Fresh Del Monte Produce Inc. Announces Corrected Fourth Quarter 2018 Avocado Financial Performance

Fresh Del Monte Produce Inc. (NYSE:FDP) today announced that it has corrected the Company's fourth quarter 2018 avocado financial performance.

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Wednesday, February 20, 2019
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Summary
Key Points: 
  • Fresh Del Monte Produce Inc. (NYSE:FDP) today announced that it has corrected the Company's fourth quarter 2018 avocado financial performance.
  • The information replaces the avocado financial performance contained in the Company's announcement titled Fourth Quarter and Full Year 2018 Financial Results dated February 19, 2019.
  • Fresh Del Monte markets its products worldwide under the Del Monte brand, a symbol of product innovation, quality, freshness and reliability for over 125 years.
  • Fresh Del Monte Produce Inc. is not affiliated with certain other Del Monte companies around the world, including Del Monte Foods, Inc., the U.S. subsidiary of Del Monte Pacific Limited, Del Monte Canada, or Del Monte Asia Pte.


Fresh Del Monte Produce Inc. (NYSE:FDP) today announced that it
has corrected the Company's fourth quarter 2018 avocado financial
performance. The information replaces the avocado financial performance
contained in the Company's announcement titled Fourth Quarter and Full
Year 2018 Financial Results dated February 19, 2019.

Fourth Quarter 2018 Business Segment Performance

Avocados - Net sales decreased 4% to $65.3 million. Volume increased
16%. Pricing decreased 18%. Unit cost was 28% lower.

About Fresh Del Monte Produce Inc.

Fresh Del Monte is one of the world’s leading vertically integrated
producers, marketers and distributors of high-quality fresh and
fresh-cut fruit and vegetables, as well as a leading producer and
distributor of prepared food in Europe, Africa and the Middle East.
Fresh Del Monte markets its products worldwide under the Del Monte®
brand, a symbol of product innovation, quality, freshness and
reliability for over 125 years. Fresh Del Monte Produce Inc. is not
affiliated with certain other Del Monte companies around the world,
including Del Monte Foods, Inc., the U.S. subsidiary of Del Monte
Pacific Limited, Del Monte Canada, or Del Monte Asia Pte. Ltd.

Forward-looking Information

This press release contains certain forward-looking statements
regarding the intents, beliefs or current expectations of the Company or
its officers with respect to various matters. These
forward-looking statements are based on information currently available
to the Company and the Company assumes no obligation to update these
statements. It is important to note that these forward-looking
statements are not guarantees of future performance and involve risks
and uncertainties. The Company's actual results may differ
materially from those in the forward-looking statements as a result of
various important factors, including those described under the caption
“Key Information - Risk Factors” in Fresh Del Monte Produce Inc.'s
Annual Report on Form 10-K for the year ended December 28, 2018, along
with other reports that the Company has on file with the Securities and
Exchange Commission.

Note to the Editor: This release and other press releases are available
on the Company's web site, www.freshdelmonte.com.

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