(Corrects EPS in Key Details table to -$0.61, from $0.61)

Overview

* Fresh Del Monte Q3 revenue misses analyst expectations

* Company reports Q3 net loss of $29.1 mln due to higher

costs and

impairments

* Company to divest Mann Packing to focus on higher-margin

products

Outlook

* Fresh Del Monte plans to divest Mann Packing in Q4 2025

* Company exits underperforming banana operations to boost

productivity

Result Drivers

* HIGHER BANANA PRICES - Co attributes increased net sales

to

higher per-unit selling prices in banana segment and favorable

exchange rate impacts

* COST CHALLENGES - Higher production and procurement costs

in

banana segment impacted gross profit

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $1.02 $1.04

Revenue bln bln (1

Analyst)

Q3 EPS -$0.61

Q3 Net -$28.10

Income mln

Q3 Gross $80.80

Profit mln

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the fishing &

farming

peer group is "buy"

* Wall Street's median 12-month price target for Fresh Del

Monte

Produce Inc ( FDP ) is $46.00, about 25.3% above its October 28 closing

price of $34.36

* The stock recently traded at 12 times the next 12-month

earnings

vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based

on LSEG and company data. It was checked and edited by a Reuters

journalist prior to publication.)