News Formal

Dole cuts its full year earnings forecast

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 61%

United States News News

United States United States Latest News,United States United States Headlines

Fresh produce company Dole has reported higher revenues and earnings for the three months to the end of June but said it was cutting its full year earnings forecast.

Total Produce completed the acquisition of the remaining 55% of Dole Food Company to create Dole plc last year.

But"due to a slower than anticipated return to full operating profitability in our Fresh Vegetables segment and the translation impact from the strengthening US dollar, we are now targeting adjusted EBITDA in the range of $330m to $350m for the full year, a reduction of approximately 5.5% from prior guidance," Mr McCann said.

The company also said that the global economic environment remains uncertain and complex and it is seeing positive trends along with some further challenges for the remainder of the year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fruit giant Dole doubles revenue on back of merger with Total ProduceFruit giant Dole doubles revenue on back of merger with Total Produce via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »