Dole plc’s Profits Surge Despite Revenue Dip

Dole (DOLE) has released an update.

Dole plc has reported a slight revenue decline of 0.8% in Q2 2024, yet showcased a significant net income increase of 68.4% to $88.1 million, with an adjusted EBITDA rise of 2.2%. Despite facing headwinds from foreign exchange and divestitures, the company’s like-for-like revenue grew by 4.3%, signaling underlying business strength. Dole’s optimistic performance has led to an increased full-year adjusted EBITDA forecast to at least $370 million.

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