Skip to main content


U.S.: Chiquita gets back in the black in Q3

November 5th, 2015

Lower costs saved the day for Chiquita Brands International during the third quarter of 2015, offsetting a 9% year-on-year reduction in net sales. 

Net income for the period was reported to be US$10.17 million, a significant increase from the loss of US$17.96 million suffered in the same quarter last year.

While net sales slipped from US$738.55 million to US$674.7 million, the reduction in cost of sales was greater, dropping 12% to US$581.66 million.

The primary drivers of lower costs were said to be reduced weather impacts, lower fruit volumes in 2015 and lower fuel costs.

Looking at specific business segments, ‘salads and healthy snacks’ was the only category to see an increase in net sales, rising 1% to US$237.72 million.

Sales in the banana business fell 13% to US$416.22 million, while the ‘other produce’ category saw a greater decline of 23% to come in at US$20.76 million.

In a U.S. Securities and Exchange Commission (SEC) filing, Chiquita explained the decrease in banana sales was due to lower volume sold in North America and the impact from foreign exchange, offset slightly by higher banana pricing.

The reduced cost of banana sales was credited to lower overall volume and spot purchases, improved productivity on owned farms, and lower fuel costs.

The positive performance of the salads and healthy snacks segment was a result of increased retail volume, improved product mix and more efficient use of trade spend, offset by a decline in sales volume for the food service and processed fruit ingredient businesses.

The decline in cost of sales for the category was explained principally by increased operational efficiencies and reduced fuel costs.

Meanwhile, the reduction in both sales and costs for the ‘Other produce’ segment was attributed to lower volume.

“As a result of the items discussed above, our operating income was higher than the third quarter of 2014, slightly offset by additional Corporate costs driven by the $8 million of transaction costs in connection with the Merger Agreement,”
  the company said.

“Excluding transaction costs, Corporate costs improved due to lower legal fees, medical cost reductions and staffing and operating efficiencies.”


Popular posts from this blog


While "Flavor" is very subjective, and each country that grows mangoes is very nationalistic, these are the mango varieties that are the most sought after around the world because of sweetnesss (Brix) and demand.

The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
Carabao claims to be the sweetest mango in the world and was able to register this in the Guiness book of world records.
Perhaps it is time for a GLOBAL taste test ???

In alphabetical order by Country....



Alphonso (mango)
From Wikipedia, the free encyclopedia

Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 

It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

Mangoes date back 65 million years according to research ...

Experts at the Birbal Sahni Institute of Palaeobotany (BSIP) here have traced the origin of mango to the hills of Meghalaya, India from a 65 million year-old fossil of a mango leaf. 

The earlier fossil records of mango (Mangifera indica) from the Northeast and elsewhere were 25 to 30 million years old. The 'carbonized leaf fossil' from Damalgiri area of Meghalaya hills, believed to be a mango tree from the peninsular India, was found by Dr R. C. Mehrotra, senior scientist, BSIP and his colleagues. 

After careful analysis of the fossil of the mango leaf and leaves of modern plants, the BISP scientist found many of the fossil leaf characters to be similar to mangifera.

An extensive study of the anatomy and morphology of several modern-day species of the genus mangifera with the fossil samples had reinforced the concept that its centre of origin is Northeast India, from where it spread into neighbouring areas, says Dr. Mehrotra. 

The genus is believed to have disseminated into neighb…

DHL (INDIA) makes gifting mangoes as easy as 1-2-3-....

Gifting mangoes is now easy with DHL
Announcement / Corporate

 May 19, 2011, 14:04 IST

Come this summer pamper your loved ones abroad with a box of delicious mangoes through DHL’s Express Easy Mango service, a unique one-stop-shop and hassle-free service for gifting mangoes all across the world.

This unique service by DHL Express, the world’s leading express company, allows customers to send mangoes from India across the world to the following countries Belgium, Canada, Czech Republic, Germany, Greece, Hungary, Hong Kong, Italy, Luxemburg, Maldives, Netherlands, Norway, Oman, Qatar Singapore, Switzerland and Sweden.

Mangoes can be availed of free of cost by merely paying for the Air Express service. In addition, DHL Express assists customers with the necessary paperwork along with procurement of quality-grade Alphonso mangoes.

Commenting on the new service, Mr. R.S Subramanian, Country Head, DHL Express India said: “With the advent of the mango season, it is no wonder that DHL Express Ea…