Fresh Del Monte Produce (FDP)
NYSE:FDP
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.53Last Year’s EPS
1.23Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of meaningful strategic progress and near-term operational challenges. The company achieved a major strategic milestone by reuniting the Del Monte brand—an acquisition expected to add ~$600M of sales and create a higher-margin branded platform—which supports 13%–15% revenue growth guidance for 2026. However, substantial cost pressures from the Middle East conflict, foreign exchange, logistics, commodity inflation and supply disruptions are expected to materially compress margins and reduce cash generation in 2026. Leverage increased materially to fund the acquisition, and the company incurred acquisition-related impairments in the quarter. Overall, the update balances a strong strategic narrative and growth outlook against significant and quantifiable near-term headwinds and margin risk.Company Guidance
Strategic Reunification - Del Monte Foods Acquisition
Closed acquisition of Del Monte Foods for $308 million ($285M base price + $23M wind-down/closing costs). Acquisition expected to contribute approximately $600 million of net sales and about $23 million of adjusted EBITDA in 2026 (9 months contribution), and prompted creation of a new Prepared Foods segment to align the combined branded CPG platform.
Top-Line and Forward Growth Expectation
Reported first quarter net sales of $1.0 billion. Company guidance for FY2026 (continuing operations) anticipates net sales growth of 13% to 15% year-over-year, reflecting the Del Monte Foods contribution and execution across the base business.
Underlying Adjusted Profitability
Adjusted gross profit was $91 million with adjusted gross margin of 8.7%. Adjusted operating income was $40 million. Adjusted EBITDA was $58 million (6.0% margin). Adjusted diluted earnings per share were $0.63 (reported EPS $0.21).
Segment-Level Positives
Fresh & value-added products delivered net sales of $549 million, gross profit of $60 million and gross margin of 10.9%, aided by higher per-unit pineapple selling prices and favorable FX. Prepared Foods delivered $83 million of net sales in Q1 (including $22 million from acquisition), establishing initial branded CPG scale.
Capital Return and Allocation Activity
Board declared quarterly cash dividend of $0.30 per share ($1.20 annualized, ~3% yield). Company repurchased 100,000 shares for $4 million (average $40.24) and retains $116 million available under the $150 million repurchase program, indicating continued commitment to shareholder returns.
Liquidity and Leverage Management
Net cash provided by operating activities in Q1 was $44 million. Average adjusted leverage ratio at quarter end was 1.4x EBITDA, suggesting leverage remains in a manageable range following the acquisition.
FDP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FDP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $40.35 | $37.76 | -6.42% |
Feb 18, 2026 | $40.03 | $42.25 | +5.53% |
Oct 29, 2025 | $33.84 | $33.80 | -0.14% |
Jul 30, 2025 | $35.24 | $38.52 | +9.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fresh Del Monte Produce (FDP) report earnings?
Fresh Del Monte Produce (FDP) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Fresh Del Monte Produce (FDP) earnings time?
Fresh Del Monte Produce (FDP) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is FDP EPS forecast?
FDP EPS forecast for the fiscal quarter 2026 (Q2) is 0.53.