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
|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.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
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