Fresh Del Monte Produce reported a 2% increase in net sales for Q4 2021, reaching $1,017.3 million. However, the company experienced a net loss of $(11.2) million, a decrease compared to the prior-year period's net income of $0.9 million. The increase in net sales was driven by the other products and services segment, as well as the fresh and value-added products segment. The company declared a quarterly cash dividend of $0.15 per share.
Net sales increased by 2% to $1,017.3 million compared to the prior-year period.
FDP net loss was $(11.2) million compared to net income of $0.9 million in the prior-year period.
Gross profit increased by 9% to $39.8 million compared to the prior-year period.
The Board of Directors declared a quarterly cash dividend of $0.15 per share.
The company anticipates long-term growth by focusing on its core business, expanding value-added categories, leveraging technology, and growing customer and brand partnerships.
Visualization of income flow from segment revenue to net income
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