Dole reports 2.9% revenue growth in second quarter

by

Dole plc reported a 2.9% increase in second-quarter revenue to $2,499 million for the three months ended June 30, 2026, compared with $2,428 million in the same period of 2025. Adjusted EBITDA decreased 14.8% to $116.8 million, from $137.1 million, mainly due to higher fruit sourcing costs in the Fresh Fruit segment.

Net income increased to $35.1 million from $18.0 million, while net income attributable to Dole plc rose to $26.0 million from $10.0 million. Adjusted net income decreased 17.7% to $43.7 million, and adjusted diluted EPS fell to $0.46 from $0.55.

© Dole Plc

Fresh Fruit revenue was broadly unchanged at $972.8 million. Higher European banana volumes and underlying banana pricing in North America were offset by lower North American banana volumes and lower pineapple volumes. Adjusted EBITDA declined 30.9% to $50.3 million, reflecting higher fruit sourcing and shipping costs, higher pineapple growing costs, and the strengthening of the Costa Rican Colón against the U.S. Dollar.

Diversified Fresh Produce, Americas & ROW revenue increased 13.9% to $440.1 million, with Adjusted EBITDA rising 33.8% to $20.6 million. The result reflected higher North American volumes in kiwi and avocados, seasonal timing for cherries, and the partial restructuring of berry operations.

Diversified Fresh Produce, EMEA revenue increased 1.0% to $1,111.4 million, while Adjusted EBITDA decreased 6.2% to $45.9 million. Weaker performance in South Africa, the Netherlands, and Spain offset growth in Scandinavia.

For the first six months, Group revenue increased to $4,841.6 million from $4,527.8 million, while Adjusted EBITDA decreased to $217.1 million from $241.9 million. Free cash flow from continuing operations was an outflow of $51.0 million, compared with an outflow of $132.6 million a year earlier.

Dole completed the sale of its Ecuador port on July 1, with cumulative net cash proceeds expected to be approximately $95.0 million. The company also completed its acquisition of Greenfood Fresh Produce division in Scandinavia after the quarter.

Dole is targeting full-year Adjusted EBITDA of approximately $400 million for 2026. It continues to expect routine capital expenditures of approximately $100 million and interest expense of approximately $58 million.

To view the full report, click here.

For more information:
James O’Regan
Dole plc
Tel: +353 1 887 2794
Email: [email protected]
www.doleplc.com

Related Agroforestry News Posts:

  1. Expanding durian acreage size worries Vietnamese authorities The Vietnam’s durian cultivation area has grown by an average 24.5 percent annually since the year 2010. The cultivation area is 131,000 hectares currently and officials are concerned about an oversupply. In the Central Highland region has the largest durian...
  2. India’s imported dates market braces for fresh arrivals India’s imported date market is preparing for a rebound starting early September, with new harvest shipments expected from key origins like Iran and Saudi Arabia, says Mohammed Yaseen, Operations Manager at dry fruits importer Trivant Global. “Shipments from Iran and...
  3. The watermelon plantation could begin in the coming season There’s a constant abundance of good quality watermelon right now being delivered through The Nogales, Arizona region. “In California, in the next couple of weeks, there will be coincide with those,” says Dennis Peterson from Riverbend Fresh LLC. Initial reports...
  4. “This year was my most challenging year for figs I’ve encountered” The year 2023 is drawing to an end and has been an changes and ups. Yigit Gokyigit, commercial coordinator for Turkish fresh exporter Alanar declares that they were particularly satisfied with the cherry harvest this year “2023 was a difficult...
  5. “It’s essential that greenhouses are offered access to the same energy cost relief schemes” Major changes to the UK’s electricity transmission charging framework will take effect in April 2026, bringing higher fixed charges for businesses across the economy — including controlled-environment horticulture. These increases stem from substantial investment in the national transmission network. According...

Source: The Plantations International Agroforestry Group of Companies