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Feb 29 2024, 13:00 GMT
Dole’s full year profitability came in strongly above its guidance, beating consensus forecasts (c.$375m). Dole has announced the sale of its 65% stake in Progressive Produce for c.$120m as it continues its strategy of opportunistic non-core disposals. The FY24 outlook highlights a continued trend of inflation moderation and stability of energy costs, interest and key FX rates. Dole’s early stage FY24 guidance calls for adjusted EBITDA to be line with FY23 on like-for-like (LFL) basis. At first blush, we envisage limited changes to our forecasts.
Feb 29 2024, 13:00 GMT