Fresh Del Monte Produce Inc. Announces Fourth Quarter and Full Year 2015 Financial Results

Net sales for the year increased to $4,056.5 million, compared with $3,927.5 million in 2014. Net sales for the fourth quarter increased $48.6 million to $977.9 million, compared with $929.3 million in the prior year’s fourth quarter. The increase in net sales for the full year and fourth quarter was driven by higher net sales in the Company’s other fresh produce and banana business segments. The increase in net sales was partially offset by lower selling prices in several of the Company’s product lines, primarily due to exchange rate variances of $115.6 million for the full year and $17.8 million for the fourth quarter of 2015.

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