RevenuesRevenues decreased 6% to $2 billion during the third quarter ended October 6, 2012, primarily as a result of the divestitures of two of our fresh fruit subsidiaries (German subsidiary and Dole Spain). Excluding third quarter 2011 revenues of $186 million from these divested businesses as well as third quarter 2012 sales of $13 million from the fourth quarter 2011 berry business acquisition, third quarter sales increased 2%. Fresh fruit revenues, excluding the impact from the divestitures, increased slightly primarily as a result of improved pricing and higher volumes in Europe and improved pricing for Chilean deciduous fruit and other fresh fruit sold in Asia. Lower pricing and volumes for bananas in North America and Asia somewhat offset these increases. Fresh vegetables revenues increased 10%, primarily due to improved pricing for fresh-packed vegetables and packaged salads, and the berry business acquisition. Excluding the berry acquisition, fresh vegetables revenue improved 6%. Packaged foods revenues increased 3%, primarily due to higher sales of frozen fruit and healthy snacks in North America, partially offset by lower volumes of packaged fruit products sold in North America.
Dole Food Company, Inc. Announces Third Quarter 2012 Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.