Chiquita Brands (CQB) Chairman Clarifies Comments Made Yesterday About Q3 Outlook
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Chiquita Brands International, Inc. (NYSE: CQB) today clarified certain comments made in its mid-quarter price and volume release issued yesterday.
Chiquita's Chairman and CEO, Fernando Aguirre said, "We would like to clarify that, assuming continued pricing and foreign exchange trends as well as current cost expectations, the 'significant loss' anticipated in the third quarter of 2008 is expected to be roughly in line with the loss incurred during the third quarter of 2007. Consistent with our earlier disclosures, we continue to expect to deliver much better performance for 2008 versus year ago."
Chiquita Brands International, Inc. and its subsidiaries engage in the distribution and marketing of bananas and fresh produce under the Chiquita and other brand names worldwide.
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