Fresh Del Monte Produce Inc. (FDP) said its net income for the second quarter climbed to $57.2 million from $35.2 million in the second quarter of 2011. Earnings per share improved to $0.99 from $0.59 in the prior year.
Excluding asset impairment and other charges, net income increased to $58.2 million or $1.01 per share from last year's $46.3 million or $0.77 per share.
Quarterly sales fell to $957.6 million from $1.04 billion in the same quarter a year earlier. According to the company, the decrease in net sales for the quarter was the result of lower net sales across all of its business segments, primarily due to lower banana sales volume in the Middle East secondary markets and in Europe, and lower sales volume in Fresh Del Monte's other fresh produce business.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.91 per share on revenues of $1.01 billion for the quarter. Analysts' estimates typically exclude special items.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.