Benzinga | Jul 29, 2020 07:11AM EDT

Fresh Del Monte Produce: Q2 Earnings Insights

Shares of Fresh Del Monte Produce (NYSE:FDP) were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 21.74% year over year to $0.54, which beat the estimate of $0.44.

Revenue of $1,092,000,000 decreased by 11.86% from the same period last year, which missed the estimate of $1,260,000,000.

Outlook

Fresh Del Monte Produce hasn't issued any earnings guidance for the time being.

Fresh Del Monte Produce hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 29, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Finvestorrelations.freshdelmonte.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2403320&sessionid=1&key=5B9361826CE30BBE1795DD0303C8B730&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $38.79

52-week low: $20.25

Price action over last quarter: down 17.29%

Company Overview

Fresh Del Monte Produce Inc produces, markets, and distributes fresh fruit and vegetables internationally. Additionally, it prepares and distributes juices, beverages, and snacks. The products are shipped to retail stores, foodservice operators, wholesalers, and other distributors. The company owns a trucking company and uses asset-based carriers to deliver by land, and utilizes its fleet of ships mixed with chartered refrigerated vessels to deliver by sea. Fresh Del Monte Produce incorporates a worldwide salesforce to conduct selling and marketing, and has strategically constructed distribution centers around the world to deliver its products. It operates in three segments: Fresh and value-added products; Bananas: and Other products and services.