2024-05-19 11:00:26 ET
Summary
- We recap the Q1 earnings from Fresh Del Monte Produce.
- Weak banana sales have been a drag on otherwise strong results from fresh-cut and value-added products.
- We expect shares to remain volatile until there is evidence of a growth rebound.
Fresh Del Monte Produce Inc. ( FDP ) reported its first-quarter results which missed both revenue and EPS expectations. The story has been the pressure from weak banana sales dragging lower the firm-wide results. The stock is down about 8% year to date....
Read the full article on Seeking Alpha
For further details see:
Fresh Del Monte Produce: Blame The Bananas