Dole reports 3.8% revenue growth in third quarter of 2026

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Dole plc reported revenue of US$2.4 billion for the third quarter of 2026, an increase of 3.8 per cent compared with the same period in 2025. Net income rose from US$13.8 million to US$48.3 million, partly reflecting the sale of its Ecuador port operations.

Adjusted EBITDA increased 4.1 per cent to US$84.1 million, while adjusted net income remained unchanged at US$15.0 million. The company recorded a US$48.6 million gain from the Ecuador port sale, which also contributed to reducing net leverage to 1.3 times.

For the first nine months of 2026, revenue reached US$7.2 billion, compared with US$6.8 billion in 2025. Net income increased to US$121.2 million from US$76.0 million, while adjusted EBITDA declined from US$322.7 million to US$301.1 million.

© Dole Europe B.V.

Fresh fruit segment
Fresh Fruit revenue declined 8.0 per cent, or US$71.7 million, to US$818.7 million. The decrease reflected tariff impacts, lower banana volumes in North America, and reduced pineapple supplies in Europe following adverse weather.

Higher banana volumes in Europe, improved banana pricing in North America, and fuel surcharges partly offset these declines.

Adjusted EBITDA increased 6.0 per cent to US$28.8 million. However, higher pineapple growing costs, currency movements involving the Costa Rican Colón, and increased shipping expenses affected the segment.

Diversified fresh produce
Revenue in the Diversified Fresh Produce EMEA segment increased 9.3 per cent to US$1.09 billion, supported by the acquisition of Greenfood Fresh Produce in Scandinavia and underlying growth in the region. Lower sales in Spain partly offset the increase.

On a like-for-like basis, revenue increased 4.1 per cent. Adjusted EBITDA declined 3.1 per cent to US$39.5 million, reflecting lower earnings in the Netherlands and Spain, partly offset by increases in Scandinavia, Ireland, and the U.K.

In the Americas and Rest of World segment, revenue increased 14.1 per cent to US$479.2 million. Higher North American volumes of kiwifruit, avocados, grapes, and tomatoes contributed to the increase.

Adjusted EBITDA rose 22.8 per cent to US$15.8 million, supported by higher volumes in North America and export activity in the Southern Hemisphere.

Outlook
Dole completed US$10.0 million in share repurchases during the quarter. The company is also integrating Greenfood Fresh Produce and progressing plans for the Helsingborg facility.

Executive Chairman Carl McCann said higher operating costs had affected expectations for the remainder of 2026.

The company now forecasts full-year adjusted EBITDA of US$380 million to US$390 million.

To view the full report, click here.

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

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