Dole plc Reports Second Quarter 2026 Financial Results; Carl McCann Comments

DUBLIN - Dole plc released its financial results for the three and six months ended June 30, 2026.

Second Quarter Highlights:

• Revenue increased 2.9%, reflecting positive momentum across the Group
• Profitability impacted by anticipated Fresh Fruit cost pressures
• Strong performance in Diversified Fresh Produce - Americas & ROW partially offset lower result in Fresh Fruit, demonstrating resilience of our business model
• Development pipeline advanced while maintaining disciplined approach to capital allocation
• Post quarter end: completed sale of port in Ecuador for expected net proceeds of approximately $95 million; completed acquisition of Greenfood Fresh Produce division in Scandinavia

Commenting on the results, Carl McCann, Executive Chairman, said in a press release:

“The successful completion of the Ecuador port sale post quarter end for net proceeds of approximately $95 million supports our continued investment in growth opportunities, including recent acquisitions in EMEA. We are pleased to deliver a second quarter result in line with our expectations. The quarter once again demonstrated the resilience of our diversified business model and our ability to navigate a challenging operating environment as we target full-year Adjusted EBITDA of approximately $400 million for 2026.”

Group Results - Second Quarter

Revenue increased 2.9%, or $71.0 million, primarily due to positive operational performance in the Diversified Fresh Produce - Americas & ROW segment and a favorable impact from foreign currency translation of $30.3 million. On a like-for-like basis2, revenue increased 1.7%, or $40.7 million.

Gross Profit decreased $23.0 million, primarily due to higher cost of sales which were impacted by higher fruit sourcing costs in the Fresh Fruit segment, partially offset by higher revenue.

Operating Income decreased $55.7 million primarily due to lower Gross Profit, higher SMG&A expenses primarily due to a non-recurring charge associated with the settlement of a historical legal matter and some restructuring costs, and higher gains on asset sales in the prior year following the sale of land in Hawaii.

Other income increased year over year, primarily reflecting favorable fair value adjustments on financial instruments.

Net Income increased to $35.1 million from $18.0 million in the prior year. The prior year was impacted by a loss of $35.0 million in discontinued operations (Fresh Vegetables). The year over year increase also reflected higher other income, lower interest expense and lower tax expense, partially offset by lower Operating Income.

To read the full report, click here.