date:Aug 14, 2013
nsolidation.
For the banana segment, operating income climbed to $55 million from $29 million during the same period of the prior year. Chiquitas banana business benefited from higher volumes in North America and lower sourcing costs, but segment sales dropped to $519 million, down from $533 million during the same quarter of the previous year, due to lower volume sales in Europe and the Middle East, as well as lower prices in North America.
Strategic exits from unprofitable businesses have co