Dole plc

H1-24 results – strong update, full year guidance raised

  • Sectors : Foods
  • Companies : Dole plc

Ratings and price correct at time of issue.

  • Dole plc

    Closing Price: 1455c

  • RATING 24/08/21

  • PREVIOUS RATING N/A

DAVY VIEW

Dole’s robust Q2 like-for-like (LFL) adjusted EBITDA delivery of +8.2% was supported by strong growth across the Fresh Fruit and Diversified Americas and ROW divisions. Given its strong H1-24 performance and positive momentum into H2-24, Dole now anticipates FY24 adjusted EBITDA of “at least” $370m (previously: “at least” $360m). At first look, we envisage moderate upside to our current forecasts.

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Aug 14 2024, 00:18 IST/BST

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