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Aug 29 2019, 07:10 IST/BST
Despite a sundry of sector headwinds, Total Produce has delivered a resilient H1 performance and has reiterated full-year EPS guidance. While like-for-like (LFL) revenues in the core business were down 2% – challenged by competitive markets and international trade tensions – Dole’s EBITA was ahead of our expectations. Dole’s Fresh Vegetable benefitted from continued recovery in packaged salads following last year’s romaine product safety notices. We will hold our full-year EPS forecast whilst recalibrating our growth assumptions towards Dole.
Aug 29 2019, 07:10 IST/BST