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DUBLIN - Dole plc (NYSE:DOLE) reported second-quarter earnings that exceeded analyst expectations on Thursday, driven by strong performance across all continuing operations segments.
The company’s shares rose 2.05% following the announcement.
The global fresh produce company reported adjusted earnings per share of $0.55 for the quarter ended June 30, 2025, beating the analyst consensus of $0.51.
Revenue came in at $2.4 billion, significantly above the $2.16 billion analysts had expected and representing a 14.3% increase YoY (12.1% on a like-for-like basis).
Dole’s adjusted EBITDA increased 9.3% to $137.1 million compared to the same period last year, while adjusted net income rose 13% to $53.2 million.
The company also announced it had successfully completed the sale of its Fresh Vegetables division to Arable Capital Partners (WA:CPAP) for approximately $140 million after the quarter ended.
"We are very pleased to report a strong result for the second quarter of 2025," said Carl McCann, Executive Chairman. "Group revenue increased 14.3% and Adjusted EBITDA increased 9.3% compared to the prior year, with good growth across all of our Continuing Operations."
The Fresh Fruit segment saw revenue increase 14.2% to $972.6 million, primarily due to higher worldwide volumes of bananas and pineapples sold, as well as higher pricing.
The Diversified Fresh Produce - EMEA segment posted a 16.5% revenue increase to $1.1 billion, while the Americas & ROW segment grew 8.5% to $386.3 million.
Following the strong performance, Dole raised its full-year guidance and now targets adjusted EBITDA in the range of $380 million to $390 million.
The company also declared a quarterly dividend of $0.085 per share, payable on October 6, 2025, to shareholders of record on September 15, 2025.
Net income decreased to $18 million from $88.1 million in the prior year, primarily due to a $35 million loss in the discontinued Fresh Vegetables operations compared to income of $32 million last year.
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