Dole Q3 revenue meets expectations on North America volumes
DOLE•Dole’s third-quarter revenue rose 3.8% to $2.37 billion, matching expectations, while adjusted EBITDA increased 4.1% to $84.1 million, below expectations. The company lowered its 2026 adjusted EBITDA target to $380 million-$390 million from $400 million.
1. Quarterly results
Dole reported third-quarter revenue of $2.37 billion, in line with analyst expectations. Adjusted EBITDA rose 4.1% to $84.1 million, below the $95.03 million consensus; adjusted EPS was $0.16 versus expectations of $0.34, and adjusted net income was $15 million versus $31.6 million.
2. Outlook and segments
Dole targets 2026 adjusted EBITDA of $380 million to $390 million, down from its prior $400 million forecast. It expects higher shipping fuel costs in Europe to affect 2026 by about $16 million, reduced routine capital expenditure guidance to about $90 million, and maintained interest expense guidance at $58 million. Fresh Fruit revenue fell 8%, while Diversified Fresh Produce revenue rose 14.1%; EMEA revenue increased 9.3%, mainly reflecting the Greenfood Fresh Produce acquisition and Scandinavian growth.
3. Other company actions
Dole completed the sale of a port in Ecuador, boosting net income, and repurchased $10 million in shares.
