Fresh Del Monte Produce Inc. Reports Net Sales Increase For 2013

Fresh Del Monte Produce Inc. reported financial results for the fourth quarter and year ended Dec. 27, 2013. For the full year 2013, the company reported net loss per share of $0.66, compared with earnings per diluted share of $2.46 in 2012. Comparable earnings per share for the full year 2013 were $1.52, compared with comparable earnings per diluted share of $2.54 for the full year 2012. The company reported a net loss per share of $2.62 in the fourth quarter of 2013, compared with earnings per diluted share at breakeven, or $0.00, in the fourth quarter of 2012. Comparable net loss per share was $0.35 in the fourth quarter of 2013, compared with comparable earnings per diluted share at breakeven, or $0.00, in the fourth quarter of 2012.

Net sales for the year 2013 increased $262.5 million to $3.7 billion, compared with $3.4 billion in 2012. Net sales for the fourth quarter of 2013 were $879.9 million, compared with $776.9 million in the prior year's fourth quarter. The increase in net sales for the year 2013 and fourth quarter of 2013 was due to strong net sales performance in all of the company's business segments, with solid volume gains over the previous year. Full report.

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