Dole plc reported a 14.3% increase in group revenue for the second quarter of 2025, amounting to an additional $304.3 million. This growth was attributed to strong operational performance across all segments and a favorable foreign currency impact of $57.2 million, although there was a partial offset due to a $9.6 million net negative impact from acquisitions and divestitures. On a like-for-like basis, revenue rose by 12.1%, or $256.7 million. Net income for the quarter decreased significantly by 79.6%, down $70.1 million to $18.0 million. This decline was primarily driven by a $35.0 million loss in discontinued operations, notably in the Fresh Vegetables segment, which was influenced by an additional non-cash held-for-sale fair value loss of $50.7 million. Dole plc has also adjusted its full-year guidance, now targeting an Adjusted EBITDA between $380.0 million and $390.0 million. This revision comes despite a complex macroeconomic environment. Additionally, Dole plc completed the sale of its Fresh Vegetables Division to Arable Capital Partners. This strategic move allows the company to focus more on its core business activities.
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