US food company Chiquita Brands International has posted an 18% rise in quarterly earnings, helped by sales from an acquisition.
Cincinnati-based Chiquita, which emerged from bankruptcy protection last year, reported second-quarter profit of $57m, or $1.41 per share, compared with $48m, or $1.19 per share, a year earlier.
The company’s net sales rose to $840m from $397m a year earlier, boosted by the company’s acquisition of fresh produce distributor Atlanta in March.
Chiquita said it expect gross cost cuts in 2003 to exceed its previous target of $40m, reported Reuters.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData