Dole plc: Update on Voluntary Recall for Salads Processed by Dole Fresh Vegetables at its Bessemer City, NC and Yuma, AZ Facilities Due to Possible Health Risk from Listeria monocytogenes
Dole plc (NYSE: DOLE) announced a product recall for salads processed at its Bessemer City, NC, and Yuma, AZ, facilities due to potential Listeria contamination. The recall, issued on December 22, 2021, has led to the suspension of operations at both facilities. Dole is conducting thorough investigations alongside regulatory agencies and implementing extensive sanitation protocols. The estimated one-off cost from this temporary suspension ranges between $15 million to $25 million.
- Dole is actively investigating and collaborating with regulatory agencies to manage the recall effectively.
- Extensive cleaning and sanitation protocols are being implemented to ensure safety.
- The product recall could negatively impact sales and revenue in the short term.
- The estimated one-off cost of $15 million to $25 million from the operational suspension presents a significant financial burden.
The company is carrying out a detailed investigation into the matter and is working closely with the regulatory agencies. Out of an abundance of caution the company has suspended operations at both packing facilities and is reviewing all the processes including conducting an extensive cleaning and sanitation protocol. It is estimated the one-off cost associated with this temporary suspension will be between
Office: 818.874.4647 |
About
A global leader in fresh produce,
Forward-looking information
Certain statements made in this press release that are not historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management’s beliefs, assumptions, and expectations of our future economic performance, considering the information currently available to management. These statements are not statements of historical fact. The words “believe,” “may,” “could,” “will,” “should,” “would,” “anticipate,” “estimate,” “expect,” “intend,” “objective,” “seek,” “strive,” “target” or similar words, or the negative of these words, identify forward-looking statements. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates, or expectations contemplated by us will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity. Accordingly, there are, or will be, important factors that could cause our actual results to differ materially from those indicated in these statements. If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from what we may have expressed or implied by these forward-looking statements. We caution that you should not place undue reliance on any of our forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made except as required by the federal securities laws.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211224005091/en/
Investor Contact:
James O Regan, Head of Investor Relations,
joregan@totalproduce.com
Media Contact:
philip.elwood@ogilvy.com
+1 202 423 7957
julianna.richter@ogilvy.com
+1 646 427 4185
brian.bell@ogilvy.com
+353 87 2436 130
Source:
FAQ
What triggered the Dole product recall?
When did Dole announce the product recall?
What facilities are involved in the Dole salad recall?
What are the estimated costs associated with Dole's product recall?
