|Bid||0.00 x 1100|
|Ask||0.00 x 1300|
|Day's Range||28.65 - 29.29|
|52 Week Range||22.63 - 34.00|
|Beta (5Y Monthly)||0.54|
|PE Ratio (TTM)||37.55|
|Earnings Date||Nov 01, 2022 - Nov 07, 2022|
|Forward Dividend & Yield||0.60 (2.06%)|
|Ex-Dividend Date||Aug 16, 2022|
|1y Target Est||34.00|
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The board of Fresh Del Monte Produce Inc. ( NYSE:FDP ) has announced that it will pay a dividend on the 9th of...
Good morning, everyone, and thank you for joining our second quarter 2022 conference call. Joining me in today's discussion are Mohammad Abu-Ghazaleh, chairman and chief executive officer; and Monica Vicente, senior vice president and chief financial officer.
Fresh Del Monte Produce Inc (NYSE: FDP) reported second-quarter FY22 sales growth of 6% year-on-year to $1.21 billion, beating the consensus of $1.15 billion. The company said price increases drove its sales growth. Gross profit fell 26.6% Y/Y to $80.7 million, and the profit margin contracted 290 basis points to 6.7%. The operating margin was 2.8%, and operating income for the quarter declined 42.2% to $34.3 million. The company held $15.6 million in cash and equivalents as of July 1, 2022. The