Revenue totalled US$2.4bn, significantly above the US$2.16bn analysts had expected
Dole has reported better-than-expected second-quarter earnings, driven by strong performance across all continuing operations segments.
The multinational adjusted earnings per share of US$0.55 for the quarter ended June 30, 2025, beating the analyst forecast of US$0.51.
Revenue came in at US$2.4bn, significantly above the US$2.16bn analysts had expected and representing a 14.3 per cent year-on-year increase (12.1 per cent on a like-for-like basis).
Dole’s adjusted EBITDA increased 9.3 per cent to US$137.1mn compared to the same period last year, while adjusted net income rose 13 per cent to US$53.2mn.
The company also announced it had successfully completed the sale of its Fresh Vegetables division to Arable Capital Partners for approximately US$140mn after the quarter ended.
“We are very pleased to report a strong result for the second quarter of 2025,” said executive chairman Carl McCann. “Group revenue increased 14.3 per cent and adjusted EBITDA increased 9.3 per cent compared to the prior year, with good growth across all of our Continuing Operations.”
The Fresh Fruit segment saw revenue increase 14.2 per cent to US$972.6mn, 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 per cent revenue increase to US$1.1bn, while the Americas & ROW segment grew 8.5 per cent to US$386.3mn.
Following the strong performance, Dole raised its full-year guidance and now targets adjusted EBITDA in the range of US$380mn to US$390mn.
Net income decreased to US$18mn from US$88.1mn in the prior year, primarily due to a US$35mn loss in the discontinued Fresh Vegetables operations compared to income of US$32mn last year.
