Dole Posts Q1 Revenue Growth Amid Profitability Pressures

Dole ( (DOLE) ) just unveiled an update.

Dole plc reported its first-quarter 2026 results on May 11, 2026, posting revenue of $2.34 billion, up 11.6% year on year, supported by robust consumer demand and higher pricing, particularly in Fresh Fruit, and favorable foreign exchange movements. Despite the revenue increase, net income fell to $37.7 million from $44.2 million and adjusted EBITDA slipped 4.3% to $100.3 million as higher fruit sourcing costs, especially in bananas and pineapples, and increased SMG&A expenses weighed on profitability.

Segment performance was mixed: Fresh Fruit revenue rose but adjusted EBITDA declined 17% due to cost pressures, while Diversified Fresh Produce – EMEA and Americas & ROW delivered double-digit revenue growth and improved adjusted EBITDA, aided by currency tailwinds, stronger export and North American marketing businesses, and a prior restructuring. After the quarter end, Dole secured regulatory approval to sell a port in Ecuador, and management highlighted that its diversified model helps navigate geopolitical and market complexity, including the ongoing Middle East conflict, as it continues to target full-year adjusted EBITDA of at least $400 million.

The most recent analyst rating on (DOLE) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Dole stock, see the DOLE Stock Forecast page.

Spark’s Take on DOLE Stock

According to Spark, TipRanks’ AI Analyst, DOLE is a Neutral.

The score is held back primarily by mixed fundamentals—thin profitability and notably weak 2025 free cash flow—despite improving revenue and leverage trends. Technicals are moderately supportive with the stock trading above key moving averages, but valuation is a meaningful constraint due to the high P/E. Earnings call guidance and strategic actions are modest positives, tempered by cost and cash conversion risks.

To see Spark’s full report on DOLE stock, click here.

More about Dole

Dole plc is a global fresh produce company focused on supplying bananas, pineapples, plantains and diversified fresh fruits and vegetables across the Americas, Europe, the Middle East and other regions. The group operates through segments including Fresh Fruit and Diversified Fresh Produce in EMEA and the Americas & Rest of World, serving consumer and retail demand driven by health and wellness trends.

Average Trading Volume: 756,857

Technical Sentiment Signal: Buy

Current Market Cap: $1.42B

See more insights into DOLE stock on TipRanks’ Stock Analysis page.