Fresh Del Monte Produce Inc (NYSE: FDP)

Fresh Del Monte Produce Inc. is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared fruit and vegetables, juices, beverages and snacks in Europe, Africa and the Middle East. The company markets its products worldwide primarily under the Del Monte ® brand, a symbol of product innovation, quality, freshness and reliability since 1892. Fresh Del Monte Produce Inc. has leading market positions in fresh pineapples, bananas, fresh-cut fruit and vegetables, avocados, and canned fruit in various global regions.

Fresh Del Monte Produce Inc. generates revenue through the sale of fresh produce, value-added products, and prepared foods across multiple product categories. The company sells pineapples, bananas, fresh-cut fruit and vegetables, melons, non-tropical fruit, avocados, and prepared foods including juices, beverages, snacks, and meals. Revenue is derived from retail stores, club stores, convenience stores, wholesalers, distributors, and foodservice operators in more than 80 countries worldwide.

The company operates through the following segments: Fresh and value-added products, Banana, and Other products and services.

• Fresh and value-added products: This segment includes pineapples, fresh-cut fruit, fresh-cut vegetables, melons, vegetables, non-tropical fruit, other fruit and vegetables, avocados, and prepared foods. The company markets its fresh-cut fruit products under the Del Monte ® brand, including proprietary varieties such as Pinkglow ® , Rubyglow ® , Honeyglow ® , Del Monte Zero ®™ , and Bananinis ® . Fresh-cut vegetable offerings include salads and assorted vegetable items washed, cut, and packaged for ready-to-use consumption.

• Banana: This segment focuses on the production, marketing, and distribution of bananas under the Del Monte ® brand. Fresh Del Monte Produce Inc. believes it is the third-largest marketer of bananas in the United States and a leading marketer in other markets worldwide based on internally generated data. The banana segment supports year-round supply through company-controlled farms in Costa Rica, Guatemala, the Philippines, Panama, and Brazil, as well as purchases from independent growers in Guatemala, the Philippines, Ecuador, and Colombia.

• Other products and services: This segment includes third-party freight and logistic services, the Jordanian poultry and meats business, and the specialty ingredients business. The logistics business operates under the name Network Shipping, utilizing refrigerated container vessels to provide ocean freight services between Costa Rica, Ecuador, Guatemala, Peru, and the U. S. The Jordanian poultry and meats business includes vertically integrated operations from poultry farms to meat processing plants, while the specialty ingredients business includes a Kenyan biofertilizer plant and a majority stake in a Ugandan supplier of bulk crude and edible avocado oil.

Fresh Del Monte Produce Inc. holds leading market positions in several key product categories, including being the largest marketer of fresh pineapples in the United States and a leading marketer worldwide. The company is the third-largest marketer of bananas in the United States and a leading marketer in other global markets. It holds leading positions in fresh-cut fruit and vegetables in North America, Japan, Saudi Arabia, South Korea, United Arab Emirates, and the United Kingdom, as well as in avocados in the United States and canned fruit in Europe, Africa, and the Middle East. Competitive advantages include its vertically integrated model, global sourcing and logistics network, and strong brand recognition associated with the Del Monte ® trademark.

Fresh Del Monte Produce Inc. sells its products to retail stores, club stores, convenience stores, wholesalers, distributors, and foodservice operators in more than 80 countries around the world. In 2025, one customer, Walmart, Inc. (including its affiliates), accounted for approximately 7% of total net sales, with no single customer representing 10% or more of net sales. The top 10 customers collectively accounted for approximately 29% of net sales in 2025.