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Fresh Del Monte -15% after weak banana volume

Feb. 19, 2019 12:06 PM ETFresh Del Monte Produce Inc. (FDP) StockFDPBy: Clark Schultz, SA News Editor4 Comments
  • Fresh Del Monte Products (NYSE:FDPfalls 15% after posting a disappointing earnings report.
  • A 3% increase in banana prices wasn't nearly enough to offset a 9% drop in banana volume during the quarter. Banana unit costs rose 7% during the quarter as higher distribution costs were seen in all of the company's business segments.
  • Shares of FDP trade at a two-month low.
  • Previously: Fresh Del Monte Produce reports Q4 results (Feb. 19)
  • Previously: More on Fresh Del Monte's Q4 results (Feb. 19)

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