Chiquita decides to leave deciduous fruit business - The Packer

Chiquita decides to leave deciduous fruit business

10/17/2012 12:14:00 PM
Tom Karst

In its annual report released in late February, Chiquita indicated that sales of fresh produce other than bananas — mostly pineapples, grapes and avocados — have been falling in recent years. Sales of the “other produce” segment were $163 million in 2011, down from $261 million in 2010 and $253 million in 2010. Chiquita’s banana sales, at $2 billion, amounted to 64% of sales in 2011, up from 60% in 2010, according to Chiquita’s annual report.

In the company’s most recent quarterly report, Chiquita said sales of other produce were $84 million in the six months ending June 30, down 23% from the corresponding figure a year ago.

Sales of “other produce” saddled the company with an operating loss of $9.4 million for the six months ending June 30, according to the company’s quarterly report.

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E. macias    
Salinas CA  |  October, 17, 2012 at 04:32 PM

Purportedly all of the money will be going to the Food Safety Program

Bill Gerlach    
Colorado  |  October, 18, 2012 at 10:47 AM


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