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DOLE Dole News Story

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Dole Q2 revenue up 14.3%, beats estimates

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

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$2.43 bln$2.22 bln (2 Analysts)
Q2 Adjusted EPSBeat$0.55$0.51 (2 Analysts)
Q2 Adjusted Net IncomeBeat$53.20 mln$48.30 mln (2 Analysts)
Q2 Adjusted EBITDABeat$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.)

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