Fresh Del Monte Products Inc. undefined reported second-quarter profit that more than doubled, boosted by relaxed restrictions on social gatherings, and...
Fresh Del Monte Products Inc. FDP, +1.96% reported second-quarter profit that more than doubled, boosted by relaxed restrictions on social gatherings, and revenue that rose 5% as strength in fresh and value-added products helped offset a decline in bananas. The stock was still inactive in premarket trading. Net income for the quarter to July 2 rose to $47.2 million, or 99 cents a share, from $17.9 million, or 38 cents a share, in the year-ago period.
14 billion from $1.09 billion, compared with the FactSet average estimate of $1.15 billion. Fresh and value-added products sales grew 5.9% to $674.0 million, due primarily to higher sales of pineapples, fresh-cut fruits and vegetables, while banana sales fell 0.7% to $426.7 million, mostly a result of lower sales in the Middle East.
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