March 1, 2001 |
Tough times in the California fruit business have caused the world's largest fruit and vegetable producer to sell off a large piece of its farming operations in the state and focus instead on marketing imported fruit. Westlake Village-based Dole Foods Co. will stop growing table grapes, peaches, plums and nectarines on four Central Valley ranches that employ 1,200 seasonal workers. Dole hopes to sell the 5,000 acres by the end of the year and will use the proceeds to pay down debt.
April 14, 2001 |
Dole Food Co., the world's largest fruit and vegetable producer, blasted a settlement between the U.S. and European Union over EU banana-import rules, saying the accord favors rival Chiquita Brands International Inc. The agreement, which allocates shares of the EU banana market to producers from various parts of the world before the quotas are scrapped in 2006, is anti-free trade, said Westlake Village-based Dole.
May 4, 1993
Business: Food, resorts Symbol: DOL Shares Outstanding: 59.4 million Market: NYSE Closing Price on 5/3/93: $36.13 Qtrly Profit (loss) for March 1993: $53.3 million Qtrly Revenue for March 1993: $766.5 million Dole Food Co., which traces its roots to 1851, is one of the nation's biggest processors and marketers of fresh fruits and vegetables, and it operates resort hotels in Hawaii. The company also had a homebuilding unit but that division, Castle & Cooke Homes Inc.
March 31, 1998 |
Dole Food Co. in Thousand Oaks has declared its regular quarterly dividend of 10 cents per share. The dividend is payable June 11 to shareholders of record May 21. Dole, with 1997 revenues of $4.3 billion, is the world's largest producer and marketer of fresh fruit and vegetables and also markets packaged foods.
May 16, 1990 |
Castle & Cooke Inc., a Los Angeles-based food and real estate company, will not be able to spin off its Dole Food Co. on schedule because of a delay in government approval and a tightening of credit in the real estate market, company officials said Tuesday. The company's directors decided that current credit conditions would make it difficult for Castle & Cooke's development operations to obtain bank financing if the separation occurred on schedule by the end of June.
October 22, 1991
Dole Food Co., a giant food production and real estate concern that recently relocated from Los Angeles to Westlake Village, reported a sharp drop in third-quarter earnings due to lower prices and increased costs at its banana operations. Dole's profit for the quarter ended Oct. 5 was $25.8 million, down 41% from $44 million in the year-earlier quarter. Revenues edged up 2% to $898.3 million from $879 million.