Fresh Del Monte Produce reports Q4 EPS of $0.67 (adjusted $0.70)

Fresh Del Monte Produce (NYSE:FDP) reported a significant leap in profitability for the fourth quarter and full year 2025, overcoming strategic divestitures with a surge in its logistics and banana segments.

The Coral Gables-based company posted fourth-quarter adjusted earnings of $0.70 per share, comfortably beating estimates, while full-year adjusted EPS reached $3.68—a 22% increase year-over-year.

Quarterly net sales reached $1.02 billion, driven largely by a "hidden gem" in the company’s portfolio: its third-party ocean freight services.

Net income attributable to Fresh Del Monte Produce totaled $31.9 million, or $0.67 per diluted share, while adjusted net income came in at $33.2 million.

By leveraging its fleet of 13 owned vessels, Fresh Del Monte capitalized on high demand for commercial cargo space.

This growth, combined with higher per-unit banana prices in North America and a favorable Euro, helped offset a revenue dip in the fresh-cut vegetable segment following the strategic sale of Mann Packing and Fresh Leaf Farms assets.

Meanwhile, the company’s focus on high-margin categories is paying off at the bottom line.

Fourth-quarter gross margin expanded to 10.4% (11.3% on an adjusted basis), as pricing discipline and operational efficiencies outweighed rising production and distribution costs.