Overview
Dole fiscal Q2 revenue grows 14.3%, beating analyst expectations, per LSEG data
Adjusted EBITDA for fiscal Q2 beats consensus, reflecting strong operational performance
Co completes sale of Fresh Vegetables division for $140 mln
Outlook
Dole targets full-year adjusted EBITDA of $380 mln to $390 mln
Company maintains capital expenditure guidance at $100 mln
Dole expects interest expense of $67 mln for fiscal year 2025
Company sees increased capex in Honduras supported by insurance proceeds
Result Drivers
FRESH FRUIT - Revenue growth driven by higher volumes and pricing of bananas and pineapples, despite increased fruit and shipping costs
DIVERSIFIED PRODUCE - Strong performance in EMEA and Americas & ROW segments, aided by favorable currency impacts
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$2.43 bln
$2.22 bln (2 Analysts)
Q2 Adjusted EPS
Beat
$0.55
$0.51 (2 Analysts)
Q2 Adjusted Net Income
Beat
$53.20 mln
$48.30 mln (2 Analysts)
Q2 Adjusted EBITDA
Beat
$137.10 mln
$122.10 mln (2 Analysts)
Q2 EPS continuing operations
$0.46
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the fishing & farming peer group is "buy"
Wall Street's median 12-month price target for Dole PLC is $18.00, about 18.7% above its August 8 closing price of $14.63
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nBw458w6ma
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)