CORAL GABLES, Fla.--(BUSINESS WIRE)--Jul. 28, 2015-- Fresh Del Monte Produce Inc. reported financial results for the second quarter ended June 26, 2015. The Company reported earnings per diluted share of $1.21 for the second quarter of 2015, compared with earnings per diluted share of $1.15 in the second quarter of 2014. Comparable earnings per diluted share were $1.20 in the second quarter of 2015, compared with comparable earnings per diluted share of $1.19 in the second quarter of 2014.
Net sales for the second quarter of 2015 were $1,134.1 million, compared with $1,131.3 million in the second quarter of 2014. The increase in net sales was led by higher net sales in the Company's banana and other fresh produce business segments. Net sales were negatively impacted by a $42.0 million exchange rate variance over the prior year period.
Gross profit for the second quarter of 2015 was $114.0 million, compared with $121.5 million in the second quarter of 2014. The decrease in gross profit was attributable to lower selling prices in several product lines combined with an increase in fruit production costs in the Company's banana and other fresh produce business segments. Lower transportation costs partially offset the decrease in gross profit.
Operating income for the second quarter of 2015 was $73.6 million, compared with operating income of $75.3 million in the second quarter of 2014. Comparable operating income for the second quarter of 2015 was $73.1 million, compared with $77.3 million in the second quarter of 2014.
Net income for the second quarter of 2015 was $64.5 million, compared with net income of $64.3 million in the second quarter of 2014. Comparable net income for the second quarter of 2015 was $64.0 million, compared with $66.3 million in the second quarter of 2014. View the full report here.
