Key Points – Dole’s second-quarter revenue rose 2.9% to $2.5 billion, but profitability weakened: net income fell to $35.1 million, adjusted EBITDA declined to $117 million and adjusted EPS dropped to $0.46. – Higher fuel, shipping and fruit-sourcing costs pressured the Fresh…
uit segment, while Diversified Americas delivered strong growth, with revenue up 14% and adjusted EBITDA increasing to $20.6 million. – Dole maintained its 2026 adjusted EBITDA target of approximately $400 million and expects leverage to fall below 1.5 times by year-end following the $95 million Ecuador port sale and improved cash flow. – Carving Up Profits: 3 Food Stocks on the Thanksgiving Table Dole (NYSE:DOLE) reported second-quarter revenue growth but lower profitability as elevated fuel, shipping and fruit-sourcing costs weighed on its Fresh Fruit segment. Management said consumer demand for fresh produce remained resilient, while Diversified Americas continued to provide an offset to pressure in bananas and pineapples
Group revenue totaled $2.5 billion, up 2.9% on a reported basis and 1.7% higher on a like-for-like basis excluding foreign exchange effects, Chief Financial Officer Jacinta Devine said. Net income from continuing operations fell to $35.1 million from $52.9 million in the prior-year period. Adjusted EBITDA declined $20.4 million to $117 million, while adjusted diluted earnings per share were $0.46, compared with $0.55 a year earlier.
Fresh Fruit Costs Pressure Earnings – Dole is a Tasty Low Hanging Treat for Value Hunters Chief Executive Officer Rory Byrne said second-quarter results were in line with the company’s expectations, reflecting the impact of higher fuel and shipping costs associated with the conflict in the Middle East. He said the diversified business model helped mitigate those effects, particularly the performance of Diversified Americas. Fresh Fruit revenue was broadly unchanged from the prior year at $972.8 million.