olivLaw · US equity research
Dole plc DOLE
Agricultural Production-Crops · SIC 0100 · Vertical: Agricultural Production-Crops (SIC 0100)
Dole plc is a global leader in the production, sourcing, distribution and marketing of fresh fruits and vegetables, with a portfolio of more than 300 products. In the second quarter of 2026 revenue rose 2.9%, while higher fruit sourcing and shipping costs pressed on profitability, and management targets adjusted EBITDA of approximately 400 million USD for 2026.
At the close of 04 Nov 2026, Dole plc (DOLE) stock was 13.83 USD (+5.73% on the day), with market capitalisation 1.3 bn USD, P/E 26.1 on diluted EPS of 0.53 USD over the last 12 months, dividend yield 2.33%, beta 0.26, 52-week range 12.64–16.37 USD. Latest reported quarter (Q2 2026): revenue of 2.5 bn USD (+2.9% YoY), net income of 26.0 m USD (+160.7% YoY), diluted EPS 0.27 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 62.7
- strong (55–70)
- Bollinger (20, 2)
- 12.90 – 13.67
- above the upper band · %B 1.21 · band width 5.8%
- SMA 50 / 200
- 13.28 / 14.28
- mixed trend
- MACD (12, 26, 9)
- 0.05 / 0.01
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +8.0% | −1.1% | +9.1 pp | — |
| 3 months | +0.4% | −0.5% | +0.9 pp | — |
| 6 months | −7.2% | +4.4% | −11.6 pp | — |
| Year to date | −7.7% | +12.3% | −20.1 pp | — |
| 1 year | +7.0% | +13.5% | −6.6 pp | −26.0% |
| 3 years | +20.1% | +76.4% | −56.4 pp | −31.5% |
| 5 years | +1.3% | +63.7% | −62.4 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q1 '25 | Q2 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|
| Revenue | 2.1 bn | 2.4 bn | 2.3 bn | 2.5 bn |
| Cost of revenue | 1.9 bn | 2.2 bn | 2.2 bn | 2.3 bn |
| Gross profit | 182.2 m | 218.3 m | 185.0 m | 195.3 m |
| SG&A | 118.4 m | 124.3 m | 123.8 m | 148.4 m |
| Operating income | 67.9 m | 103.2 m | 62.0 m | 47.5 m |
| Depreciation & amortisation | 26.5 m | 28.2 m ≈ | 28.1 m | 27.7 m ≈ |
| Interest expense | 17.2 m | 17.5 m | 12.6 m | 14.9 m |
| Pre-tax income | 53.4 m | 69.9 m | 58.1 m | 40.9 m |
| Income tax | 17.6 m | 25.5 m | 22.0 m | 14.8 m |
| Net income | 38.9 m | 10.0 m | 31.3 m | 26.0 m |
| Diluted EPS | 0.41 | 0.10 | 0.33 | 0.27 |
| Capex | 52.8 m | 19.4 m ≈ | 17.8 m | 24.8 m ≈ |
| Dividends paid | 7.7 m | 8.2 m | 8.2 m | 8.2 m |
| Share repurchases | 0 | 0 ≈ | 4.6 m | 10.0 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 75 percentile of its own 4-quarter history (min 9.5, median 10.4, max 28.3; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | ⚠ 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 4.2 bn | 4.3 bn | 5.9 bn | 8.0 bn | 8.2 bn | 8.5 bn | 9.2 bn |
| Revenue YoY | unavailable | +4.3% | — | +35.0% | +2.8% | +2.8% | +8.2% |
| Net income | 55.1 m | 52.5 m | -7.2 m | 86.5 m | 124.1 m | 125.5 m | 51.3 m |
| Net income YoY | unavailable | −4.7% | — | unavailable | +43.4% | +1.2% | −59.1% |
| Diluted EPS | 0.99 | 0.94 | -0.10 | 0.91 | 1.30 | 1.32 | 0.53 |
| Diluted EPS YoY | unavailable | −5.1% | — | unavailable | +42.9% | +1.5% | −59.8% |
| net % | 1.3% | 1.2% | -0.1% | 1.1% | 1.5% | 1.5% | 0.6% |
| Free cash flow | 48.3 m | 121.4 m | -42.2 m | 153.3 m | unavailable | unavailable | unavailable |
The series breaks before 2021: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 267.9 m USD
- Financial debt
- 867.1 m USD
- Net debt
- 599.2 m USD
- Equity
- 1.5 bn USD
- Total assets
- 4.4 bn USD
- Debt / equity
- 0.59x
- Current ratio
- 1.17x
- ROE
- 3.6%
- ROA
- 1.2%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 4.3 bn | 5.9 bn | 8.0 bn | 8.2 bn | 8.5 bn | 9.2 bn | SEC (XBRL)· 02 Mar 2026verified |
| Cost of revenue | 4.0 bn | 5.6 bn | 7.4 bn | 7.6 bn | 7.8 bn | 8.5 bn | SEC (XBRL)· 02 Mar 2026verified |
| Gross profit | 333.6 m | 344.0 m | 599.9 m | 694.2 m | 717.7 m | 714.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Research & development | 0 | 3.8 m | 9.2 m | 9.0 m | 8.9 m | 9.2 m | SEC (XBRL)· 02 Mar 2026verified |
| SG&A | 264.8 m | 323.2 m | 436.2 m | 473.9 m | 474.1 m | 495.5 m | SEC (XBRL)· 02 Mar 2026verified |
| Operating income | 67.1 m | -8.7 m | 175.3 m | 272.2 m | 280.6 m | 223.0 m | SEC (XBRL)· 02 Mar 2026verified |
| Depreciation & amortisation | 36.2 m | 65.5 m | 109.6 m | 104.2 m | 98.8 m | 112.7 m | SEC (XBRL)· 02 Mar 2026verified |
| EBITDA | 103.3 m ≈ | 56.8 m ≈ | 284.9 m ≈ | 376.3 m ≈ | 379.4 m ≈ | 335.6 m ≈ | SEC (XBRL)· 02 Mar 2026derived |
| Interest expense | 10.5 m | 25.0 m | 56.4 m | 81.1 m | 72.3 m | 66.5 m | SEC (XBRL)· 02 Mar 2026verified |
| Pre-tax income | 59.1 m | -21.4 m | 135.9 m | 205.9 m | 239.6 m | 168.2 m | SEC (XBRL)· 02 Mar 2026verified |
| Income tax | 18.1 m | -11.0 m | -25.6 m | 43.6 m | 75.6 m | 71.0 m | SEC (XBRL)· 02 Mar 2026verified |
| Net income | 52.5 m | -7.2 m | 86.5 m | 124.1 m | 125.5 m | 51.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Diluted EPS | 0.94 | -0.10 | 0.91 | 1.30 | 1.32 | 0.53 | SEC (XBRL)· 02 Mar 2026verified |
| Weighted average diluted shares | 55.6 m | 72.4 m | 94.9 m | 95.1 m | 95.5 m | 95.9 m | SEC (XBRL)· 02 Mar 2026verified |
| Dividend per share | — | 0.26 | 0.32 | 0.32 | 0.32 | — | SEC (XBRL)· 11 Mar 2025derived |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 160.5 m | 250.6 m | 228.8 m | 275.6 m | 330.0 m | 267.9 m | SEC (XBRL)· 02 Mar 2026verified |
| Receivables | 361.7 m | 719.1 m | 610.4 m | 538.2 m | 473.5 m | 539.8 m | SEC (XBRL)· 02 Mar 2026verified |
| Inventories | 141.2 m | 410.7 m | 394.2 m | 378.6 m | 430.2 m | 509.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Current assets | 730.4 m | 1.6 bn | 1.6 bn | 1.9 bn | 1.8 bn | 1.8 bn | SEC (XBRL)· 02 Mar 2026verified |
| Property, plant & equipment, net | 219.7 m | 1.4 bn | 1.1 bn | 1.1 bn | 1.1 bn | 1.1 bn | SEC (XBRL)· 02 Mar 2026verified |
| Goodwill | 234.2 m | 511.3 m | 497.5 m | 513.3 m | 429.6 m | 434.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Intangibles (excl. goodwill) | 65.6 m | 368.3 m | 357.3 m | 347.5 m | 331.5 m | 325.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Total assets | 1.9 bn | 4.7 bn | 4.6 bn | 4.6 bn | 4.4 bn | 4.4 bn | SEC (XBRL)· 02 Mar 2026verified |
| Accounts payable | 474.5 m | 696.8 m | 640.6 m | 670.9 m | 648.6 m | 712.5 m | SEC (XBRL)· 02 Mar 2026verified |
| Short-term debt | 20.7 m | 51.8 m | 97.4 m | 222.9 m | 80.1 m | 67.3 m | SEC (XBRL)· 10 Aug 2026verified |
| Long-term debt | 314.8 m | 1.3 bn | 1.1 bn | 845.0 m | 866.1 m | 799.8 m | SEC (XBRL)· 02 Mar 2026verified |
| Current liabilities | 689.9 m | 1.4 bn | 1.5 bn | 1.7 bn | 1.6 bn | 1.5 bn | SEC (XBRL)· 02 Mar 2026verified |
| Total liabilities | 1.2 bn | 3.4 bn | 3.3 bn | 3.1 bn | 3.0 bn | 2.9 bn | SEC (XBRL)· 02 Mar 2026verified |
| Equity | 657.9 m | 1.2 bn | 1.3 bn | 1.4 bn | 1.4 bn | 1.5 bn | SEC (XBRL)· 02 Mar 2026verified |
| Shares outstanding at year end | — | 94.9 m | 94.9 m | 94.9 m | 95.0 m | — | SEC (XBRL)· 11 Mar 2025verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 144.6 m | 16.4 m | 238.9 m | — | — | — | SEC (XBRL)· 22 Mar 2023verified |
| Capex | 23.2 m | 58.6 m | 85.6 m | 78.0 m | 82.4 m | 121.5 m | SEC (XBRL)· 02 Mar 2026verified |
| Free cash flow | 121.4 m ≈ | -42.2 m ≈ | 153.3 m ≈ | — | — | — | SEC (XBRL)· 22 Mar 2023derived |
| Investing cash flow | -25.6 m | 82.8 m | -66.5 m | — | — | — | SEC (XBRL)· 22 Mar 2023verified |
| Financing cash flow | -100.6 m | -1.3 m | -173.4 m | -230.0 m | -237.8 m | -151.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Dividends paid | 11.9 m | 24.7 m | 30.6 m | 30.8 m | 30.6 m | 32.4 m | SEC (XBRL)· 02 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 35 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 1.3 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation44
- Returns36
- Quality44
- Balance sheet32
- Growth19
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 4.24 – 32.64 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the input exists, but its latest figure is far older than the latest reported period: not used
- Peers: EV/EBITDA8.78 – 32.64 (Mid 11.42)3 companies used · median multiple 6.6x · quartiles 5.7x – 13.9xAGRO, AGRZ, DMC
- Peers: P/E6.16 – 10.42 (Mid 8.43)4 companies used · median multiple 13.3x · quartiles 9.8x – 16.5xAGRO, CTVA, DMC, VFF
- Dividend discount (DDM)4.24 – 5.70 (Mid 4.86)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 35/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 4.1% | 43 (vs peers) | 13% |
| Net margin · Quality | 0.6% | 45 (vs peers) | 8% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 4.6% | 38 (on a fixed band) | 10% |
| EPS CAGR 3Y · Growth | -16.5% | 0 (on a fixed band) | 10% |
| Net debt / EBITDA · Balance sheet | 2.7x | 37 (on a fixed band) | 13% |
| Interest coverage · Balance sheet | 2.7x | 19 (on a fixed band) | 8% |
| Current ratio · Balance sheet | 1.3x | 40 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 21.9x | 20 (vs peers) | 13% |
| EV/EBITDA · Valuation | 7.4x | 69 (on a fixed band) | 13% |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 2.5% | 36 (on a fixed band) | 8% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet32/100 · 3/3 factors with a value
- Growth19/100 · 2/2 factors with a value
- Quality44/100 · 2/3 factors with a value
- Returns· partial36/100 · 1/2 factors with a value
- Valuation44/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Dole plc (DOLE). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 9.2 bn USD in 2025; YoY growth 8.2%; net margin 0.6%; ROE 4.5%; net debt/EBITDA 2.7x.
The estimated value range is 6.16–10.42 USD per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 8.43 USD, the price of 13.83 USD leaves a potential of -39.0% (value / price − 1) and a margin of safety of -64.0% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 35/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- EPS CAGR 3Y: -16.5%
- Interest coverage: 2.7x
- P/E (TTM): 21.9x
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): FCF conversion, FCF yield, Payout ratio (FCF).
Versus the vertical median
Agricultural Production-Crops (SIC 0100) · same industry (4-digit SIC) · compared with 11 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CTVACorteva, Inc. | 8.2 bn | 8.1 | 4.0% | 5.7% | +2.9% | +21% / +81% |
| DMCDel Monte Corporation | 1.4 bn | 16.8 | 4.0% | 1.9% | +1.0% | −21% / +26% |
| AGROAdecoagro S.A. | 1.3 bn | 10.3 | 7.1% | 6.1% | +16.9% | +14% / −19% |
| DOLEDole plc | 1.3 bn | 21.9 | 4.5% | 0.6% | +8.2% | +7% / +20% |
| VFFVillage Farms International, Inc. | 358.3 m | 16.4 | 7.6% | 9.8% | +10.2% | −26% / +271% |
| LMNRLimoneira Company | 190.7 m | — | -25.7% | -33.0% | −16.6% | −24% / −31% |
| AGRZAgroz Inc. | 42.0 m | 48.0 | 25.6% | 8.6% | unavailable | −98% / unavailable |
| LOCLLocal Bounti Corporation | 22.1 m | — | — | -130.5% | +26.8% | −61% / −73% |
| TULPBloomia Holdings, Inc. | 10.9 m | — | -87.9% | -23.2% | unavailable | −40% / −54% |
| SEEDOrigin Agritech Limited | 8.6 m | — | — | -58.4% | −20.6% | −49% / −64% |
| EDBLEdible Garden AG Incorporated | 1.4 m | — | -197.1% | -51.0% | −7.6% | −100% / −100% |
| LNDBrasilAgro – Brazilian Agricultural Real Estate Company | — | — | 6.3% | 15.7% | +13.8% | −12% / −32% |
1- and 3-year price returns: for DOLE from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 8.18 Total return -41% · Per year -41% | 14.46 Total return 5% · Per year 5% | 21.78 Total return 57% · Per year 57% |
| 3 years | 7.95 Total return -43% · Per year -17% | 15.81 Total return 14% · Per year 5% | 26.14 Total return 89% · Per year 24% |
| 5 years | 7.72 Total return -44% · Per year -11% | 17.28 Total return 25% · Per year 5% | 31.38 Total return 127% · Per year 18% |
- Exit P/E± 3.95
- Net margin± 2.77
- Annual revenue growth± 2.27
- Annual dilution± 0.23
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Dole plc is a global leader in the production, sourcing, distribution and marketing of fresh fruits and vegetables, with a portfolio of more than 300 products. In the second quarter of 2026 revenue rose 2.9%, while higher fruit sourcing and shipping costs pressed on profitability, and management targets adjusted EBITDA of approximately 400 million USD for 2026 3.
SWOT
Strengths
- The DOLE brand has very high awareness in the US and a reputation for quality, which supports shelf position 1.
- Vertical integration with owned farms, a fleet of vessels and storage infrastructure gives control over sourcing and logistics 1.
- Diversification across three segments and many countries reduces dependence on any single market or supplier 13.
Weaknesses
- The Fresh Fruit segment depends heavily on sourcing and transport costs, which reduced profitability in the second quarter of 2026 3.
- Margins are sensitive to currency movements, and the second quarter showed that effects differ across segments 3.
- Net debt remains significant and free cash flow was negative in the first half of the year 3.
Opportunities
Risks
- Weather and crop diseasehigh
Storms, droughts and diseases such as Tropical Race 4 can destroy whole harvests and raise costs, directly hitting margins 1.
- Transport and fuel costshigh
Tensions in the Middle East have raised transport costs, which could weigh on profitability if they cannot be passed on to customers 23.
- Trade policy and tariffsmedium
Changes to US tariffs can shift import costs and demand, and the long-term effects cannot be estimated precisely 1.
- Litigation and product recallsmedium
Food products can cause illness, and a historical legal matter produced a non-recurring charge in the second quarter 13.
- GMO rules and labellinglow
Restrictions or labelling requirements for genetically modified products could limit sales in key markets 1.
Investment thesis
What would need to be true (bull case)
- If resilient demand and cost-saving programmes support margins, rising revenue could convert into adjusted EBITDA closer to the announced target 3.
- The Americas & ROW segment grew solidly, suggesting that business diversification can offset weakness in Fresh Fruit 3.
- If asset sales and selective acquisitions close smoothly, net debt could fall and create room for investment 3.
What would break the thesis
- If fuel and transport costs remain high, Fresh Fruit margins could stay under pressure for longer than expected 23.
- Negative free cash flow and high net debt could limit the company's ability to fund investment without new borrowing 3.
- If crop diseases spread to new regions, production costs could rise further and the benefits of vertical integration could erode 1.
What to watch
- Delivery of the target of approximately 400 million USD adjusted EBITDA2026
- Trend in fuel and shipping costs in the Fresh Fruit segmentQ3 2026
- Net debt and leverage after receipt of proceeds from the Ecuador port saleQ3 2026
- Effect of tariffs and trade policy on import costsnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Dole plc, incorporated in Ireland and listed on the NYSE under the ticker DOLE, produces, sources and markets fresh fruits and vegetables from over 100 countries, operating in 30 countries and distributing in more than 85 1. The DOLE brand is, according to the company, the most trusted fresh fruit and vegetable brand in the United States, with 91% consumer awareness in 2025 1. The company runs a vertically integrated model that combines owned farms with long-term relationships with independent growers 1. The sale of the Fresh Vegetables division for approximately 140 million USD closed in August 2025 and was reported as discontinued operations 1. The Ecuador port was sold on July 1, 2026, with expected net proceeds of about 95 million USD 3.
The operating structure is organised in three reportable segments, managed separately to reflect differences in geography, products and distribution channels 1. The sourcing model distinguishes between year-round products, managed through vertical integration, and seasonal products, where the company combines local presence with global sourcing 1. Strategic assets include owned vessels and refrigerated transport that support logistics and a commercial cargo business for third parties 1.
For investors the key issue is the combination of growing revenue and margins under pressure. Management says the outlook depends on fuel and shipping costs, contractual pricing and recent investments, and quarterly data shows how quickly results shift between segments 3.
Segments
Diversified Fresh Produce – EMEA
This segment covers businesses in Europe, the Middle East and Africa, including Ireland, the Netherlands, Spain and Scandinavia, selling imported and local fruits and vegetables through retail and wholesale channels 1. In the second quarter of 2026 revenue rose slightly on favourable currency translation, but on a like-for-like basis it declined 3.
Diversified Fresh Produce – Americas & ROW
The segment includes operations in the United States, Canada, Mexico, Chile, Peru and Argentina, with a focus on avocados, kiwis, apples, berries and cherries 1. It was the only segment to grow noticeably in the second quarter of 2026, with adjusted EBITDA up 33.8% 3.
Market context
The fresh fruit and vegetable market is fragmented, with many exporters, importers and cooperatives, and prices and demand shift with the seasons 1. According to the company, demand in its key markets has remained resilient, supported by long-term health and wellness trends 3.
Fuel and shipping costs remain elevated and geopolitical tensions create uncertainty for the period ahead 2. If transport prices stabilise, margins in Fresh Fruit could recover, but this is not assured 3.
Trends
- Transport and fuel costsheadwind
The conflict in the Middle East raised global fuel prices, which lifted the company's transport costs 2. The effect is visible in Fresh Fruit margins, where shipping costs rose in Europe and North America 3.
- Trade policy and tariffsmixed
New US tariffs changed supply flows and logistics costs, and relief was later granted on some tropical products 1. The long-term effect remains uncertain and difficult to estimate 1.
- Demand for healthy productstailwind
Health and wellness trends support demand for fresh fruit and vegetables, and the DOLE brand has high awareness in the US 13. If this demand holds, it could support volume growth in avocado, kiwi and berry lines 3.
- Climate risk and crop diseaseheadwind
Storms, droughts and diseases such as Tropical Race 4 can reduce harvests and raise production costs 1. In the second quarter of 2026 adverse weather reduced pineapple availability 3.
Competitive position
The main competitors in the international banana business are Chiquita Brands International, Fresh Del Monte Produce, One Banana and Fyffes 1. In pineapples, the main rival, especially in the US market, is Fresh Del Monte Produce 1. In berries, competition comes from companies such as Driscoll Strawberry Associates and Naturipe Farms 1.
Competition also includes grower cooperatives and local producers in each market, and the ability to adapt quickly can differentiate players 1. The company acknowledges it cannot assure it will maintain its current market share 1.
- Chiquita Brands International
Main competitor in the international banana business, named in Dole's annual report 1.
- Fresh Del Monte Produce
Competitor in bananas and pineapples, with a strong position in the US market 1.
- Fyffes
Competitor in the banana business, cited among the company's main rivals 1.
- Driscoll Strawberry Associates
Competitor in the berry segment, relevant to the berry product line 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Dole’s (DOLE) Revenue Climbs While Fruit Costs Squeeze ProfitsYahoo Finance — News · 15 Sept 2026 · EN
- Trump to use wartime powers to dole out $700m to coal industryThe Guardian World · 04 Jun 2026 · RO
The latest news item in our archive is from 15 Sept 2026; the newest SEC filing is from 23 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report23 Oct 2026Departure or appointment of officers
- Quarterly report10 Aug 2026
- Current report10 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report01 Jul 2026Regulation FD disclosure · Financial statements and exhibits
- Current report21 May 2026Shareholder vote
- Quarterly report11 May 2026
- Current report11 May 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report07 Apr 2026Regulation FD disclosure
- Annual report02 Mar 2026
- Current report25 Feb 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Dole plc · 02 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Dole plc · 10 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Dole plc · 10 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.