Inflation, supply issues cause Del Monte’s profits to dip in first quarter

Report: Brexit decision could threaten bananas coming from Ghana

Despite posting higher sales year-on-year, Fresh Del Monte Produce saw a significant drop in its first-quarter profits because of inflationary pressures and ongoing supply chain constraints. Net income for the three months ended April 1 was $25.8 million, down from $42.7 million in the same quarter last year, while gross profit dropped to $89.8 million […]