Dole Q2 Revenue Up 2.9% but EBITDA Misses on Higher Costs; Guides FY26 EBITDA to $400M
DOLE is trading near its 52-week low of $12.52 (7.8% above the low).
Summary
Dole's Q2 revenue rose 2.9% to $2.5 billion, driven by strong volumes and pricing in Diversified Fresh Produce, especially cherries, kiwi, and avocados. Adjusted EBITDA fell 14.8% to $116.8 million, missing the $120 million consensus, as higher fruit sourcing and shipping costs, adverse currency moves, and a legal settlement hit profitability. Adjusted EPS met estimates at $0.46, while net income slightly beat. Management set full-year 2026 Adjusted EBITDA guidance at about $400 million, implying a significant second-half ramp, and expects $100 million in capex and $58 million in interest expense. The company also completed the $75 million Ecuador port sale and acquired Greenfood's Fresh Produce division, reshaping its portfolio. With fuel and shipping costs still elevated and geopolitical uncertainty, the cost pressure story remains a key risk to the guidance.
At the time of this announcement, DOLE was trading at $13.50 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $12.52 to $16.57. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.