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DOLEBullishEarningsnews
Materiality pending

Dole's Profits Top Estimates Despite Sales Decline

Aug 14, 2024, 12:57 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

Dole surpassed Q2 profit and sales estimates despite demand decline. Dole raised full-year adjusted EBITDA outlook to at least $370 million. Diversified Fresh Produce sales in Europe rose 12.6%, while Americas fell 14.7%. Adjusted earnings per share reached 49 cents, exceeding forecasts.

  • Dole surpassed Q2 profit and sales estimates despite demand decline.
  • Dole raised full-year adjusted EBITDA outlook to at least $370 million.
  • Diversified Fresh Produce sales in Europe rose 12.6%, while Americas fell 14.7%.
  • Adjusted earnings per share reached 49 cents, exceeding forecasts.

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