Dole plc Q2 Revenue Climbs 2.9% but Adjusted EBITDA Slips 14.8%; Full-Year Target Set at $400M

summarizeSummary

Dole plc posted Q2 2026 revenue of $2.5 billion, a 2.9% year-over-year increase, but Adjusted EBITDA fell 14.8% to $116.8 million as higher fruit sourcing and shipping costs weighed on results. The company is targeting full-year Adjusted EBITDA of approximately $400 million.

check_boxKey Events · Earnings and Guidance · DOLE

• Q2 Revenue Growth, Profit Decline

  Revenue increased 2.9% to $2.5 billion, but Adjusted EBITDA dropped 14.8% to $116.8 million, driven by higher fruit sourcing costs and elevated shipping expenses.

• Full-Year EBITDA Target Maintained

  Management targets full-year 2026 Adjusted EBITDA of approximately $400 million, implying a significant second-half ramp from the $217 million achieved in H1.

• Legal Settlement Charge

  A $23 million non-recurring charge for a historical legal matter weighed on operating income, contributing to the profit decline.

• Share Repurchases Continue

  Dole repurchased $10 million of shares in Q2 at an average price of $13.88; $85.4 million remains under the buyback program.

auto_awesomeAnalysis · DOLE · Industrial Applications And Services

Dole's second quarter delivered a mixed bag: revenue advanced to $2.5 billion, yet profitability came under pressure from higher fruit sourcing and shipping costs, driving Adjusted EBITDA down nearly 15%. Despite the squeeze, management left its full-year target of approximately $400 million in Adjusted EBITDA unchanged, signaling that cost headwinds should moderate. The period also included a $23 million legal settlement charge and ongoing share buybacks, with $85 million still available under the repurchase program. While the completed port sale and a recent acquisition add strategic flexibility, near-term margin compression remains the focal point for investors.