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Dole plc - DOLE STOCK NEWS

Welcome to our dedicated page for Dole plc news (Ticker: DOLE), a resource for investors and traders seeking the latest updates and insights on Dole plc stock.

Dole plc (DOLE) stands as a global leader in the fresh produce industry, celebrated for its commitment to providing the most nutritious products with minimal environmental impact. With operations in 30 countries, Dole's extensive, vertically integrated supply chain spans the globe, encompassing over 250 facilities dedicated to growing, sourcing, packing, marketing, and distributing more than 300 varieties of fresh produce. The company's offerings range from everyday fruit and vegetables to more exotic selections, all aimed at promoting global health and sustainability.

Dole plc's history is steeped in tradition, originating from Ireland and Hawaii in the 1850s. The company as it is known today was officially established on July 30th, 2021, following the merger of Total Produce plc and Dole Food Company. This merger has bolstered Dole's position in the North American and European markets, where it operates through distinct segments: Fresh Fruit, Diversified Fresh Produce - EMEA, Diversified Fresh Produce - Americas and ROW, and Fresh Vegetables. Notably, the Diversified Fresh Produce - EMEA segment, which includes operations in Ireland, the Netherlands, Spain, Portugal, France, Italy, the U.K., Sweden, Denmark, South Africa, Eastern Europe, and Brazil, generates the majority of the company's revenue.

Dole's mission extends beyond commercial success. The company is keenly aware of its role in promoting healthy and sustainable food options. This is evident in its initiatives aimed at reducing its environmental footprint and ensuring the well-being of its consumers. Dole's dedication to sustainability is matched by its innovation in product offerings and efficient supply chain management, making it a cornerstone of the fresh produce sector.

Recent achievements and projects underscore Dole's ongoing commitment to excellence and sustainability. The company continues to explore new partnerships and expand its product range to meet the evolving needs of consumers worldwide. With a focus on quality and sustainability, Dole plc remains a trusted name in fresh produce, committed to making the world a healthier place.

News

Dole plc Announces Mutual Termination of Agreement with Fresh Express for the Sale of its Fresh Vegetables Division

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Dole plc terminates agreement with Fresh Express due to U.S. Department of Justice's decision to pursue litigation, believing the transaction was pro-competitive. Dole remains confident in finding an alternative path forward benefiting employees, customers, partners, and shareholders.
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Dole plc Announces Completion of Sale of Progressive Produce to Arable Capital

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Dole plc (NYSE: DOLE) completes the sale of its 65% stake in Progressive Produce LLC to PTF Holdings for $120.25 million.
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Dole plc Reports Fourth Quarter and Full Year 2023 Financial Results

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Dole plc (NYSE: DOLE) reported strong financial results for the year ended December 31, 2023, with revenue reaching $8.2 billion, a 2.8% increase. Net income rose by 39.3% to $155.7 million, and Adjusted EBITDA grew by 6.9% to $385.1 million. The company reduced its net debt by $204.2 million. Dole also announced the sale of its stake in Progressive Produce to Arable Capital Partners. The outlook for 2024 is positive, aiming to maintain Adjusted EBITDA levels from 2023.
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Dole plc Announces Sale of Progressive Produce to Arable Capital

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Dole plc (NYSE: DOLE) has agreed to sell its 65% equity stake in Progressive Produce LLC to PTF Holdings for $120.25 million. Progressive Produce is a leading produce company with annual sales over $400 million. The sale is expected to close in March 2024.
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Dole Fresh Vegetables, Inc. Announces Voluntary Recall of Limited Number of Salad Kits Due to Possible Health Risk from Listeria monocytogenes

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Dole Fresh Vegetables, Inc. is voluntarily recalling a limited number of salad kits due to potential Listeria monocytogenes contamination. The recall affects Dole, President’s Choice, and Marketside brands, distributed in multiple states and Canadian provinces. The products were processed on the same line as a cheese that has been recalled by the manufacturer, Rizo-Lopez Foods, for possible Listeria contamination. No specific illnesses have been reported, but consumers are urged to discard the products immediately.
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Dole plc Schedules Fourth Quarter and Full Year 2023 Earnings Release

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Dole plc (NYSE: DOLE) is set to release its financial results for the fourth quarter and full year of 2023 on February 29, 2024. The company will host a webcast and conference call on the same day at 08:00 a.m. Eastern Time, providing further financial information and a presentation. Investors and analysts can access the live webcast and replay on the company's website. The conference call details for US, Ireland, UK, and other international participants are also provided.
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Dole Receives Grand Winner Award for Efforts that Support its Workforce and Well-being in Costa Rica

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Dole plc (NYSE: DOLE) was recognized by the American-Costa Rican Chamber of Commerce (AmCham) with two Social Responsibility in Action Awards in Costa Rica. The company's 'Financial Education Program for Farm Employees' was honored as the Grand Winner for the second consecutive year, showcasing Dole's commitment to sustainable development and employee well-being. The program has led to a 7.34% improvement in the financial health index for 39% of the 275 graduates, demonstrating its undeniable impact.
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Dole plc Reports Third Quarter 2023 Financial Results

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Dole plc (NYSE: DOLE) released its financial results for the three and nine months ended September 30, 2023. Revenue increased by 4.2% to $2.0 billion, with Net Income up by 15.9% to $54.0 million. Adjusted EBITDA rose by 7.6% to $85.2 million. Fresh Fruit revenue decreased by 0.3% due to lower banana prices in North America, while Diversified Fresh Produce – EMEA saw a 12.7% increase in revenue. The company declared a cash dividend for the third quarter of 2023 of $0.08 per share, payable on January 4, 2024 to shareholders of record on December 14, 2023.
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Dole plc Schedules Third Quarter 2023 Earnings Release

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Dole plc will announce its Q3 2023 financial results on November 16, 2023. A webcast and conference call will be held, with a presentation and supplemental financial information available on the company website.
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Dole plc to Participate in TD Cowen’s Sipping & Snacking Summit

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Dole plc to participate in TD Cowen's Sipping & Snacking Summit on September 18-19, 2023
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FAQ

What is the current stock price of Dole plc (DOLE)?

The current stock price of Dole plc (DOLE) is $13.7 as of December 20, 2024.

What is the market cap of Dole plc (DOLE)?

The market cap of Dole plc (DOLE) is approximately 1.3B.

What is Dole plc known for?

Dole plc is known for being a global leader in the fresh produce industry, offering over 300 varieties of fruits and vegetables.

When was Dole plc established?

Dole plc was officially established on July 30th, 2021, following the merger of Total Produce plc and Dole Food Company.

In which markets does Dole plc operate?

Dole plc operates in the North American and European markets, encompassing regions such as EMEA, Americas, and ROW.

What segments make up Dole plc's operations?

Dole plc's operations are divided into segments including Fresh Fruit, Diversified Fresh Produce - EMEA, Diversified Fresh Produce - Americas and ROW, and Fresh Vegetables.

What is the mission of Dole plc?

Dole plc's mission is to promote healthy and sustainable food options, making the world a healthier place through its fresh produce.

How does Dole plc ensure sustainability?

Dole plc ensures sustainability by reducing its environmental footprint and focusing on the well-being of its consumers through various initiatives.

Where did Dole plc originate?

Dole plc's origins trace back to the 1850s in Ireland and Hawaii.

What recent achievements has Dole plc made?

Recent achievements include expanding partnerships, enlarging its product range, and pursuing sustainability and innovation in fresh produce.

What is the Diversified Fresh Produce - EMEA segment?

The Diversified Fresh Produce - EMEA segment includes Dole's operations in multiple European and South African countries, contributing significantly to its revenue.

Why is Dole plc considered a cornerstone of the fresh produce sector?

Dole plc is considered a cornerstone due to its extensive product range, commitment to sustainability, and efficient supply chain management.

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Dole plc

NYSE:DOLE

DOLE Rankings

#2303 Ranked by Market Cap
#1288 Ranked by Dividends

DOLE Stock Data

1.32B
65.40M
24.63%
60.71%
1.35%
Farm Products
Consumer Defensive
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