The 30.9% decline in Fresh Fruit Adjusted EBITDA and net leverage rising to 2.0x are the key negatives. Monitor Q3 for whether the ~$95M Ecuador port sale proceeds reduce debt and whether fuel/shipping cost moderation materializes as management expects. The maintained ~$400M EBITDA target provides a floor but requires H2 improvement.
Price Chart
Executive Summary
Dole plc reported Q2 2026 revenue of $2.50B, up 2.9% YoY, but Adjusted EBITDA fell 14.8% to $116.8M and Adjusted Diluted EPS dropped to $0.46 from $0.55, driven by higher fruit sourcing and shipping costs in Fresh Fruit. The company maintained its full-year Adjusted EBITDA target of ~$400M and completed the sale of a port in Ecuador for ~$95M post-quarter end, but the core Fresh Fruit segment saw a 30.9% decline in Adjusted EBITDA, signaling persistent cost headwinds.
Key Financial Metrics
Key Facts
- Q2 2026 revenue of $2.50B, up 2.9% YoY (2.9% vs $2.43B)
- Adjusted EBITDA fell 14.8% to $116.8M from $137.1M YoY
- Adjusted Diluted EPS dropped to $0.46 from $0.55 YoY
- Fresh Fruit segment Adjusted EBITDA declined 30.9% to $50.3M due to higher fruit sourcing and shipping costs
- Net leverage increased to 2.0x from 1.5x at year-end 2025
- Full-year Adjusted EBITDA target maintained at ~$400M
- Post-quarter end completed sale of port in Ecuador for ~$95M net proceeds
- Repurchased 719,290 shares for $10.0M during the quarter
Financial Impact
Adjusted EBITDA declined $20.4M YoY (-14.8%); Adjusted Net Income fell $9.4M (-17.7%)
Risk Factors
- Persistent elevated fuel and shipping costs in Fresh Fruit
- Geopolitical uncertainty in the Middle East impacting cost base
- Further strengthening of Costa Rican Colón against USD
- Net leverage at 2.0x limits financial flexibility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001857475-26-000074 |
| Document: dole-20260810.htm | 0001857475-26-000074 |
| Document: 0001857475-26-000074-index-headers.html | 0001857475-26-000074 |
| Document: 0001857475-26-000074-index.html | 0001857475-26-000074 |
| Document: 0001857475-26-000074.txt | 0001857475-26-000074 |
| 8-K Data (Synthetic) | 0001857475-26-000074 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | 8-K | $13.55 | awaiting T+5 | — | $13.44 (−0.81%) |
Oct 22, 2026 3d ago | Insider Buy | $13.52 | awaiting T+5 | — | $13.44 (−0.59%) |
Oct 14, 2026 11d ago | Insider Buy | $13.41 $13.52 | ▲ +0.82% | ▲ +1.83% | $13.44 (+0.22%) |
Oct 14, 2026 11d ago | SC 13D/A | $13.41 $13.52 | ▲ +0.82% | ▲ +1.83% | $13.44 (+0.22%) |
Aug 10, 2026 11w ago | 8-K | $12.98 $12.93 | ▲ +0.39% | ▲ +0.34% | $13.44 (−3.54%) |
May 11, 2026 24w ago | 8-K | $15.21 $14.24 | ▲ +6.38% | ▲ +6.29% | $13.44 (+11.64%) |
Apr 7, 2026 28w ago | 8-K | $15.13 $14.93 | ▼ −1.32% | ▼ −4.84% | $13.44 (−11.17%) |
Feb 25, 2026 34w ago | 8-K | $15.56 $15.36 | ▼ −1.28% | ▼ −0.18% | $13.44 (−13.62%) |
US Market Status
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