Why Dole Shares Are Plunging Today
Dole PLC (NYSE:DOLE) reported first-quarter FY22 sales growth of 113.5% year-on-year, to $2.25 billion, missing the consensus of $2.32 billion. On a pro-forma comparative basis, revenue decreased marginally, primarily due to a decrease in Fresh Vegetables resulting from the Value Added salads product recall in January and February 2022 and negative foreign currency…
Benzinga ·