FDP - Why Agriculture Company Fresh Del Monte's Shares Are Falling Today | Benzinga
Fresh Del Monte Produce, Inc. (NYSE: FDP) shares are trading lower after the company reported a third-quarter FY23 sales decline of 4.78% year-on-year to $1.003 billion, missing the consensus of $1.07 billion.
The net sales decline was primarily driven by lower sales volume in the fresh and value-added product segment and a decrease in sales in the other products and services segment due to softened global demand in our third-party ocean freight business.
Fresh and Value-Added Products net sales were $574.0 million compared with $599.8 million ...