FRESH DEL MONTE PRODUCE INC

Fresh Del Monte Produce Inc. completed the acquisition of select assets of Del Monte Foods Corporation II Inc. for $310.2 million on March 19, 2026, reuniting the Del Monte ® brand under a single owner. This strategic move aims to expand its prepared foods business and enhance operational efficiency. For the first quarter ended March 27, 2026, the company reported a significant decrease in net income to $10.7 million, down from $31.9 million in the prior year, with net sales also declining to $1,044.1 million.

Fresh Del Monte Produce Inc. reported Q1 2026 diluted EPS of $0.21 and net sales of $1,044.1 million. The quarter included the initial contribution from the Del Monte Foods acquisition, which closed in March 2026, and led to a realignment of operating segments. Despite a 4.9% decrease in net sales primarily due to the Mann Packing divestiture and avocado oversupply, the company highlighted portfolio discipline and strategic investments.

Fresh Del Monte Produce Inc. (FDP) announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share on its outstanding common stock. The dividend is scheduled to be paid on June 11, 2026, to shareholders of record as of the close of business on May 19, 2026.