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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.

Company Overview

Dole Plc stands as a globally recognized entity in the fresh produce sector, renowned for its vertically integrated supply chain and extensive range of nutrient-rich fruits and vegetables. With roots tracing back to the mid-19th century across Ireland and Hawaii, and a modern consolidation emerging from the union of historic industry players, the company blends a rich heritage with contemporary operational efficiency. Dole Plc operates in significant markets such as North America and Europe, where it serves both retail and food service channels with an array of products that span from familiar staples to exotic selections.

Business Model and Operations

At the core of Dole Plc’s success lies a robust business model that integrates every stage of the fresh produce value chain. The company is actively involved in growing, sourcing, packing, marketing, and distributing over 300 lines of fresh produce. This comprehensive approach ensures that the entire process—from cultivation to consumer—is managed with precision and accountability, resulting in high-quality products with a strong emphasis on nutritional value and sustainability.

Vertically Integrated Supply Chain

Dole Plc’s fully integrated supply chain is a key differentiator in the competitive landscape of fresh produce. Operating out of numerous facilities across more than 30 countries, the company ensures rigorous quality control and operational efficiency from farm to fork. This vertical integration spans across various segments, including Fresh Fruit, Diversified Fresh Produce in the European, American, and other global markets, as well as Fresh Vegetables, enabling Dole Plc to respond agilely to market demands and maintain consistent product availability.

Global Market Presence and Segment Diversification

Dole Plc commands a significant presence in international markets. In the European market, particularly within the Diversified Fresh Produce EMEA segment, the company manages a portfolio that includes operations in countries like Ireland, Spain, France, and across Eastern Europe and beyond. Its diversification into various regional segments allows the company to adapt to local consumer preferences and supply chain dynamics, thereby fortifying its market position and operational resilience.

Product Portfolio and Quality Assurance

The extensive product portfolio of Dole Plc covers a diverse range of fruits and vegetables that cater to a wide array of consumer needs. By focusing on both the familiar and the exotic, the company not only meets global demand for everyday produce but also serves niche markets looking for rare and distinctive offerings. Dole Plc is known for its meticulous quality assurance processes that adhere to strict nutritional and safety standards throughout every stage of production and distribution.

Industry Expertise and Competitive Landscape

Backing its operations with decades of industry expertise, Dole Plc leverages deep market insights and sophisticated operational tactics to stand out in an increasingly competitive arena. The company’s strategic investments in technology and process optimization allow it to maintain a superior level of product quality and operational efficiency. While the broader industry faces challenges such as supply chain disruptions and evolving consumer preferences, Dole Plc’s well-integrated business model and diversified market approach provide a robust framework for sustained operational excellence.

Sustainability and Operational Efficiency

Although the company is rooted in business fundamentals rather than speculative financial forecasts, its commitment to sustainable practices is evident in how it optimizes resource use and minimizes environmental impact during production. The operational framework of Dole Plc ensures that sustainable practices are embedded in the day-to-day management of its facilities, enabling a balance between quality, cost-efficiency, and environmental stewardship. This focus on operational efficiency reinforces the company’s reputation as a reliable supplier of fresh produce in dynamic global markets.

Strategic Value Proposition

Dole Plc’s strategic value lies in its unique ability to combine a rich legacy with innovative supply chain management and diversified market operations. The company’s broad range of products, coupled with an unwavering commitment to quality, positions it as a trusted and authoritative source within the fresh produce industry. This strategic advantage not only drives the company’s operations but also offers a comprehensive understanding of the complexities involved in global food distribution and retail channels.

Conclusion

In summary, Dole Plc exemplifies a thoroughly integrated and dynamic business model within the fresh produce industry. By uniting decades of agricultural heritage with modern operational practices, the company delivers a wide range of high-quality, nutritious products to diverse markets across the globe. Its commitment to accurate quality control, diversification of product segments, and streamlined supply chain operations underscore Dole Plc's enduring significance and robust presence in both mature and emerging markets.

Rhea-AI Summary

Dole plc (NYSE: DOLE) reported robust first-quarter results for 2024, with revenue surging by 6.6% to $2.1 billion and net income skyrocketing by 219.5% to $65.4 million. Adjusted EBITDA rose by 9.7% to $110.1 million, and Adjusted Net Income increased to $40.6 million. The company completed the sale of a 65% stake in Progressive Produce, generating $120.3 million in gross proceeds and a $74.0 million gain. The sale proceeds helped reduce long-term debt by $100 million, bringing net debt to $776 million by quarter-end. Revenue gains were seen across all segments, driven by higher volumes and favorable currency impacts. Adjusted Diluted EPS improved to $0.43 from $0.34 the previous year. Despite normal seasonal cash flow outflows of $53.2 million, the company remains optimistic about its 2024 performance, maintaining its Adjusted EBITDA target of at least $360 million.

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Dole plc (NYSE: DOLE) is set to release its financial results for the first quarter of 2024 on May 15, 2024. The company will host a webcast and conference call on the same day. Investors can access the presentation, press release, and financial information on the company website. Details for joining the webcast and conference call are provided.
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Dole plc (NYSE: DOLE) released its annual report for the fiscal year ended December 31, 2023, accessible on its website and the SEC's site. Shareholders can request a free hard copy via mail or email.
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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 (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 (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 (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. 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 (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 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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FAQ

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

The current stock price of Dole Plc (DOLE) is $14.66 as of April 2, 2025.

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

The market cap of Dole Plc (DOLE) is approximately 1.4B.

What is the core business of Dole Plc?

Dole Plc focuses on the production, marketing, and distribution of fresh fruits and vegetables. Its operations encompass the entire supply chain from cultivation to retail distribution.

How does Dole Plc structure its operations?

The company operates through a vertically integrated business model, managing everything from growing and sourcing to packing and marketing. This structure enables stringent quality control and operational efficiency.

Which markets does Dole Plc serve?

Dole Plc has a global presence, with strong operations in North America and Europe. It serves diverse market segments including retail, wholesale, and food service channels.

What are the main segments within Dole Plc?

The company is segmented into various areas including Fresh Fruit, Diversified Fresh Produce across regions such as EMEA, Americas, and ROW, as well as Fresh Vegetables. This diversification helps address diverse consumer needs.

How does Dole Plc ensure the quality of its products?

Quality assurance is a key focus for Dole Plc, with strict protocols maintained throughout its integrated supply chain. These measures ensure that every product meets high nutritional and safety standards.

How does Dole Plc compare to its competitors?

Dole Plc differentiates itself by combining a rich agricultural heritage with state-of-the-art supply chain integration. This strategic blend of tradition and modernity allows the company to offer a reliable and diversified product range.

What operational advantages does Dole Plc have?

Its vertically integrated supply chain enables efficient management of resources and consistent quality control. This operational strength is reinforced by the company’s global reach and diversified market segmentation.
Dole Plc

NYSE:DOLE

DOLE Rankings

DOLE Stock Data

1.37B
65.53M
24.59%
60.07%
1.67%
Farm Products
Consumer Defensive
Link
Ireland
Dublin