• Q1 profits down
  • Lower selling prices for non-banana lines
  • Sales rose

US-based Fresh Del Monte Produce today (28 April) posted a fall in first-quarter earnings amid lower profits from its non-banana produce business.

The company booked net income of US$44.2m for the quarter to 27 March, down from $58.9m a year earlier. Operating income stood at $56.3m, versus $65.2m in the first quarter of 2014.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Access deeper industry intelligence

Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.

Find out more

Fresh Del Monte saw lower selling prices for its tomato and non-tropical product lines weigh on its profitability. It pointed to adverse weather conditions in its production areas in North America and Chile.

Net sales rose 2.7% to $1.01bn. Fresh Del Monte said increased volumes in North America helped its banana and non-produce sales.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now