Buy custom Chiquita Environmental Issues
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| Topic: |
Social Issues
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| Number of pages / Number of words: |
13 / 3426 |
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Fresh Cut sales are primarily driven from Fresh Express. The acquisition of Fresh Express increased net sales for this segment from $10 million to $539 million in just six months. While still operating at a loss of $3 million in 2005, this segment is expected to be profitable for 2006 fiscal year.3
Chiquita emerged from Chapter 11 bankruptcy in 2002 and has experienced an increase in net sales for all three-core segments each year...
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Net sales have increased almost 50% since 2003. Total operating income has been over $100 million each fiscal year since filing bankruptcy. Profitability is expected to increase in fiscal year 2006 due a full year of sales with Fresh Express as well as Chiquita’s adaptive efforts to circumvent the EU importing tariff by sourcing bananas for Europe from Asia rather than South America...
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