Fresh Del Monte Produce Inc. (FDP) Monday reported a loss of $106.4 million or $2.22 per share for the fourth quarter, compared with a profit of $18.3 million or $0.38 per share in the same quarter a year ago, primarily due to decline in revenue.
Excluding special items, the company posted profit of $11.8 million or $0.25 per share, lower than $21.5 million or $0.45 per share last year.
Sales for the quarter slightly declined to $1.009 billion from $1.040 billion in the prior-year period, driven by lower sales of banana and other products and services segments.
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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.