Fresh Del Monte Produce Inc. (FDP)

Fresh Del Monte Produce (NYSE:FDP) Has Affirmed Its Dividend Of $0.15

The board of Fresh Del Monte Produce Inc. ( NYSE:FDP ) has announced that it will pay a dividend on the 9th of...

• 
  Western Forest Products (TSE:WEF) Will Pay A Dividend Of CA$0.0125

  Simply Wall St.
• 
  Skyworks Solutions (NASDAQ:SWKS) Is Paying Out A Larger Dividend Than Last Year

  Simply Wall St.

Fresh Del Monte Produce (FDP) Q2 2022 Earnings Call Transcript

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 Posts Mixed Q2 Earnings

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