Fresh Del Monte Produce Inc. reported a modest increase in net sales for the fiscal year ending December 26, 2025, reaching $4.32 billion, up from $4.28 billion in the previous year. The company's gross profit also rose to $399.1 million, a 12% increase from $357.9 million in 2024. This growth was primarily driven by higher selling prices in the banana and fresh and value-added products segments, which were influenced by tariff-related price adjustments in North America and favorable currency fluctuations, particularly against the Euro and British pound. However, the company faced challenges with lower sales volumes in fresh-cut vegetables due to strategic operational reductions, including the divestiture of certain assets.
In terms of operational changes, Fresh Del Monte announced a significant acquisition on February 6, 2026, where it successfully bid for select assets of Del Monte Foods Corporation II Inc. for approximately $285 million. This acquisition, which includes the prepared and packaged foods businesses and the global ownership of the Del Monte® brand, is expected to enhance the company's market position by aligning fresh and shelf-stable foods under one integrated strategy. The acquisition is anticipated to close in the first quarter of 2026, pending regulatory approvals.
The company also reported a decrease in operating income to $137.4 million from $196.3 million in the previous year, largely due to increased asset impairment charges and a lower gain on the disposal of property, plant, and equipment. Notably, Fresh Del Monte incurred asset impairment and other charges totaling $59.3 million in 2025, which included significant write-downs related to low productivity banana farms in the Philippines and the divestiture of the Mann Packing business. The divestiture resulted in a pre-tax loss of $17.9 million.
Fresh Del Monte's workforce comprised approximately 8,562 full-time employees, with an additional 31,466 seasonal and temporary workers. The company continues to focus on expanding its fresh-cut produce offerings and enhancing its logistics capabilities to meet growing consumer demand for healthy, convenient food options. The company’s market presence remains strong, with North America accounting for 58% of net sales in 2025, followed by Europe and the Middle East.
Looking ahead, Fresh Del Monte aims to leverage its recent acquisition to drive growth and enhance its product offerings. The company is also closely monitoring macroeconomic factors, including inflation and trade policies, which could impact its operations and profitability. The management remains optimistic about the future, emphasizing its commitment to innovation and expansion in both domestic and international markets.
About FRESH DEL MONTE PRODUCE INC
Fresh Del Monte Produce Inc. is a leading global producer, marketer, and distributor of high-quality fresh and fresh-cut fruits and vegetables, including pineapples, bananas, avocados, and prepared foods. Operating through extensive sourcing, logistics, and distribution networks, the company serves retail, foodservice, and wholesale markets worldwide, primarily under the Del Monte brand. Its core value lies in product quality, innovation, and supply chain efficiency.
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