November recall drags down Fresh Del Monte Produce sales


Fresh Del Monte Produce reported a loss in the fourth quarter primarily due to a November vegetable recall.

The supplier of fresh and prepared produce reported a loss of $25.8 million, or 54 cents a share, compared with a loss of $34.0 million, or 70 cents a share a year earlier.

Adjusted loss per share was 45 cents.

WHAT IT COSTS TO EAT ORGANIC

Ticker Security Last Change Change %
FDP FRESH DEL MONTE 32.88 +0.56 +1.73%

Total revenue for the company was $1.03 billion, compared with $1.05 billion a year earlier.

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The decrease in sales was attributed to lower sales volume of its fresh-cut vegetables product due to a voluntary recall in November 2019.


View more information: https://www.foxbusiness.com/markets/recall-fresh-del-monte-produce-sales

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