Foods

Full-year guidance reiterated; Dole trading in line with expectations

  • Sectors : Foods
  • Companies : Total Produce | Dole plc

Ratings and price correct at time of issue.

  • Total Produce

    Closing Price: 160c

  • RATING 14/05/10

  • PREVIOUS RATING 30/06/09

    NEUTRAL

DAVY VIEW

Against a challenging market backdrop, Total Produce has reiterated earnings guidance for the year. Dole is trading in line with expectations during the seasonally important first half. Dole continues to rebuild salad volumes following consecutive product safety notices in romaine lettuce during 2018. We remain comfortable with our FY 2019E Dole EBITDA forecast ($230m) and envisage no material change to our FY 2019E group EPS.

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May 31 2019, 08:05 IST/BST

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