The Company reported earnings per diluted share of $1.10 for the second quarter of 2007, compared with a loss per diluted share of $0.29 in the period one year ago. The second quarter results include charges totaling $4.9 million or $0.08 per diluted share for asset impairment and other charges, net. Excluding these charges, adjusted earnings per diluted share would have been $1.18 for the second quarter of 2007, compared with earnings per diluted share of $0.29 for the second quarter of 2006. Earnings per diluted share for the first six months of 2007 were $2.00, compared with a loss per diluted share of $0.01 for the prior year's first half period. Excluding asset impairment and other charges, adjusted earnings per diluted share totaled $2.03 for the first six months of 2007, compared with adjusted earnings per diluted share of $0.57 for the same period last year.

Net sales in the second quarter of 2007 were $924.2 million, compared with $907.1 million in the second quarter of 2006. For the first six months of 2007, net sales were $1.76 billion, compared with net sales of $1.75 billion for the same period in 2006.

Gross profit for the second quarter of 2007 was $119.6 million, compared with gross profit of $72.1 million for the same period last year. Gross profit for the first six months was $218.7 million, compared to $140.1 million for the same period in 2006. The increase in gross profit for 2007 was the result of improvements in the Company's major business segments, further product rationalization, along with higher pricing and favorable foreign currency exchange rates, partially offset by continued high costs related to product procurement and distribution.

For the second quarter of 2007, Fresh Del Monte reported net income of $63.9 million, compared with a net loss of $17.0 million during the same period in 2006. Net income for the first six months of 2007 was $115.5 million, compared with a net loss of $0.5 million during the same period in 2006. The improvement in net income for the first half of 2007 was due to increased profitability in the Company's global operations and operating efficiency initiatives implemented during 2006.

Fresh Del Monte's Chairman and Chief Executive Officer, Mohammad Abu-Ghazaleh said, "Our second quarter performance, which was the strongest in four years, is a further validation of the success of our strategy and of the performance-improving initiatives we put in place last year. In addition, better results in our "Banana" and "Other Fresh Produce" businesses, as well as improved efficiencies in our global operations, collectively helped to drive this robust performance. Today, Fresh Del Monte is a company that is focused and committed to profitable growth."

Fresh Del Monte will host a conference call and simultaneous webcast at 11:00 a.m. today to discuss the second quarter 2007 results and to detail the Company's progress and outlook. The webcast can be accessed on the Company's Investor Relations home page at www.freshdelmonte.com. The call will be available for re-broadcast on the Company's website.