Yahoo Finance Fresh Del Monte Produce First Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag
Fresh Del Monte Produce (NYSE:FDP) First Quarter 2023 Results
Key Financial Results
Revenue: US$1.13b (flat on 1Q 2022).
Net income: US$39.0m (up 51% from 1Q 2022).
Profit margin: 3.5% (up from 2.3% in 1Q 2022).
EPS: US$0.81 (up from US$0.54 in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fresh Del Monte Produce EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 40%.
Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's shares are down 7.1% from a week ago.
Risk Analysis
It is worth noting though that we have found 4 warning signs for Fresh Del Monte Produce (1 doesn't sit too well with us!) that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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