE INC

2025-Q3 EPS reported $1.22 revenue$3,302,800,000

Net loss $29.1M (diluted EPS -$0.61) vs net income $42.1M ($0.88) in prior year.
Net sales $1,021.9M, nearly flat YoY; gross margin fell to 7.9% from 9.2%.
Banana segment gross margin collapsed to 1.3% (from 6.2%) on higher production costs and weather.
Agreement to divest Mann Packing; expected close Q4 2025; adjusted gross margin ex-Mann was 9.2%.
Quarterly dividend raised to $0.30/share from $0.25; $0.90 declared year-to-date.

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