Dole Plc is a global leader in the production and distribution of fresh fruits and vegetables, catering to a diverse consumer base. The company is dedicated to providing high-quality, nutritious offerings while promoting sustainable agriculture practices. Dole's extensive product range includes fresh produce, packaged salads, and fruit snacks, making it a vital player in the food industry. With operations spanning multiple continents, Dole focuses on innovation, supply chain efficiency, and maintaining strong relationships with both growers and retailers to ensure a steady supply of premium produce to customers around the world.
Fresh produce company Dole (NYSE:DOLE) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales were flat year on year at $2.06 billion. Its non-GAAP profit of $0.19 per share was 4.4% below analysts’ consensus estimates.
September is living up to its connotation of being the most volatile month for the stock market but Dole (DOLE) and Pilgrim’s Pride (PPC) are two consumer food stocks that may be able to offer defensive safety in the portfolio.
Dole PLC reported a 6.6% increase in Q1 FY24 sales to $2.12 billion, matching analyst estimates. The growth was driven by strong operations and favorable currency impacts. Gross profit rose 8.7% to $194.7 million, while operating income surged over 100% to $71.5 million. Adjusted EPS of $0.43 exceeded the $0.31 estimate. The company also declared a $0.08 per share dividend.
A few agriculture stocks are attractive as they look poised to move higher even as a potential correction for the broader market looms. Let’s check out the opportunity in two pleasantly intriguing Agriculture-Operations Industry stocks
Adecoagro is benefitting from an increase in farmland, favorable sugar prices, and the El Nino weather pattern, which has been conducive to productive crop yields.
Companies Reporting Before The Bell • Children's Place (NASDAQ:PLCE) is projected to report quarterly earnings at $3.56 per share on revenue of $471.82 million.
U.S. stocks traded mixed, with the Dow Jones dropping around 50 points on Thursday. Here are some big stocks recording gains in today’s session. Urstadt Biddle Properties Inc. (NYSE: UBP) shares surged 28.5% to $19.72.
