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Last updated on April 20, 2014 at 17:20 EDT

Latest Chiquita Brands International Stories

2008-10-30 18:00:20

CINCINNATI, Oct. 30 /PRNewswire-FirstCall/ -- Chiquita Brands International, Inc. today released financial and operating results for the third quarter 2008. For continuing operations, the company reported net sales of $840 million, up 7 percent year-over-year, and a net loss of $6 million, or $(0.13) per diluted share, compared to a net loss of $26 million, or $(0.61) per diluted share, in the year-ago period. The 2008 quarter included a gain of $10 million, or $0.22 per diluted share,...

2008-09-30 18:01:04

Landec Corporation (Nasdaq:LNDC), today reported results for the fiscal year 2009 first quarter ended August 31, 2008. Revenues for the first quarter increased 15% to $71.8 million compared to revenues of $62.7 million for the same period a year ago. Operating income increased 26% to $4.6 million compared to $3.6 million in the prior year first quarter. The Company reported net income for the quarter of $2.8 million or $0.11 per diluted share compared to net income of $3.1 million or $0.11...

2008-09-16 18:00:24

CINCINNATI, Sept. 16 /PRNewswire-FirstCall/ -- Chiquita Brands International, Inc. today reported significant year-over-year increases in banana prices in all markets for July-August 2008 on volumes that were flat overall. In its Fresh Express value-added salads business, the company reported a year-over-year improvement in both net revenue per case and volume during the two-month period. "We are pleased that banana pricing remains favorable as we continue our pricing discipline to help...

2008-08-26 09:00:58

SHANGHAI, China and CINCINNATI, Aug. 26 /PRNewswire-FirstCall/ -- Chiquita Brands International, Inc. today announced it has entered into a joint venture with Haitong Food Group Co., Ltd. for the processing, sale and marketing of value-added fresh produce in China, marking the company's initial entry into an important emerging market. "Introducing the Chiquita brand to the emerging Chinese value-added produce market is an important strategic step in becoming a global leader in branded,...

2008-08-20 09:01:08

Chiquita Brands International, a marketer and distributor of fresh and value-added food products, has sold its wholly owned German distribution business, Atlanta, to Univeg Fruit and Vegetables for net proceeds of approximately E65 million, including working capital and net debt adjustments. The parties have also entered into a long-term strategic agreement in which Atlanta will continue to serve as Chiquita's preferred supplier of banana ripening and distribution services in Germany,...

2008-08-19 09:00:49

CINCINNATI, Aug. 19 /PRNewswire-FirstCall/ -- Chiquita Brands International, Inc. today announced that it has completed the previously announced sale of its wholly-owned German distribution business, Atlanta AG to UNIVEG Fruit and Vegetables BV for net proceeds of approximately euro 65 million, or $92 million, including working capital and net debt adjustments. The parties also entered a long-term strategic agreement in which Atlanta will continue to serve as Chiquita's preferred supplier...

2008-07-31 18:00:36

CINCINNATI, July 31 /PRNewswire-FirstCall/ -- Chiquita Brands International, Inc. today released financial and operating results for the second quarter 2008. For continuing operations, the company reported net sales of $1 billion, up 6 percent year-over-year, and income of $59 million, or $1.31 per diluted share, compared to $5 million, or $0.12 per diluted share, in the year-ago period. Including the results of discontinued operations, the company reported income of $62 million or $1.37...

2008-06-18 03:00:33

American International Group (AIG) announces that its Board of Directors has named Chairman Robert B. Willumstad to the additional position of CEO. Willumstad succeeds Martin J. Sullivan, who is leaving AIG and its Board of Directors. S&P reiterates hold. Lehman Brothers Holdings (LEH) posts $5.14 second quarter loss, vs. $2.21 EPS a year ago, on net revenues [total revenues less interest expense] of -$700 million, vs. +$5.5 billion for year-ago. The company says net revenues reflect...

2008-06-17 09:00:45

CINCINNATI, June 17 /PRNewswire-FirstCall/ -- Chiquita Brands International, Inc. today clarified certain comments made in its mid-quarter price and volume release issued yesterday. The company expects to deliver strong year-on-year improvement in operating performance for the second quarter and full year 2008. The company noted that the third quarter is traditionally a weak quarter for the company and the banana industry. Chairman and CEO Fernando Aguirre said, "We would like to clarify...