Dole Q1 revenue rises on robust consumer demand

Dole

11/05/2026 11:08

Overview

Global fresh produce seller's Q1 revenue grew 11.6% yr/yr, driven by robust consumer demand

Adjusted EPS for Q1 fell yr/yr, impacted by higher fruit sourcing costs

Company repurchased 306,570 shares totaling $4.6 mln during the quarter

Outlook

Dole maintains full-year 2026 Adjusted EBITDA target of at least $400 mln

Company expects higher shipping and fuel costs in Q2, especially in Fresh Fruit segment

Dole lowers full-year interest expense guidance by $2 mln to about $58 mln

Result Drivers

HIGHER FRUIT COSTS - Co said increased sourcing costs for bananas and pineapples, including currency impacts, weighed on Fresh Fruit profitability

STRONG DEMAND & PRICING - Co said robust consumer demand and higher worldwide pricing, especially in Fresh Fruit, drove revenue growth

CURRENCY IMPACTS - Favorable foreign currency translation boosted revenue and segment results, especially in EMEA

Company press release: ID:nBwrBdmBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$2.34 bln
$2.23 bln (2 Analysts)
Q1 Adjusted EPS
Miss
$0.33
$0.34 (2 Analysts)
Q1 Adjusted Net Income
Miss
$31.20 mln
$32.55 mln (2 Analysts)
Q1 Adjusted EBITDA
Slight Miss*
$100.30 mln
$100.95 mln (2 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)