Dole plc sources, produces, distributes, and markets fresh fruits and vegetables worldwide. It operates through three segments: Fresh Fruit; Diversified Fresh Produce - EMEA; and Diversified Fresh Produce - Americas and ROW. Its products include bananas, pineapples, plantains, avocados, kiwis, apples, berries, and cherries, as well as imported and local fresh produce sold through retail, wholesale, e-commerce, and food service channels. The company also engages in a commercial cargo business, offers products under the DOLE brand, and serves grocery stores, wholesalers, mass merchandisers, supercenters, foodservice operators, club stores, convenience stores, distributors, and smaller regional customers. Dole plc was incorporated in 2017 and is headquartered in Dublin, Ireland.
Mission Produce Blueberry Sales Rise to $5.4 Million as Seasonal Ramp Looms
Mission Produce's blueberry business is emerging as a potentially meaningful complementary operation beyond its core avocados, with fiscal third-quarter blueberry sales rising to $5.4 million from $4.5 million a year earlier. Segment adjusted EBITDA, however, slipped to a loss of $0.1 million from a profit of $0.5 million, a swing management attributes to pronounced seasonality, noting that most blueberry sales and profitability are concentrated in the fiscal fourth and first quarters. Management expects the seasonal blueberry ramp to support a meaningful improvement in fourth-quarter cash generation and cited it as one of the drivers behind a projected sequential increase in adjusted EBITDA, as newer acreage in Peru matures and yields improve. Separately, Corteva is positioned to benefit from sustained demand for agricultural productivity solutions across its seeds, crop protection and biological offerings, while Dole faces supply- and cost-driven margin pressure in its Fresh Fruit segment from higher fruit sourcing, shipping and fuel costs, adverse weather affecting pineapple availability and unfavorable currency movements, partly cushioned by stronger performance in its Diversified Fresh Produce — Americas & ROW segment on healthy kiwi and avocado volumes. Mission Produce shares have gained 13.3% in the last three months versus the industry's 4.5% growth, and the stock trades at a forward price-to-earnings ratio of 16.66X against the industry's average of 14.89X.
AVO · Demand · Positive Blueberry sales rose to $5.4M from $4.5M as newer Peru acreage matures, with a seasonal Q4 ramp expected to lift cash generation and EBITDA.
DOLE · Supply · Negative Dole faces supply- and cost-driven margin pressure in Fresh Fruit from higher sourcing, shipping and fuel costs and adverse weather hitting pineapple availability.
Dole Revenue Rises 2.9% to $2.499 Billion as Fruit Costs Cut Adjusted EBITDA 14.8%
Dole plc reported second-quarter 2026 results on August 10, with revenue climbing 2.9% to $2.499 billion for the three months ended June 30 and net income more than doubling to $35.1 million, even as Adjusted EBITDA fell 14.8% to $116.8 million on higher fruit sourcing costs. The Diversified Fresh Produce - Americas & ROW segment was the bright spot, with revenue up 13.9%, or $53.8 million, and Adjusted EBITDA up 33.8%, or $5.2 million, on seasonal North American cherries, kiwi and avocado growth and better southern hemisphere export pricing. Fresh Fruit Adjusted EBITDA dropped 30.9%, or $22.5 million, as Dole absorbed higher fruit sourcing, shipping and fuel costs, weather-hit pineapple growing costs and a stronger Costa Rican Colón, while segment revenue was essentially flat at $972.8 million. The company completed the sale of its Ecuador port on July 1 for roughly $95 million in net proceeds and closed the acquisition of the Greenfood Fresh Produce division in Scandinavia, leaving net debt at $746.1 million and net leverage at 2.0x as of June 30. Dole declared a quarterly dividend of $0.085 per share on August 7, payable October 7 to shareholders of record as of September 16, and repurchased $10.0 million of stock in the quarter at an average price of $13.88 per share, with $85.4 million still authorized. Group gross profit fell $23.0 million and operating income dropped $55.7 million, hit by a $23.054 million non-recurring charge tied to settling a historical legal matter, restructuring costs and the absence of prior-year Hawaii land sale gains, while Adjusted Diluted EPS came in at $0.46, down from $0.55 a year earlier.
DOLE · Capital · Neutral Q2 revenue rose 2.9% and net income more than doubled, but Adjusted EBITDA fell 14.8% on higher fruit sourcing costs and a $23.054M legal charge dragged operating income down.
Dole Targets $400 Million Adjusted EBITDA for 2026
Dole plc reported second quarter 2026 results with revenue of $2.5 billion, up 2.9% on a reported basis, while adjusted EBITDA fell to $117 million, a decrease of $20.4 million, mainly due to higher fuel and shipping costs in Fresh Fruit. Net income from continuing operations was $35.1 million, down from $52.9 million a year earlier, and adjusted diluted EPS was $0.46 versus $0.55 in Q2 2025. The company completed the sale of its Ecuador port on July 1, unlocking approximately $95 million in net proceeds, and acquired Greenfood's Fresh Produce division in Scandinavia. Dole repurchased just over 700,000 shares for $10 million during the quarter and is targeting full year adjusted EBITDA of approximately $400 million for 2026.
Dole's Q2 Earnings Miss Estimates on Higher Fresh Fruit Costs
Dole plc reported second-quarter 2026 adjusted earnings per share of 46 cents, missing the Zacks Consensus Estimate of 50 cents and down 16.4% from 55 cents a year ago. Revenue increased 2.9% year over year to $2.5 billion but fell short of the $2.52 billion consensus. Fresh Fruit adjusted EBITDA declined 30.9% to $50.3 million, pressured by higher fruit sourcing, fuel, and shipping costs, while Diversified Fresh Produce – Americas & ROW saw adjusted EBITDA rise 33.8% to $20.6 million on strong volumes. The company maintained its full-year 2026 adjusted EBITDA guidance of approximately $400 million and completed the Ecuador port sale after quarter-end, generating expected net proceeds of about $95 million.
Tenax, Sionna plunge; MarineMax jumps premarket on reported buyout
Tenax Therapeutics and Sionna Therapeutics shares plunged in premarket trading after their respective clinical trials failed, while MarineMax jumped on a reported buyout by Blackstone-owned Safe Harbor Marinas. Tenax stock fell 84.2% after its Phase 3 LEVEL trial of TNX-103 missed its primary endpoint, showing no statistically significant improvement in six-minute walk distance versus placebo with a p-value of 0.63. Sionna shares dropped 92.1% after its Phase 2a trial of SION-719 failed to demonstrate meaningful CFTR function improvement, with a placebo-adjusted sweat chloride change of just -1.0 mmol/L and a p-value of 0.7. MarineMax surged more than 34% after Reuters reported Safe Harbor is close to acquiring the boat retailer for $1.5 billion including debt, or about $53 per share in cash, a substantial premium to Friday's close of $35.68. AAON gained over 10.6% after its second-quarter results apparently beat expectations, while Silence Therapeutics rose 16.2% ahead of a conference call on its Phase 2 SANRECO trial. Dole fell 4.2% after missing second-quarter earnings and revenue estimates, and AirSculpt Technologies dropped 18.4% on weaker quarterly results with revenue down 3% year-over-year.
Dole plc is scheduled to report second-quarter 2026 results on August 10 before market open. The consensus revenue estimate is $2.5 billion, implying a 3.7% increase from the year-ago quarter, while the consensus earnings estimate is 50 cents per share, reflecting a nearly 9% decline. The company has faced elevated fruit sourcing costs due to weather-related supply constraints and higher fuel, freight, fertilizer, and packaging costs stemming from the Middle East conflict, which are expected to have pressured profitability. Dole has also benefited from strong fresh produce demand, disciplined pricing, and investments in its vertically integrated supply chain and high-growth categories like cherries and citrus. The stock has a forward price-to-earnings ratio of 9.73, below the industry average of 14.51, and its shares have lost 12.1% over the past six months.
DOLE · Supply · Negative Elevated fruit sourcing costs due to weather-related supply constraints and higher fuel, freight, fertilizer, and packaging costs from Middle East conflict pressure profitability.
DOLE · Demand · Positive Strong fresh produce demand and disciplined pricing benefit the company.
Dole plc completes acquisition of Greenfood's Fresh Produce division
Dole plc has completed the acquisition of Greenfood AB's Fresh Produce division through its subsidiary Dole Nordic AB, expanding its presence across Sweden, Finland and the wider Nordic region. The deal includes a 26,500 square metre fresh produce distribution facility in Helsingborg, Sweden, which will serve as a platform for investment in advanced warehouse technology such as automation, robotics and inventory management systems. Niels Klem Thomsen, CEO of Dole Nordic AB, said the combined team will strengthen the Nordic platform and support growth in fresh produce consumption across the region.
Dole plc Completes Sale of Guayaquil Port to TIL Switzerland Sàrl
Dole plc has completed the sale of its port and port operations in Guayaquil, Ecuador to TIL Switzerland Sàrl. The net proceeds from the sale are approximately $75 million in cash, after costs and customary transaction completion adjustments. The agreements for the sale were previously announced in December 2025.
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