Dive Brief:
- Fresh Del Monte posted a profit of $64.3 million in the second quarter, up from $62 million a year earlier.
- Revenue from bananas jumped 11% to $505.1 million, as the volume of bananas sold rose 8%.
- Total sales from produce rose 8.3%, while sales from prepared foods climbed 22%.
Dive Insight:
This is the second consecutive quarter in which the global produce marketer has posted an increase in both the amount of bananas it sold and the money it generated from those sales. That's a remarkable performance, given the changing state of the banana industry.
