Dole PLC Q2 revenue rises on growth in Diversified Fresh Produce
DOLE•Outlook
- Dole targets full-year 2026 Adjusted EBITDA of about $400 mln
- Company expects routine 2026 capital expenditures of about $100 mln and interest expense of $58 mln
- Dole says fuel and shipping costs remain elevated and geopolitical developments continue to create uncertainty
Overview
- Global fresh produce seller's Q2 revenue rose 2.9% yr/yr
- Profitability impacted by higher fruit sourcing and shipping costs in Fresh Fruit segment
- Company completed Ecuador port sale and acquired Greenfood Fresh Produce division post quarter-end
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Miss* | $2.50 bln | $2.52 bln (2 Analysts) |
| Q2 Adjusted EPS | Meet | $0.46 | $0.46 (2 Analysts) |
| Q2 Adjusted Net Income | Beat | $43.70 mln | $43.20 mln (2 Analysts) |
| Q2 Adjusted EBITDA | Miss | $116.80 mln | $120.05 mln (2 Analysts) |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
