Dole Plc (DOLE) has released an update.
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Dole Plc has reported a robust first quarter in 2024, with a 6.6% rise in revenue to $2.1 billion and a significant 219.5% surge in net income to $65.4 million. This financial leap is attributed to strong performance across all business segments and includes the successful divestiture of a 65% equity stake in Progressive Produce, which bolstered the company’s financial standing. Reinforcing this positive momentum, Dole maintains its full-year Adjusted EBITDA target, signaling a confident outlook for the 2024 fiscal year.
For further insights into DOLE stock, check out TipRanks’ Stock Analysis page.
