| Business Summary | | Chiquita
Brands
International
Inc.
is
an
international
marketer,
producer
and
distributor
of
quality
fresh
fruits
and
vegetables
and
processed
foods
sold
under
the
"Chiquita"
and
other
brand
names.
The
Company
conducts
its
business
through
subsidiaries,
which
operate
in
two
segments.
The
segments
are
organized
primarily
on
a
product
line
basis,
with
each
segment
offering
a
variety
of
different
but
related
products.
The
Fresh
Produce
segment
includes
the
sourcing,
transportation,
distribution
and
marketing
of
Chiquita
bananas
and
a
wide
variety
of
other
fresh
fruits
and
vegetables.
The
Processed
Foods
segment
consists
of
the
production,
distribution
and
marketing
of
the
Company's
private-label
and
branded
canned
vegetables,
branded
fruit
juices
and
beverages,
processed
bananas
and
edible-oil
based
consumer
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Chiquita
Brands
International
is
an
international
marketer,
producer
and
distributor
of
bananas
and
other
fresh
and
processed
food
products.
For
the
six
months
ended
6/30/01,
net
sales
decreased
7%
to
$1.17
billion.
Net
loss
before
extraordinary
item
totaled
$6.9
million
vs.
an
income
of
$45.9
million.
Revenues
reflect
a
weakness
in
major
European
currencies.
Net
loss
also
reflects
a
decreased
gross
margin
as
a
result
of
increased
fuel
costs
and
an
increased
interest
expense. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
595,400;
after
tax
earnings
were
-11,000. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Carl Lindner, 81 Chairman | $65K | Steven Warshaw, 47 Pres,
CEO, Director | 1.5M | Keith Lindner, 41 Vice
Chairman | 54K | James Riley, 49 CFO,
Sr. VP | -- | Peter Horekens, 52 Pres
and COO of the Company's Chiquita Fresh Group - Europe | 467K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|