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Dole plc Reports Fourth Quarter and Full Year 2024 Financial Results

1. Dole reports Q4 revenue of $2.2 billion, up 4.6% year-over-year. 2. Net loss of $31.6 million due to write-downs in Fresh Vegetables.

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FAQ

Why Bearish?

Despite revenue growth, a significant net loss raises concerns about operational efficiency. Historical examples show net losses often lead to stock price declines, particularly in food companies facing market pressures.

How important is it?

The financial results indicate stability in revenue but highlight significant losses that affect investor confidence. The non-cash write-down could signal deeper issues in the Fresh Vegetables segment, crucial for Dole's operational strategy.

Why Short Term?

Immediate investor reactions are likely to focus on the net losses reported. Past events, such as quarterly earnings misses, generally impact stocks quickly as market sentiment adjusts.

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CAGTSNDOLE
DUBLIN--(BUSINESS WIRE)--Dole plc (NYSE: DOLE) ("Dole" or the "Group" or the "Company") today released its financial results for the three months and year ended December 31, 2024. Highlights for the quarter ended December 31, 2024: Strong fourth quarter operational performance for the Group Revenue of $2.2 billion, an increase of 4.6% (an increase of 10.1% on a like-for-like basis1) Net Loss of $31.6 million, primarily due to a non-cash write-down of the carrying value of the Fresh Vegetables d.

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