Dole Non-GAAP EPS of $0.44 beats by $0.08, revenue of $2.36B misses by $20M; lowers FY guidance

Aug. 23, 2022 7:50 AM ETDole plc (DOLE)By: Deepa Sarvaiya, SA News Editor13 Comments
  • Dole press release (NYSE:DOLE): Q2 Non-GAAP EPS of $0.44 beats by $0.08.
  • Revenue of $2.36B (+95.0% Y/Y) misses by $20M.
  • Outlook FY22:
  • Revenue in the range of $9.1 billion to $9.4 billion vs consensus of $9.14B from the prior guidance range of $9.4B to $9.7B
  • Adjusted EBITDA in the range of $330.0 million to $350.0 million from the prior guidance range of $350M to $370M
  • Capital Expenditures of approximately $110.0 million
  • Net Interest Expense of approximately $60.0 million
  • Adjusted Effective tax rate in the range of 23% to 25%
    • Shares +2.56% PM.

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