Fresh Del Monte Produce Inc. Q3 2025 Earnings and Divestiture Announcement

Fresh Del Monte Produce Inc. reported its financial results for the third quarter of 2025, with net sales of $1,021.9 million, a slight increase from the previous year. The company announced the divestiture of its Mann Packing business, expected to close in the fourth quarter of 2025, as part of its strategy to focus on higher-margin, value-added products. Gross profit for the quarter was $80.8 million, with a gross margin of 7.9%. The company also reported an operating loss of $21.8 million, primarily due to asset impairment charges related to underperforming banana farms in the Philippines and the planned divestiture of Mann Packing. Adjusted operating income was $39.7 million, and adjusted FDP net income was $33.1 million. The company declared a quarterly cash dividend of $0.30 per share.