fresh del monte annual report

CSR REPORT and UPDATE > Corporate Profile. Fresh Del Monte Produce Inc Form 4. The Company's Board of Directors declared an interim cash dividend of five cents ($0.05) per share, payable on September 4, 2020 to shareholders of record on August 12, 2020. After submitting your information, you will receive an email. Net income ... Report on a separate line for each class of securities beneficially owned directly or indirectly. After submitting your information, you will receive an email. Because all companies do not use identical calculations, the Company's presentation of these non-GAAP financial measures may not be comparable to similarly titled measures used by other companies. “As a result of significant global disruptions, including lockdowns, closures and quarantines due to the COVID-19 pandemic, Fresh Del Monte Produce went through an unprecedented, turbulent period during the quarter,” said Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer. ... which was met at 100%. Income tax effects of non-GAAP adjustments are calculated based on the applicable statutory tax rate for each jurisdiction in which such charges were incurred, except for those items which are non-taxable for which the tax provision (benefit) was calculated at 0%. 305-520-8433. ... which was met at 100%. Fresh Del Monte is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as leading producer and distributor of prepared food across the globe. Other product-related charges represented $1.6 million for the segment, primarily related to inventory write-offs. Fresh Del These adjustments result in non-GAAP financial measures and are referred to in this press release as adjusted gross profit, adjusted operating income, adjusted net income and adjusted net income per diluted share. Unit cost was 2% lower than the prior year period. PDF. You must click the link in the email to activate your subscription. ... Report on a separate line for each class of securities beneficially owned directly or indirectly. Asset impairment and other charges (credits), net for the six months ended June 26, 2020 primarily related to (1) a $6.0 million insurance recovery related to a voluntary recall of vegetable products which was announced in the fourth quarter of 2019, (2) a $2.0 million reserve relating to a potential liability arising from the Company's third-party shipping logistics operation, (3) $2.1 million in impairments of property, plant, and equipment associated with production facilities in North America and Europe, (4) $0.7 million in severance expense related to the reorganization of the North America sales and marketing function, and (5) $0.7 million in asset impairment charges associated with low-yielding banana plants in the Philippines. Volume was 5% lower. The call will be available for re-broadcast on the Company’s website approximately two hours after the conclusion of the call for a period of one year. Fresh Del Monte is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as leading producer and distributor of prepared food across the globe. Annual Reports: Unsubscribe : Enter the code shown above. Certain non-GAAP adjustments were subject to valuation allowances and therefore were calculated at 0%. For holders of Del Monte $500 million Sr. Sec. Operating income for the second quarter of 2020 was $33.1 million, compared with operating income of $57.2 million in the second quarter of 2019. Pricing was 2% higher. Adjusted operating income was $43.7 million in the second quarter of 2020, compared with adjusted operating income of $52.9 million in the second quarter of 2019. Fresh Del Monte Produce Inc. Reports Second Quarter 2020 Financial Results, CECAB Operations and Sales (Colombia, Ecuador, Central America and Brazil), Europe/Sub Saharan Africa Operations and Sales, Middle East /North Africa Operations and Sales, https://www.businesswire.com/news/home/20200729005191/en/, contact-US-executive-office@freshdelmonte.com. You can sign up for additional subscriptions at any time. “We are proud of the role we are playing to keep […] Our transformation is expected to continue in the quarters ahead as we look to improve our asset utilization around the globe, create efficiencies in our operations and position our Company to deliver stronger long-term performance.”. These measures may be useful to an investor in evaluating the underlying operating performance of the Company's business because these measures: (U.S. dollars in millions, except per-share amounts) - (Unaudited). The webcast can be accessed on the Company’s Investor Relations home page at www.freshdelmonte.com. ... Report on a separate line for each class of securities beneficially owned directly or indirectly. attributable Despite COVID-19 Company reported net income per diluted share of $0.38 and adjusted net income per diluted share of $0.54. FY2020 Annual Report: FY2019 Annual Report: FY2018 Annual Report: FY2017 Annual Report: FY2016 Annual Report: FY2015 Annual Report: CY2013 Annual Report *Starting 2014, DMPL has changed its fiscal year to end in April, in line with Del Monte Foods, Inc, its US subsidiary Unit cost was 10% higher. Produce Inc. Net income Management believes these adjustments provide a more comparable analysis of the underlying operating performance of the business. All forward-looking statements in this press release are based on information available to us on the date hereof, and we assume no obligation to update any such forward-looking statements. Financial information for our parent company, Del Monte Pacific Limited, is available on their Results and Reports webpage. Unit cost was 23% lower. Volume increased 14%. The COVID-19 pandemic led to volatile supply and demand conditions across the Company's key global markets in the six months ended June 26, 2020 which negatively affected the pricing and demand for its products, including higher price point products such as pineapples, avocados and fresh-cut fruit and vegetables. The Company also markets its products under the MANNTM brand and other related trademarks. Prepared food products - Includes the Company's prepared traditional products, and meals and snacks product lines. CORAL GABLES, Fla.--(BUSINESS WIRE)-- Fresh-cut vegetables - Net sales were $86.3 million, compared with $119.4 million in the prior year period. 10.21.2020 Comments off. Net sales for the second quarter of 2020 decreased to $636.2 million, compared with $764.3 million in the second quarter of 2019. Non-tropical fruit - Includes the Company's grape, apple, citrus, berry, pear, peach, plum, nectarine, cherry and kiwi product lines. Coral Gables, FL – Del Monte Fresh Produce N.A., Inc., one of North America’s leading marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, is excited to today share news of its 2020 Holiday Campaign, which encompasses everything from updated fruit sticker and tag designs to a new message on sustainability as the country enters the holiday 2020 season. The Company has estimated that the COVID-19 pandemic has impacted net sales in the fresh and value-added products segment during the second quarter of 2020 by an estimated $117.0 million, as compared to the Company's original expectations for these segments which were developed prior to the pandemic.

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