News and insight for North America's fresh produce buyers
Carl Collen


Friday 6th November 2015, 03:28 Central Time

Sales tumble at Chiquita

Fresh produce group reports its third quarter results, with lower sales in bananas and other produce

Sales tumble at Chiquita

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Chiquita Brands International has filed its third quarter results with the US Securities and Exchange Commission, with the US-based fresh produce group reporting on a year-on-year loss in sales.

Net sales came in at US$674.7m for the quarter, down from US$738.5m, and total sales for the nine months to the end of September fell to US$2.18bn from US$2.33bn.

Banana sales dropped 12.8 per cent for the quarter to US$416.2m, while sales in the group's other produce segment slid 22.6 per cent to US$20.7m.

However, lower costs throughout the group helped it turn a net income loss of US$17.9m in Q3 2014 into a gain of US$10.2m this year.

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