Key Points – Dole said first-quarter revenue rose about 12% year over year, but higher sourcing and operating costs meant adjusted EBITDA slipped to $100 million, slightly below last year.
Adjusted diluted EPS also edged down to $0.33 from $0.35. – The fresh fruit segment was pressured by elevated fruit sourcing costs, weather-related supply disruptions and currency effects, which hurt profitability even as revenue increased
Management expects some relief later in the year as pricing and fuel surcharges catch up. – Despite the cost headwinds, Dole kept its full-year 2026 adjusted EBITDA target of at least $400 million. The company also highlighted stronger performance in its diversified segments and ongoing capital investments, including a planned automation/AI warehouse project and the pending sale of its Ecuador port operations. – Carving Up Profits: 3 Food Stocks on the Thanksgiving Table Dole (NYSE:DOLE) reported a solid start to fiscal 2026, with management citing strong consumer demand, favorable momentum in its diversified businesses and continued cost pressure in fresh fruit during the company’s first-quarter earnings webcast. Chief Executive Officer Rory Byrne said revenue rose 12% year over year, supported by demand across key markets and “evolving dietary preferences influenced by GLP-1 adoption” as well as broader health and wellness trends.
Adjusted EBITDA was $100 million, which Byrne said was in line with the company’s expectations. – Dole is a Tasty Low Hanging Treat for Value Hunters The company maintained its full-year outlook, continuing to target adjusted EBITDA of at least $400 million for 2026 despite higher costs tied indirectly to the conflict in the Middle East. Revenue Rises, Adjusted Earnings Slip Chief Financial Officer Jacinta Devine said group revenue was 11.6% higher on a reported basis, reflecting positive demand and favorable foreign exchange movements. On a like-for-like basis, revenue increased 7%. – Dole plc Has Tough Time With…