- Fresh Del Monte Produce Inc (NYSE:FDP) reported second-quarter FY22 sales growth of 6% year-on-year to $1.21 billion, beating the consensus of $1.15 billion.
- The company said price increases drove its sales growth.
- Gross profit fell 26.6% Y/Y to $80.7 million, and the profit margin contracted 290 basis points to 6.7%.
- The operating margin was 2.8%, and operating income for the quarter declined 42.2% to $34.3 million.
- The company held $15.6 million in cash and equivalents as of July 1, 2022. The total debt of the company was $462.7 million.
- Adjusted EBITDA of $55.7 million decreased 33.4% Y/Y.
- Adjusted EPS of $0.43 missed the analyst consensus of $0.79.
- On August 2, 2022, the company’s Board declared a quarterly cash dividend of $0.15 per share, payable on September 9, 2022, to shareholders of record on August 17, 2022.
- Price Action: FDP shares closed lower by 1.05% at $30.02 on Tuesday.
Mydecine’s Q3 Financials & Update, Sustained Target On Smoking Cessation For Next 12 Months
Mydecine Innovations Group (OTC: MYCOF), the psychedelics biotech company headquartered in Denver, Colorado with international offices in the Netherlands, reported its financial results and business highlights for the three and nine months ended September 30, 2022.
