Dole PLC Q2 revenue rises on growth in Diversified Fresh Produce

Dole

10/08/2026 11:14

Overview
Global fresh produce seller's Q2 revenue rose 2.9% yr/yr
Profitability impacted by higher fruit sourcing and shipping costs in Fresh Fruit segment
Company completed Ecuador port sale and acquired Greenfood Fresh Produce division post quarter-end

Outlook
Dole targets full-year 2026 Adjusted EBITDA of about $400 mln
Company expects routine 2026 capital expenditures of about $100 mln and interest expense of $58 mln
Dole says fuel and shipping costs remain elevated and geopolitical developments continue to create uncertainty

Result Drivers
HIGHER FRUIT AND SHIPPING COSTS - Co said profitability was pressured by increased fruit sourcing and shipping costs in the Fresh Fruit segment, including higher fuel and growing costs and adverse currency movements
DIVERSIFIED FRESH PRODUCE GROWTH - Revenue growth was driven by higher volumes and positive pricing in the Diversified Fresh Produce - Americas & ROW segment, especially in cherries, kiwi, and avocados
LEGAL AND RESTRUCTURING COSTS - Higher SMG&A expenses reflected a non-recurring charge related to settlement of a historical legal matter and some restructuring costs

Company press release: ID:nBw5hdyzVa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$2.50 bln
$2.52 bln (2 Analysts)
Q2 Adjusted EPS
Meet
$0.46
$0.46 (2 Analysts)
Q2 Adjusted Net Income
Beat
$43.70 mln
$43.20 mln (2 Analysts)
Q2 Adjusted EBITDA
Miss
$116.80 mln
$120.05 mln (2 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the fishing & farming peer group is "buy"
Wall Street's median 12-month price target for Dole PLC is $17.13, about 23.8% above its August 7 closing price of $13.83
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)