<p><strong>Charlotte, NC</strong></p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>Chiquita Brands has reported its financial and operating results for the third quarter of 2012. The Company reported GAAP net loss of $67 million on net sales of $714 million and comparable net loss of $22 million. For the same period in 2011, the company reported GAAP net loss of $29 million on net sales of $723 million and comparable net loss of $16 million.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><img src="https://cdn.andnowuknow.com/legacyWriterImages/chiquita-chart-one.jpg" alt="Chiquita Charts" class="story_image_cropped" /></p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>The 2012 third quarter GAAP net loss includes, among other items, $16 million ($12 million net of tax) in charges related to previously announced restructuring activities, $28 million in impairment and related charges for the company's investment in the Danone Chiquita Fruits SAS ("Danone JV") and $6 million ($4 million net of tax) in charges related to the company's headquarters relocation. The 2011 third quarter GAAP net loss includes, among other items, $11 million of refinancing costs.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>"Chiquita's third quarter results exceeded our internal expectations. While it was a challenging quarter, we made progress in positioning the company for future growth by becoming more competitive in our core banana and salads businesses," said Edward F. Lonergan, Chiquita's newly appointed president and chief executive officer.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://investors.chiquita.com/phoenix.zhtml?c=119836&p=irol-newsArticle&ID=1755823&highlight=">View Report</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.chiquita.com" target="_new"> Chiquita Brands International </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
