2023-03-07 06:02:45 ET
- Dole press release ( NYSE: DOLE ): Q4 Non-GAAP EPS of $0.09 beats by $0.04 .
- Revenue of $2.36B (+4.9% Y/Y) beats by $90M .
- Outlook:
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We are continuing to see improvements in global supply chains and signs of moderating inflation, which can have a positive impact on our business. However, we have also witnessed further weather events, such as colder weather in Spain and Northern Africa, which have created challenges for importers in Northern Europe at the start of the year.
Within our own business, we recently experienced a cybersecurity incident identified as ransomware. We moved quickly to contain the threat and have been working closely with leading cybersecurity experts to remediate the issue and secure our systems. We have also been cooperating with law enforcement. The incident had a limited overall impact on our operations; however, it was disruptive for our Chilean and Fresh Vegetables businesses in particular.
Overall, for full year 2023, we believe our business is well positioned for growth. While forecasting in the current environment is complex, we are targeting full year Adjusted EBITDA of $350.0 million. This target assumes no contribution from the Fresh Vegetables division.
For further details see:
Dole Non-GAAP EPS of $0.09 beats by $0.04, revenue of $2.36B beats by $90M