Fresh Del Monte reported a decrease in net sales for Q1 2024, with $1,107.9 million compared to $1,128.5 million in the prior-year period. The decline was attributed to lower banana net sales and reduced sales in the other products and services segment, although the fresh and value-added products segment saw an increase. Operating income decreased to $44.1 million from $74.5 million year-over-year, and net income was $26.1 million compared to $39.0 million in the prior year.
Net sales decreased to $1,107.9 million from $1,128.5 million year-over-year.
Fresh and value-added products segment revenue increased by 5%.
Banana net sales decreased due to lower volume and pricing.
Operating income declined to $44.1 million compared to $74.5 million in the prior-year period.
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