Last $10.32 USD
Change Today -0.10 / -0.96%
Volume 244.9K
CQB On Other Exchanges
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As of 8:04 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

chiquita brands intl (CQB) Snapshot

Open
$10.24
Previous Close
$10.42
Day High
$10.34
Day Low
$10.17
52 Week High
09/11/13 - $13.68
52 Week Low
11/12/13 - $9.24
Market Cap
484.2M
Average Volume 10 Days
286.9K
EPS TTM
$-0.78
Shares Outstanding
46.9M
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 in the United States, Central America, Europe, and the Middle East. It operates through three segments: Bananas, Salads and Healthy Snacks, and Other Produce. The Bananas segment is involved in the purchase, production, transportation, marketing, and distribution of bananas under the Chiquita brand to retail customers and wholesalers. The Salads and Healthy Snacks segment offers ready-to-eat, packaged salads under the Fresh Express and other labels; fresh vegetable and fruit ingredients used in foodservice; healthy snacks, including single-serve fruit snacks under the Chiquita brand name; and other processed fruit ingredient products. 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. The Other Produce segment markets and distributes pineapples and other produce items. It 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 and Executive Vice Presid...
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. Approves Amendment to Third Restated Certificate of Incorporation

Chiquita Brands International Inc. approved an amendment to the company's third restated Certificate of Incorporation regarding simple majority vote at the Annual Meeting of Shareholders held on May 22, 2014.

Chiquita Brands International Inc. Announces Company to Return Shipping Operations to Port of New Orleans After Four-Decade Hiatus

Chiquita Brands International Inc. announced that it will relocate its shipping operations from the Port of Gulfport in Mississippi to the Port of New Orleans. Chiquita plans to ship 60,000 to 78,000 twenty-foot-equivalent units,or TEUs, per year at the Port of New Orleans, representing a roughly 15% increase in current container volumes there. Chiquitas shipping operations will return to New Orleans after a nearly 40-year hiatus. The company, known as United Brands in the 1970s, relocated its shipping operations from the Port of New Orleans to the Port of Gulfport in the mid-1970s after more than seven decades of calling at the Port of New Orleans. An LSU economic impact study suggests the project will result in approximately 270 to 350 new permanent jobs in New Orleans based upon the range of TEUs shipped as well as an increase in total economic output of $373 million to $485 million over the next 10 years. Chiquita plans to ship 30,000 to 39,000 TEUs of bananas and other fresh fruit into the Port of New Orleans, as well as 30,000 to 39,000 TEUs of various outbound cargos. Company shipments in New Orleans are expected to begin by the first quarter of 2015. The project will strengthen both the states and the New Orleans ports ties to Central America. It will result in improved ocean transportation to those countries, and it helps further establish New Orleans as one of the premier ports for handling temperature-sensitive cargo. Additionally, the new ocean service will benefit shippers looking to export more cargo to Central America.

Chiquita Brands International Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Year 2014

Chiquita Brands International Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net sales of $762 million compared to $774 million for the same period of last year. Operating income was $1 million compared to $25 million for the same period of last year. Loss before income taxes was $19 million compared to income before income taxes of $6 million for the same period of last year. Net loss was $25 million or $0.53 per diluted share compared to net income of $2 million or $0.05 per diluted share for the same period of last year. Operating cash flow in negative was $8 million compared to operating cash flow of $15 million for the same period of last year. Capital expenditure was $11 million compared to $10 million for the same period of last year. The company reported comparable operating income was $7 million compared to comparable operating income of $23 million for 2013. For the year 2014, the company believes the actions it has taken year to date in 2014 enhance that strategy and position the company to remain on glidepath to 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. Capital expenditures will be $55 million to $60 million, gross interest expense of $55 million to $60 million.

 

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