LOOKING GOOD! Chiquita Brands International Reaffirms FY 2009 Earnings Guidance
Thursday, 30 Apr 2009 04:01pm EDT
Chiquita Brands International announced that it continues to expect improved fiscal 2009 net income versus fiscal 2008 on a comparable basis. While first quarter results were better than expected, particularly in the Salads and Healthy Snacks segment, the Company's fiscal 2009 expectations remain the same. The Company continues to expect improved fiscal 2009 results, on a comparable basis, as a result of both profit-improvement strategies and cost reduction initiatives, primarily through improvements in salads. According to Reuters Estimates, analysts were expecting the Company to report net profit of $44.98 million for fiscal 2009.
