Sustainability Initiatives - Dole reduced its Scope 1 and Scope 2 global emissions by 12% from 2020, primarily due to investments in new vessels costing approximately $50 million[320]. - Dole expects to incur additional costs related to sustainability goals, but the scope and timing of these expenditures are currently uncertain[320]. - The company has made progress in sustainability initiatives, including the installation of solar panels and wind turbines at various facilities[320]. Financial Reporting and Goodwill - As of October 1, 2023, goodwill allocated to the Fresh Fruit reporting unit was $273.3 million, with the unit's fair value approximately 4% above its carrying amount[330][333]. - The carrying amount of the DOLE brand was $306.3 million as of October 1, 2023, with its fair value exceeding the carrying amount by approximately 2%[336]. - Dole's reporting units are at risk of future impairment, particularly in the Fresh Fruit and Diversified Fresh Produce – Americas & ROW segments[333]. Regulatory and Market Conditions - The EU's greenhouse gas emissions trading scheme will require Dole to purchase allowances for 40% of its emissions in 2024, increasing to 100% by 2026[319]. - Dole's operations are influenced by international regulatory restrictions and tariffs, which can impact sales and market competition[322]. - Dole's diversified sourcing portfolio aims to mitigate supply impacts from adverse weather events, although costs from such events may be material[319]. Pension Plans and Obligations - The weighted average discount rates for Dole's U.S. pension plan obligations and net periodic benefit income were 5.10% and 5.31%, respectively, for the year ended December 31, 2023[346]. - A 25-basis point decrease in the discount rates would increase the projected benefit obligation for the U.S. pension plans by $3.2 million[346]. - The pension expense for the U.S. plan for the year ended December 31, 2023, was determined using an expected annual rate of return on plan assets of 6.80%[348]. - As of December 31, 2023, the U.S. pension plan investment portfolio was allocated approximately 23% in equity securities, 51% in fixed income securities, and 14% in real estate[348]. - The weighted average discount rate for Dole's international pension plan obligations was 5.06% for the year ended December 31, 2023[346]. - A 25-basis point decrease in the assumed discount rate for international pension plans would increase the projected benefit obligation by $6.8 million[346]. - The pension expense for international plans was determined using an expected annual rate of return of 4.36% for the year ended December 31, 2023[349]. - As of December 31, 2023, the investment portfolio of international pension plans was allocated approximately 13% in equity securities, 33% in fixed income securities, and 6% in real estate[349]. - A 25-basis point change in the expected rate of return on U.S. pension plan assets would impact net periodic benefit income by $0.5 million[348]. - A 25-basis point change in the expected rate of return on international pension plan assets would impact net periodic benefit cost by $0.5 million[349].

DUBLIN--(BUSINESS WIRE)--Dole plc (NYSE: DOLE) (“Dole”) has today announced that it has completed the previously announced sale of its 65% equity stake in Progressive Produce LLC to PTF Holdings, LLC (“PTF Holdings”), the parent company of Pacific Trellis Fruit, LLC. PTF Holdings is a portfolio company of Arable Capital Partners, LLC (“Arable”). Dole has received gross cash proceeds of $120.25 million from this sale. Additional details of the transaction can be found in a press release issued on February 27 ...

Dole plc. (NYSE:DOLE) Q4 2023 Earnings Conference Call February 29, 2024 8:00 AM ET Company Participants James O'Regan - Head of Investor Relations Rory Byrne - CEO & Executive Director Jacinta Devine - CFO & Director Johan Linden - COO & Director Conference Call Participants Ben Bienvenu - Stephens Adam Samuelson - Goldman Sachs Christopher Barnes - Deutsche Bank Operator Hello, everyone. Welcome to the Dole plc Fourth Quarter and Full Year 2023 Earnings Conference Call and Webcast. Today's conference is b ...

Dole (DOLE) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 433.33%. A quarter ago, it was expected that this fresh fruit and vegetable company would post earnings of $0.11 per share when it actually produced earnings of $0.24, delivering a surprise of 118.18%.Over the last four quart ...

Exhibit 99.1 Dole plc Reports Fourth Quarter and Full Year 2023 Financial Results DUBLIN – February 29, 2024 - Dole plc (NYSE: DOLE) ("Dole" or the "Group" or the "Company") today released its financial results for the three months and year ended December 31, 2023. Highlights for the year ended December 31, 2023: Financial Highlights - Unaudited | | Three Months Ended | | Year Ended | | | --- | --- | --- | --- | --- | | | December 31, 2023 | December 31, 2022 | December 31, 2023 | December 31, 2022 | | | | ...

DUBLIN--(BUSINESS WIRE)--Dole plc (NYSE: DOLE) (“Dole” or the “Group”) has today announced that it has reached an agreement to sell its 65% equity stake in Progressive Produce LLC (“Progressive Produce” or the “Company”) to PTF Holdings, LLC (“PTF Holdings”), the parent company of Pacific Trellis Fruit, LLC (“Pacific Trellis Fruit”). PTF Holdings is a portfolio company of Arable Capital Partners, LLC (“Arable”). Dole will receive gross cash proceeds of $120.25 million from this sale. Progressive Produce, l ...

Dole Fresh Vegetables is recalling certain salad kits over concerns that they may be contaminated with potentially harmful bacteria.The California-based company is pulling a limited number of Dole-branded and private-label salad kits from the market because they were processed on the same line as the cheese that has been recalled from manufacturer Rizo-Lopez Foods, according to a recall notice posted by the Food and Drug Administration (FDA). Dole said salad kits sold under its brand name and the President ...

MONTEREY, Calif.--(BUSINESS WIRE)--Dole Fresh Vegetables, Inc. is voluntarily recalling from the market a limited number of Dole-branded and private label salad kits described below, which were processed on the same line as a cheese that has been recalled by the manufacturer, Rizo-Lopez Foods, for the possible presence of Listeria monocytogenes. (https://www.fda.gov/safety/recalls-market-withdrawals-safety-alerts/rizo-lopez-foods-inc-voluntarily-recalls-dairy-products-because-possible-health-risk) Listeria ...

DUBLIN--(BUSINESS WIRE)--Dole plc (NYSE: DOLE) will announce its financial results for the fourth quarter and full year of 2023 on Thursday, February 29, 2024, prior to the market opening. The company’s management will host a webcast and conference call on the same day at 08:00 a.m. Eastern Time. A presentation to accompany the discussion will be uploaded to the company website along with a press release and other supplemental financial information. The live webcast and a replay after the event can be acc ...

Scott Olson/Getty Images News Quick Overview It is a new trading week and to kick things off we are picking a relatively under-covered stock in the consumer staples sector, but a common sight in the fruit and juice aisles of many supermarkets, Dole plc (NYSE:DOLE). This is a brand that some of us grew up with over the last few decades, and thinking about it brings back memories of the smell of orange and pineapples. However, in February 2024 does it make for a good investment? Our thesis today is that this ...