Fresh Del Monte Produce - food industry company news 
US: Fresh Del Monte boosts operating income in Q3
1 November 2011
Fruit producer Fresh Del Monte Produce has posted a rise in operating income despite higher costs and unfavourable exchange rates.
US: Del Monte drops FDA lawsuit
29 September 2011
A legal row between US health bodies and fruit producer Fresh Del Monte Produce appears to have been settled.
Quote, unquote: just-food's week in words
12 September 2011
Morrisons chief executive Dalton Philips this week insisted the UK retailer had been able to adapt to the tough trading conditions in the country. In the US, PepsiCo CFO Hugh Johnston said high inflation and low growth was forcing all FMCG companies to reassess their strategies.
Editor's choice: the highlights on just-food this week
12 September 2011
The slowdown in the UK economy appears to be helping one business. This week, Morrisons revealed financial results that showed it was adapting better to the challenging trading conditions than its rivals. Across the Atlantic, meanwhile, leading US executives indicated how tough the economic environment is in the US. Click on the headlines for more.
Comment: FDA-Fresh Del Monte spat helps no one
9 September 2011
The row between the Food and Drug Administration (FDA) and Fresh Del Monte Produce, which has led to the fruit and vegetable company filing lawsuits against the US food watchdog and Oregon Health Authority, poses some difficult questions for regulators, politicians and for companies.
Editor's choice: the highlights on just-food this week
5 September 2011
Two of the world's largest retailers made waves this week, with Tesco's decision to quit Japan and Carrefour's profit warning - and its announcement of another attempt to turn around its domestic business - grabbing the headlines. Meanwhile, dairy giant FrieslandCampina and Australian food maker Goodman Fielder also revealed this week that earnings were under pressure.
Quote, unquote: just-food's week in words
5 September 2011
Financial woes in Europe, takeover speculation, stern condemnations of lawsuits and Tesco quitting Japan - it was all happening this week on just-food. Here's a sample of quotes from the stories that mattered over the last five days.
US: CSPI blasts Fresh Del Monte's salmonella legal challenge
2 September 2011
US consumer watchdog The Center for Science in the Public Interest has issued a scathing response to Fresh Del Monte Produce's move to take legal action against US health officials after the company was linked to a salmonella outbreak.
US: Fresh Del Monte shares down on weak European performance
2 August 2011
Fresh Del Monte Produce has seen its stock price fall today (2 August) as the company saw European sales weaken.
just-food's research round-up
8 July 2011
This week's batch of reports developments in food and allergy intolerance products. Elsewhere, the reports include an analysis of high-fibre cereals in Australia and New Zealand, a look at baby-food packaging in Brazil and a SWOT analysis of Fresh Del Monte Produce.
US: Higher banana, prepared food prices drive Fresh Del Monte Q1 profits
3 May 2011
Improved prices for bananas and prepared foods helped drive profits at Fresh Del Monte Produce during the first quarter of 2011.
US: Flood costs dampen Fresh Del Monte profits
2 November 2010
Flood damage to Fresh Del Monte Produce's banana sites in Guatemala hit the US-based group's profits in its third quarter, the company said today (2 November).
Quote, unquote: just-food's week in words
6 August 2010
A furore erupted in the UK earlier this week after meat from the offspring of a cloned cow entering the food chain. The news put the Food Standards Agency firmly in the spotlight, with the agency insisting the meat was safe but stating selling it was illegal - a stance the EU described to us as "slightly strict". Meanwhile, Kellogg announced plans to cut the amount of sugar in its Coco Pops cereals in the UK and just-food interviewed Kellogg UK boss Greg Peterson.
On the money: Fresh Del Monte predicts slow Europe recovery
3 August 2010
Fresh Del Monte Produce said today (3 August) that it expects the "tough" trading conditions in Europe will take some time to improve.
US: Foreign exchange hits Fresh Del Monte profits
3 August 2010
Fresh Del Monte Produce has recorded a drop in half-yearly profits hurt by lower operating income and foreign exchange losses.
US: Fresh Del Monte “confident” as Q1 rises
4 May 2010
Fresh Del Monte Produce said today (4 May) that it is “confident” about the rest of 2010 as it posted an increase in sales and profits for the first quarter.
Quote, unquote: just-food's week in words
5 March 2010
Those regulating the US food industry flexed their muscles this week with a series of warnings over "misleading" labels - much to the delight of consumer advocates.
On the money: Fresh Del Monte eyes new Asia markets
2 March 2010
Fresh Del Monte Produce will target new markets in Asia despite this morning announcing a slide in full-year earnings.
US: Prepared foods inconvenience Fresh Del Monte
2 March 2010
Fresh Del Monte Produce said today (2 March) that its prepared food business segments had negatively impacted its 2009 results.
US: Fresh Del Monte “not implicated” in banana cartel
18 December 2009
Fresh Del Monte Produce is the latest fruit giant to state that it has not received a statement of objections in the EU's probe into an alleged banana cartel in southern Europe.
UK: Fresh Del Monte launches Naked Fruit range
15 December 2009
Fresh Del Monte Produce is to launch a fresh fruit range with a ‘naked’ twist for the UK market.
Top stories on just-food this week
30 October 2009
What goes into food and what is slapped on the outside dominated the headlines on just-food this week. Food manufacturers and retailers continued to fall over themselves to demonstrate their commitment to sustainable palm oil although, as our interview with the WWF revealed, there are those in the industry that have yet to take any action on the issue. One industry-wide action on food labelling in the US has hit the buffers with the country's leading food makers pulling out of the Smart Choices Program. Will US regulators now fill that void? These are the top ten stories on just-food this week.
Quote, unquote: just-food's week in words
30 October 2009
Sustainability is becoming ever-more crucial for food companies and, this week, the hot topic was palm oil. The WWF issued a report praising those who had moves to source greener palm oil - but castigated those who hadn't. Smart Choices, a US food labelling scheme devised to help consumers, was similarly rebuked for promoting fatty foods. And, all the while, executives from Fresh Del Monte Produce to Chiquita Brands International and Kellogg handed down their insights on the economic and business landscape.
INSIGHT: Fresh Del Monte downbeat on economic outlook
27 October 2009
Fresh Del Monte Produce has admitted that it expects to see “challenging conditions” continuing into fiscal 2010.
US: Fresh Del Monte profits drop on banana costs
27 October 2009
Fresh Del Monte Produce said today (29 October) that lower fresh produce and prepared foods sales and higher banana purchase costs hit its third-quarter profits.
US: Fresh Del Monte H1 profits down
28 July 2009
Rising earnings during the second quarter of 2009 has failed to stem a fall in half-year profits at US-based fruit and veg group Fresh Del Monte Produce.
US: Fresh Del Monte refinances credit agreement
22 July 2009
US fruit and veg group Fresh Del Monte Produce has refinanced its existing credit facilities and announced a new agreement lasting until 2013.
US: Fresh Del Monte appoints board member
1 May 2009
Fresh Del Monte Produce has appointed Madeleine Champion as an independent director on its board.
US: Weather hits Fresh Del Monte Q1 profits
28 April 2009
US fruit and veg group Fresh Del Monte Produce posted a drop in first quarter net profit today (28 April), hurt by a foreign currency loss, weak melon prices and severe weather conditions.
US: Fresh Del Monte profit hit by charges
25 February 2009
US fruit and veg group Fresh Del Monte Produce posted a 33% drop in fourth quarter profit hurt by one-time charges and lower sales in its prepared food business segment.
Related research
Fresh Del Monte Produce Inc. - SWOT Analysis
Datamonitor's Fresh Del Monte Produce Inc. - SWOT Analysis company profile is the essential source for top-level company data and information. Fresh Del Monte Produce Inc. - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.Fresh Del Monte Produce (Fresh Del Monte or ‘the company’) is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce. The company also produces and distributes prepared fruit and vegetables, juices, beverages and snack. The company primarily operates in South America, North America, Europe, Asia, the Middle East, and North Africa. It is headquartered in Grand Cayman, Cayman Islands and employs about 42,000 people. The company recorded revenues of $3,552.9 million during the financial year ended December 2010 (FY2010), an increase of 1.6% over 2009. The increase in net sales was primarily attributable to higher net sales of bananas and prepared food. The operating profit of the company was $77.5 million in FY2010, a decrease of 47.7% compared to 2009. The net profit was $62.2 million in FY2010, a decrease of 56.8% compared to 2009.
Fresh Del Monte Produce Inc. - Strategy and SWOT Report
Datamonitors' Fresh Del Monte Produce Inc.’s SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, key financials and corporate actions, providing a 360° view of the company.
MarketWatch Food - June 2011
The Food MarketWatch contains the latest news, analysis, and opinion, covering all of the month's major issues including new products and innovations, mergers and acquisitions, and marketing and regulatory issues. It covers the period from April 15 to May 14, 2011.
