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Dole Food Company, Inc. Announces Fourth Quarter And Full Year Results

Segment Information from Continuing Operations (the two lines of fresh produce businesses remaining with the new Dole)

    Quarter Ended     Fiscal Year

 

December 29,

2012

   

December 31,

2011

December 29, 2012

   

December 31,

2011

Revenues: (In millions)
Fresh fruit $ 653 $ 743 $ 3,141 $ 3,757
Fresh vegetables 235 219 1,104 1,019
Corporate   -     -     2     2  
$ 888   $ 962   $ 4,247   $ 4,778  
 
Quarter Ended Fiscal Year

 

December 29,

2012

December 31,

2011

December 29, 2012

December 31,

2011

EBIT: (In millions)
Fresh fruit EBIT $ (20 ) $ 1 $ 103 $ 139
Fresh vegetables EBIT   4     7     25     31  
Total operating segments (16 ) 8 128 170
Corporate:
Net unrealized gain (loss) on foreign denominated instruments - 3 (1 ) (2 )
Share-based compensation (2 ) (2 ) (7 ) (6 )
ITOCHU transaction related costs (40 ) - (49 ) -
Operating and other expenses   (12 )   (14 )   (47 )   (53 )
Corporate   (54 )   (13 )   (104 )   (61 )
Total EBIT before disc. ops. $ (70 ) $ (5 ) $ 24   $ 109  
 

See Exhibit 2 for further detailed information on segments.

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