Fresh Del Monte post big first-quarter profits despite economic challenges
Fresh Del Monte has posted a 51% year-on-year jump in net profit for the first financial quarter, as the company continues to focus more heavily on efficiency and optimization of resources. Net profit rose from $25.8 million to $39 million in the three months to March 31. That increase came despite a small drop in […]
How to merchandise bananas for profit and ensure shopper satisfaction
Bananas have traditionally been considered a loss leader, yet effective merchandising can help stores realize profit in this key category. Bananas are consistently one of the top-selling items, according to Bil Goldfield, director of corporate communications for Dole Food Company. That’s why it’s critical they remain a focus in the department, he says. “Opportunities remain ripe […]
Del Monte set to launch first carbon neutral certified pineapple
Fresh Del Monte Produce has announced the upcoming launch of the Del Monte Zero pineapple, its first carbon neutral certified pineapple, which factors in the entire supply chain from farm to table in its North American and select European markets. Using a limited percentage of the company’s total pineapple volumes, the Del Monte Zero pineapple […]
UK blockchain start-up Decapolis partners with Fresh Del Monte
Fresh Del Monte Produce has invested a 39% stake in Decapolis, in an effort to secure innovative solutions for its products and services. The UK-based Jordanian technology company provides food safety and traceability for the food industry. Decapolis Food Guard (DFG) will be available across all of Del Monte’s business segments, according to both companies. […]
Inflation, supply issues cause Del Monte’s profits to dip in first quarter
Despite posting higher sales year-on-year, Fresh Del Monte Produce saw a significant drop in its first-quarter profits because of inflationary pressures and ongoing supply chain constraints. Net income for the three months ended April 1 was $25.8 million, down from $42.7 million in the same quarter last year, while gross profit dropped to $89.8 million […]
