The aim of the work was to study the postharvest changes in Manzanilla olives and to find treatments to mitigate damages because of bruises. The phenolic content in bruised and unbruised fruits exposed to air always decreased, but the loss in phenols and the respiratory activity were greater in bruised olives; these changes were related to the appearance of brown spots. Immersion of the picked fruits in a cold (8 °C) acidic solution (pH 3), ascorbic acid solution (100 mM), or sodium metabisulfite solution (100 mM) significantly reduced the loss in phenols in olives and led to lighter brown bruised areas. This immersion did not affect the behavior of the fruits during the lye treatment and the subsequent fermentation. In the final product, no influence on the surface color of unbruised olives was observed and there was a significant color improvement in the bruised areas of damaged olives.