DOLE Dole plc
Price Chart
Executive Summary
Dole plc reported Q1 2026 revenue of $2.34B (+11.6% YoY) but GAAP diluted EPS fell to $0.33 from $0.41 YoY, and Adjusted EBITDA declined 4.3% to $100.3M. The company maintained its full-year Adjusted EBITDA target of at least $400M but flagged Middle East conflict-driven cost headwinds for Q2. Revenue growth was driven by pricing and FX, while core profitability declined on higher fruit sourcing costs.
Key Financial Metrics
Actionable Insight
Core profitability declined despite strong top-line growth, with Fresh Fruit margins under pressure from sourcing costs and Middle East conflict. The maintained $400M+ EBITDA target provides a floor, but Q2 cost headwinds and rising leverage (1.7x) warrant caution. Monitor Q2 guidance update and Ecuador port sale proceeds (~$75M expected) for deleveraging catalyst.
Key Facts
- Q1 2026 revenue $2.34B, +11.6% YoY ($2.10B), +7.0% on a like-for-like basis
- GAAP diluted EPS $0.33 vs $0.41 YoY (-19.5%)
- Adjusted EBITDA $100.3M, -4.3% vs $104.8M YoY; in line with company expectations
- Fresh Fruit segment Adjusted EBITDA fell 17.0% to $52.6M on higher fruit sourcing costs
- Net Debt increased to $657.1M from $606.5M at year-end; Net Leverage 1.7x vs 1.5x
- Full-year 2026 Adjusted EBITDA target maintained at 'at least $400M'
- Interest expense guidance reduced by $2M to ~$58M for FY2026
- Company repurchased 306,570 shares for $4.6M during Q1; $95.4M remaining on buyback authorization
- Regulatory approval received post-quarter for sale of port in Ecuador; completion expected before end of Q2 2026
Financial Impact
Adjusted EBITDA declined ~$4.5M YoY on higher fruit costs; net debt increased ~$50.6M from year-end; FCF outflow improved to -$40.2M from -$131.6M YoY
Risk Factors
- Middle East conflict driving higher shipping and fuel costs in Q2, particularly in Fresh Fruit
- Fresh Fruit segment EBITDA down 17% YoY on elevated sourcing costs and Costa Rican colon strength
- Net leverage increased to 1.7x from 1.5x; net debt up $50.6M since year-end
- Free cash flow negative for third consecutive quarter (-$40.2M in Q1 2026)
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001857475-26-000049 |
| Document: dole-20260511.htm | 0001857475-26-000049 |
| Document: 0001857475-26-000049-index-headers.html | 0001857475-26-000049 |
| Document: 0001857475-26-000049-index.html | 0001857475-26-000049 |
| Document: 0001857475-26-000049.txt | 0001857475-26-000049 |
| 8-K Data (Synthetic) | 0001857475-26-000049 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 11, 2026
4w ago
|
8-K
| $15.21 $14.24 | ▲ +6.38% | ▲ +6.29% | $14.35 (+5.65%) |
|
Apr 7, 2026
9w ago
|
8-K
| $15.13 $14.93 | ▼ −1.32% | ▼ −4.84% | $14.35 (−5.16%) |
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Feb 25, 2026
15w ago
|
8-K
| $15.56 $15.36 | ▼ −1.28% | ▼ −0.18% | $14.35 (−7.77%) |
US Market Status
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