Rising volumes and higher selling prices in the third quarter contributed to a jump in nine-month earnings at Fresh Del Monte Produce.

The company revealed today (28 October) net income in the nine months to 26 September rose to US$145m, up from $109.2m in the comparable period of 2013. Operating income rose to $169.8m, up from $112.1m, boosted by lower cost of goods sold and SG&A costs.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Sales in the period were also up. The company said nine-month revenue increased to $2.99bn from $2.8bn in the year ago period.

Chairman and CEO Mohammad Abu-Ghazaleh revealed the group’s top-line performance strengthened in the third quarter, thanks to volume and value gains. “Our performance was driven by higher sales volume in our banana and other fresh produce business segments and increased worldwide banana selling prices,” he said.

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact