Short answer
FRESH DEL MONTE PRODUCE INC (FDP) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 27, 2026. Quarterly revenue was $1.0B (down 4.9% year over year) with net income of $10M.
Q1 2026 key financials · XBRL
- Revenue
- $1.0B
- −4.9% YoY
- Net income
- $10M
- −67.8% YoY
- Operating margin
- 1.9%
- Gross margin
- 8.5%
- EPS (diluted)
- $0.21
- −67.2% YoY
Source: XBRL data from the FRESH DEL MONTE PRODUCE INC (FDP) Q1 2026 10-Q on SEC EDGAR. USD.
FRESH DEL MONTE PRODUCE INC Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1,044.1M, down from $1,098.4M YoY
- Gross margin 8.5% vs 8.4% YoY; operating income $20.1M vs $44.9M
- Best segment Fresh and value-added: gross profit $59.8M, margin 10.9% vs 9.6%
- Worst segment Other products and services: gross profit $3.8M, margin 6.8% vs 11.9%
- Operating cash flow $44.1M vs $46.1M; acquisition spending $307.7M and debt borrowings $265.0M
- Headwinds: Strait of Hormuz disruption, tariff uncertainty, and commodity volatility impacting costs and cash flows
Risk Factors
- New geopolitical risk: February 2026 U.S.-Israel strikes on Iran disrupted trade routes and pushed Brent crude above $110 per barrel
- Brand and compliance risk: Kenya subsidiary human-rights allegations could damage Del Monte reputation and product acceptance
- Intellectual-property risk: Post-acquisition trademark ownership requires significantly greater enforcement resources than prior licensing
- Operational risk: Shared Del Monte trademarks leave brand reputation exposed to unaffiliated licensees’ food-safety failures
- Market risk: Sustained energy and agricultural-input inflation could pressure margins if pricing cannot offset costs
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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