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Dole Food Company, Inc. Announces Second Quarter 2012 Results And Strategic Business Review Update

Stocks in this article: DOLE

Segment Information (Unaudited)

    Quarter Ended     Half Year Ended

 

June 16,

2012

   

June 18,

2011

June 16,

2012

   

June 18,

2011

Revenues from external customers: (In millions)
Fresh fruit $ 1,138.5 $ 1,384.3 $ 2,262.2 $ 2,575.3
Fresh vegetables 288.6 258.9 524.5 489.1
Packaged foods   291.3     272.3     558.2     537.1  
$ 1,718.4   $ 1,915.5   $ 3,344.9   $ 3,601.5  
 
Quarter Ended Half Year Ended

 

June 16,

2012

June 18,

2011

June 16,

2012

June 18,

2011

EBIT: (In millions)
Fresh fruit EBIT $ 88.9 $ 107.7 $ 126.4 $ 173.5
Fresh vegetables EBIT 10.3 5.6 17.3 17.9
Packaged foods EBIT   17.5     25.8     33.8     38.0  
Total operating segments 116.7 139.1 177.5 229.4
Corporate:
Unrealized loss on cross currency swap - - - (3.8 )
Net gain (loss) on long-term Japanese yen hedges (1.6 ) 4.8 (0.6 ) (22.6 )
Net unrealized gain (loss) on foreign denominated instruments (0.5 ) (0.5 ) 3.1 (6.4 )
Share-based compensation (1.7 ) (1.4 ) (3.4 ) (2.6 )
Loss on early retirement of debt (0.4 ) - (0.4 ) -
Operating and other expenses   (12.3 )   (11.0 )   (24.1 )   (20.5 )
Corporate   (16.5 )   (8.1 )   (25.4 )   (55.9 )
Total EBIT before disc. ops. $ 100.2   $ 131.0   $ 152.1   $ 173.5  
 

See Exhibit 2 for further detailed information on the fresh fruit and packaged foods segments.

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