Here are 1-2 brief analogies to describe Fresh Del Monte Produce (FDP):

• The Tyson Foods of fresh fruits and vegetables.
• A global "farm-to-supermarket" producer and distributor for a wide range of fruits and vegetables, similar to how Ocean Spray focuses on cranberries, but on a much larger and more diverse scale.

• Fresh Fruit: Fresh Del Monte Produce globally sources, markets, and distributes a wide variety of fresh fruits, including pineapples, bananas, melons, avocados, and grapes.
• Fresh-Cut Produce: The company offers value-added, ready-to-eat fresh-cut fruits and vegetables, such as fruit cups, vegetable platters, and bagged salads.
• Prepared Food: Fresh Del Monte Produce provides a range of convenient prepared food items including sandwiches, wraps, and other grab-and-go meal solutions.
• Other Produce: It also distributes other fresh produce such as tomatoes, potatoes, onions, and various vegetables, often sourced from third parties.

Fresh Del Monte Produce (FDP) sells primarily to other companies, operating on a Business-to-Business (B2B) model.

Based on the company's public filings, such as its 10-K reports, Fresh Del Monte Produce does not publicly disclose the specific names of its individual major customers. This is common practice in the produce industry due to competitive reasons and confidentiality agreements. Instead, the company describes its customer base by categories.

Fresh Del Monte Produce's major customers fall into the following categories:

• Supermarkets and Grocery Retailers: Large national and international supermarket chains that sell produce directly to consumers.
• Club Stores: Membership-based warehouse clubs that sell in bulk to consumers and small businesses.
• Wholesalers: Companies that purchase large quantities of produce from growers and then distribute it to smaller retailers, restaurants, and other institutions.
• Foodservice Customers: Businesses such as restaurants, hotels, catering companies, and institutional cafeterias, often supplied through foodservice distributors.

While Fresh Del Monte Produce does not explicitly name its specific major customers, companies fitting the above descriptions represent its primary clientele. Examples of prominent public companies that operate within these categories (and which Fresh Del Monte Produce likely supplies, but does not explicitly name as specific customers) include:

• Walmart Inc. (Symbol: WMT) - Parent company of Walmart Supercenters and Sam's Club (a club store).
• The Kroger Co. (Symbol: KR) - One of the largest grocery retailers in the U.S.
• Costco Wholesale Corporation (Symbol: COST) - A major club store operator.
• Sysco Corporation (Symbol: SYY) - A leading global foodservice distribution company.
• US Foods Holding Corp. (Symbol: USFD) - Another major foodservice distributor in the U.S.

Mohammad Abu-Ghazaleh Chairman and Chief Executive Officer

Mohammad Abu-Ghazaleh has served as Chairman and Chief Executive Officer of Fresh Del Monte Produce since 1996, spearheading a significant turnaround in the company's performance. He acquired Fresh Del Monte Produce in the mid-1990s through a combination of cash and bank loans, transforming it from a struggling entity with substantial debt into a leading global producer and distributor of fresh and fresh-cut fruits and vegetables. He guided Fresh Del Monte Produce to go public on the New York Stock Exchange in 1997. Before his tenure at Fresh Del Monte, he held positions as President and CEO of United Trading Company from 1986 to 1996 and Managing Director of Metico from 1976 to 1986. He also chairs the IAT Group Inc., International General Insurance Co., the Royal Jordanian Air Academy, Arab Wings, and the Queen Noor Civil Aviation Technical College. His career began in his family's agricultural import business in the Middle East in the 1950s.

Monica Vicente Senior Vice President, Chief Financial Officer and Principal Accounting Officer

Monica Vicente has served as Senior Vice President, Chief Financial Officer, and Principal Accounting Officer of Fresh Del Monte Produce since April 2022. Prior to her current role, she was Vice President, Corporate Finance, and oversaw various finance functions, including SEC reporting and controlling, tax, and treasury, during her 26-year tenure with the company. Earlier in her career, Ms. Vicente worked in the assurance services group at Ernst & Young.

Mohammed Abbas Executive Vice President, Chief Operating Officer

Mohammed Abbas was appointed Executive Vice President and Chief Operating Officer of Fresh Del Monte Produce in February 2022. Before this, he served as Senior Vice President of the Asia Pacific and Middle East Region from October 2019 to January 2022, and as Vice President of the Middle East and North Africa from 2016 to 2019. His previous roles include Vice President of Fresh Produce and General Manager of Del Monte Saudi Arabia from 2009 to 2015, and General Manager of Del Monte Foods UAE from 2007 to 2009. Mr. Abbas brings over two decades of leadership experience in agriculture, farming, and the fresh produce industry across the Middle East, Africa, and Asia Pacific. He holds a Master of Science in Agribusiness from Purdue University and a Master of Business Administration from the Kelly Business School at Indiana University.

Hans Sauter Chief Sustainability Officer and Senior Vice President, Corporate R&D, QA, and Agricultural Services

Hans Sauter has held the positions of Chief Sustainability Officer since 2020 and Senior Vice President, Corporate R&D, Quality Assurance, and Agricultural Services since 2014 or 2019. He joined Fresh Del Monte in 1988, initially working in the banana research division. Over 25 years, he has served in various research and technical support capacities within Fresh Del Monte's operations in tropical Latin America. Mr. Sauter played a pivotal role in the innovation of pineapple varieties, including the launch of Del Monte Gold® Extra Sweet pineapple and the development of Pinkglow® and Rubyglow® pineapples. Throughout his career, he has focused on integrating agricultural production with environmental protection and biodiversity conservation.

Effie D. Silva Senior Vice President, General Counsel and Corporate Secretary and Chief Ethics and Compliance Officer

Effie D. Silva has served as Senior Vice President, General Counsel, Corporate Secretary, and Chief Ethics and Compliance Officer since 2022. Prior to joining Fresh Del Monte, she was the Ethics & Compliance Leader at Cargill, Inc. from 2020 to 2022. Ms. Silva also held the role of Vice President & Associate General Counsel at Tyson Foods, Inc. from 2018 to 2019. Her earlier career involved working at prominent law firms such as Duane Morris, LLP, McDermott, Will & Emery, LLP, and Baker & McKenzie, LLP, from 2005 to 2018.

The emergence and rapid scaling of Vertical Farming and Controlled Environment Agriculture (CEA) technologies pose a clear emerging threat to Fresh Del Monte Produce. Companies utilizing CEA can grow a variety of fruits and vegetables (such as leafy greens, herbs, and certain berries) year-round in urban or peri-urban environments, significantly reducing transportation costs, water usage, and reliance on traditional seasonal outdoor farming and global supply chains. As these technologies become more cost-effective and scale up, they directly compete with FDP's core business model of large-scale, often distant, outdoor cultivation and global distribution, potentially capturing market share for high-value fresh produce.

Fresh Del Monte Produce Inc. (FDP) operates in various segments of the fresh and prepared produce markets globally. The addressable markets for its main products and services are outlined below, with market sizes provided for the specified regions.

Fresh Fruits

• Global Fresh Fruits Market: The global fresh fruits market was valued at approximately USD 594.32 billion in 2023 and is projected to reach USD 831.37 billion by 2032, growing at a compound annual growth rate (CAGR) of 3.8% during the forecast period (2025-2032).
• North America Fresh Fruits Market: The fresh fruits market in North America is expected to reach a projected revenue of US$ 63,304.9 million by 2028, growing at a CAGR of 2.9% from 2021 to 2028.
• Europe Fresh Fruits Market: The fresh fruits market in Europe is expected to reach a projected revenue of US$ 128,521.6 million by 2028, with a CAGR of 4.1% from 2021 to 2028.
• Asia Pacific Fresh Fruits Market: The Asia Pacific fresh fruits market generated a revenue of USD 233,565.9 million in 2020 and is expected to reach US$ 309,372.4 million by 2028, growing at a CAGR of 3.6% from 2021 to 2028. In 2023, Asia-Pacific held a dominant market share of 42% of the global fresh fruits market.

Specific Fresh Fruits

• Bananas (Global): The global banana market size stands at USD 139.51 billion in 2025 and is projected to reach USD 175.51 billion by 2030, expanding at a 4.70% CAGR.
• Pineapples (Global): The global pineapple market size is estimated at USD 11.96 billion in 2025 and is projected to reach USD 13.94 billion by 2030, at a CAGR of 3.20%.
• Avocados (Global): The global avocado market size was valued at USD 19.2 billion in 2023 and is poised to grow from USD 21.24 billion in 2024 to USD 47.54 billion by 2032, growing at a CAGR of 10.6%.

Fresh Vegetables

• Global Fresh Vegetables Market: The global fresh vegetable market size was valued at USD 949.8 billion in 2024 and is expected to reach around USD 1.6 trillion by 2034, growing at a 4.7% CAGR through 2034.
• U.S. Fresh Vegetables Market: The U.S. fresh vegetables market is projected to reach USD 85.92 billion by 2032. The U.S. market is estimated to be worth USD 107.5 billion in 2024 and is projected to grow to USD 185.5 billion by 2034, flourishing at a growth of 6.1%.
• Asia Pacific Fresh Vegetables Market: Asia Pacific dominated the fresh vegetables market with a 63.9% market share in 2023. The Asia Pacific fresh vegetables market size was estimated at USD 474.64 billion in 2025 and is projected to surpass around USD 646.23 billion by 2034 at a CAGR of 3.44%.

Prepared/Processed Fruits and Vegetables

• Global Prepared Vegetables Market: The global market size for prepared vegetables is projected to grow significantly from USD 250 billion in 2023 to USD 380 billion by 2032, driven by a CAGR of 5.5%.
• Global Processed Fruits and Vegetables Market: The global processed fruits and vegetables market was valued at USD 377.3 billion in 2024, with expectations to reach USD 698.6 billion by 2034, growing at a CAGR of 6.3%.
• Canned Pineapple (Global): The global canned pineapple market size was estimated at USD 2.03 billion in 2024 and is expected to grow at a CAGR of 4.7% from 2025 to 2030, reaching USD 2.68 billion by 2030.

Commercial Cargo Services

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Restaurants and Food and Beverage Locations

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1. Increased Focus on High-Margin Fresh and Value-Added Product Segments: Fresh Del Monte is actively shifting its portfolio towards lucrative categories such as fresh-cut fruits, specialty pineapples (including new varieties like Rubyglow, Honeyglow, and Pinkglow), avocados, and prepared foods. This strategic emphasis on high-margin products, along with new ventures in specialty ingredients and residues, is expected to be a primary catalyst for higher net sales and expanded gross margins. The fresh and value-added products segment already accounted for 62% of total net sales in Q1 2025.
2. Strategic Pricing Initiatives: The company is implementing strategic pricing across its key product lines. This includes higher per-unit selling prices, notably for pineapples and fresh-cut fruits, which are supported by strong market demand. Additionally, tariff-related price adjustments in regions like North America contribute to this revenue growth driver.
3. Geographical Expansion and Enhanced Market Penetration through Strategic Partnerships: Fresh Del Monte is pursuing a multifaceted growth strategy that includes geographical expansion to diversify its revenue streams. In Europe, the 2025 strategy focuses on building strong partnerships, ensuring product proximity to consumers, and educational initiatives. Furthermore, the company is leveraging new brand partnerships, such as those with Disney and the Florida Panthers, to significantly enhance its brand visibility and expand its market reach.

Share Repurchases

• In February 2025, Fresh Del Monte Produce Inc. announced a $150 million share repurchase program.
• During the third quarter of 2025, the company repurchased approximately 200,000 shares for $7 million, with $135 million remaining under the authorization.
• As of September 26, 2025, $135.2 million remained available under the current share repurchase plan.

Outbound Investments

• Fresh Del Monte Produce is undertaking a planned divestiture of Mann Packing to simplify its portfolio and improve margin and capital efficiency, with the sale expected to close in Q4 2025.
• In the third quarter of 2025, the company took $37 million in impairment and exit charges related to underperforming banana farms in the Philippines.
• In 2023, the company completed asset sales, including two distribution centers in Saudi Arabia, an idle facility in North America, a plastics business in South America, two carrier vessels, and land assets in South and Central America.

Capital Expenditures

• Capital expenditures for the first nine months of 2025 totaled $36 million, primarily focused on enhancing banana and pineapple operations in Central America, North America, and Kenya.
• The full-year 2025 capital expenditure forecast has been revised to $60 million-$70 million.
• For the full year 2024, capital expenditures were expected to be in the range of $55 million to $60 million.