Last $14.47 USD
Change Today +0.02 / 0.14%
Volume 605.8K
CQB On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

chiquita brands intl (CQB) Snapshot

Open
$14.46
Previous Close
$14.45
Day High
$14.48
Day Low
$14.46
52 Week High
11/21/14 - $14.50
52 Week Low
08/1/14 - $9.47
Market Cap
681.7M
Average Volume 10 Days
427.7K
EPS TTM
$-0.99
Shares Outstanding
47.1M
EX-Date
09/25/06
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CHIQUITA BRANDS INTL (CQB)

chiquita brands intl (CQB) Details

Chiquita Brands International, Inc., together with its subsidiaries, markets and distributes bananas and pineapples, packaged salads, and other fresh produce primarily in the United States, Central America, Europe, and the Middle East. Its Bananas segment purchases, produces, transports, markets, and distributes bananas under the Chiquita brand to grocery retailers, ripeners, and wholesalers. The company’s Salads and Healthy Snacks segment offers packaged and ready-to-eat salads under the Fresh Express and private labels; fresh vegetable and fruit ingredients used in foodservice; healthy snacks, including single-serve fruit snacks under the Chiquita brand name; and banana puree and other processed fruit ingredients to food manufacturers and quick service restaurants. This segment also sells fresh-cut produce, such as lettuce, tomatoes, spinach, cabbage, and onions to foodservice distributors; and purchases, processes, packages, and distributes various fresh-cut apples. Its Other Produce segment markets and distributes pineapples and other produce items. The company also licenses its Chiquita brand to third parties. Chiquita Brands International, Inc. was founded in 1899 and is headquartered in Charlotte, North Carolina.

20,000 Employees
Last Reported Date: 03/4/14
Founded in 1899

chiquita brands intl (CQB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $900.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $311.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $595.0K
Chief People Officer and Executive Vice Presi...
Total Annual Compensation: $460.0K
Compensation as of Fiscal Year 2013.

chiquita brands intl (CQB) Key Developments

Chiquita Brands International Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Expenditure Guidance for the Fiscal Year 2014

Chiquita Brands International Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $739 million against $723 million a year ago. Operating loss was $1 million against operating income of $1 million a year ago. Loss before income taxes was $17 million against $14 million a year ago. Net loss was $18 million or $0.38 per diluted share against $18 million or $0.38 per diluted share a year ago. Operating cash flow was $2 million against $29 million a year ago. Capital expenditures were $14 million compared to $15 million a year ago. Adjusted EBITDA was $26 million compared to $18 million a year ago. The company reported comparable operating income of $12 million compared to comparable operating income of $2 million for 2013. For the nine months, the company reported net sales of $2,326 million against $2,309 million a year ago. Operating income was $36 million against operating loss of $67 million a year ago. Loss before taxes was $14 million against profit before taxes of $20 million a year ago. Net loss was $25 million or $0.53 per diluted share against net profit of $16 million or $0.33 per diluted share a year ago. Operating cash flow was $41 million against $92 million a year ago. Capital expenditures were $39 million compared to $36 million a year ago. For the fiscal year 2014, the company expects capital expenditures of $55-$60 million. The company management believes that the company remains on glidepath to its long term EBIT margin targets - to achieve run-rate target EBIT margins of 4% for Bananas and 7-8% for Salads by the end of 2015.

ChiquitaFYFFES Files Form 15

ChiquitaFYFFES Limited announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Ordinary shares, nominal value, $0.01 per share under the Securities Exchange Act of 1934, as amended.

Investor Files Lawsuit Against Chiquita Brands International Inc. to Stop the Proposal of Takeover by Fyffes plc

The Shareholders Foundation Inc. announced that an investor, who currently holds shares of Chiquita Brands International Inc. (CQB), filed a lawsuit in effort to stop the proposed takeover of Chiquita Brands International Inc. by Fyffes plc. On March 10, 2014, Chiquita Brands International Inc. and Fyffes plc announced that the Boards of Directors of both companies have approved an agreement under which Chiquita Brands International Inc. will combine with Fyffes plc. On August 11, 2014, Chiquita Brands International Inc. confirmed that it has received an offer from the Cutrale Group and the Safra Group to acquire all of the outstanding common stock of Chiquita at a price of $13.00 per share in cash to Chiquita shareholders. On August 14, 2014, Chiquita Brands International Inc. rejected the offer. Then on September 26, 2014, Chiquita Brands International Inc. (CQB) and Fyffes plc announced that the Boards of Directors of both companies have approved a revised agreement for the proposed combination of Chiquita Brands International Inc. and Fyffes plc. However, the plaintiff claims that the implied value that CQB shareholders were to receive pursuant to the original Fyffes transaction announced on March 10, 2014 was only approximately $10 and that the revised transaction announced on September 26, 2014 would only value the Chiquita shares at $11.89 per share. The plaintiff also says that under the new terms of the transaction, the Termination Fee increased from 1.0% of its equity value to 3.5% of its equity value, should Chiquita Brands International accept a 'Superior Proposal', or negotiate with an unsolicited 'Alternative Proposal'' and that this alleged onerous Termination Fee is a deal protection device that substantially reduces the possibility that Chiquita Brands International Inc. would be sold to Cutrale-Safra, or any other third-party bidder, as any competing bidder would essentially be required to pay a naked premium for the right to provide Chiquita Brands International's stockholders with a superior offer.

 

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CQB Competitors

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Company Last Change
Britvic PLC 677.00 GBp +22.00
Fresh Del Monte Produce Inc $33.79 USD +0.06
National Beverage Corp $25.60 USD -0.48
Relentless Resources Ltd C$0.26 CAD 0.00
Total Produce PLC €0.96 EUR +0.016
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CQB

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Valuation CQB Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 1.8x
Price/Cash Flow 91.1x
TEV/Sales NM Not Meaningful
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