US food company Chiquita Brands International has posted an 18% rise in quarterly earnings, helped by sales from an acquisition.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
