Fresh Del Monte Produce Inc. Reports Second Quarter 2014 Financial Results

ORAL GABLES, Fla.--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP) today reported financial results for the quarter ended JuneĀ 27, 2014. The Company reported earnings per diluted share of $1.15 for the second quarter of 2014, compared with earnings per diluted share of $1.10 in the second quarter of 2013. Comparable earnings per diluted share were $1.19 in the second quarter of 2014, compared with comparable earnings per diluted share of $1.02 in the second quarter of 2013.

"We were pleased to achieve a double-digit increase in net sales and strong earnings per share during the second quarter of 2014," said Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer. "Our results reflect the continued progress we have made in diversifying our business across our regions, distribution channels and products. Throughout the quarter, we continued to benefit from the execution of our long-term strategies, focus on controlling costs and maximizing operating efficiencies. Our results were further enhanced by higher sales volume in all of our business segments."

Net sales for the second quarter of 2014 increased 11% to $1,131.3 million, compared with $1,023.9 million in the second quarter of 2013. The increase in net sales for the quarter was primarily due to higher sales volume in all of the Company's business segments. Full article.

Loading