Dole Reports Strong Q4 Results and Positive 2026 Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10 hours ago
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Should l Buy DOLE?
Source: seekingalpha
- Earnings Highlights: Dole's Q4 Non-GAAP EPS of $0.14 missed expectations by $0.01, yet revenue reached $2.37 billion, a 9.2% year-over-year increase, surpassing market forecasts by $50 million, indicating robust growth potential in a competitive landscape.
- Adjusted EBITDA Performance: The company reported an adjusted EBITDA of $395 million for FY 2025, exceeding guidance and showcasing operational resilience amid macroeconomic uncertainties and industry-specific challenges, reflecting effective strategic decisions by management.
- 2026 Fiscal Outlook: Dole targets an adjusted EBITDA of at least $400 million for FY 2026, with routine capex forecasted at approximately $100 million, aligning with annual depreciation, demonstrating confidence in future growth and sound financial planning.
- Strategic Development Opportunities: Dole is exploring various development opportunities that, if executed, will strengthen its business and drive further growth, with expected full-year interest expenses of around $60 million for 2026, highlighting effective management of financial costs.
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Analyst Views on DOLE
About DOLE
Dole plc is an Ireland-based company, which produces, markets, and distributes a variety of fresh produce sourced locally and from around the world. Its segments include Fresh Fruit, Diversified Fresh Produce - EMEA and Diversified Fresh Produce - Americas & ROW. The Fresh Fruit segment is a vertically integrated producer and distributor of multiple varieties of bananas, pineapples and plantains which are sourced from local growers or Company-owned and leased farms, predominately located in Latin America, and sold throughout North America, Europe, Latin America and Asia. This segment also operates a commercial cargo business. The Diversified Fresh Produce - EMEA segment includes Irish, Dutch, Spanish, Portuguese, French, Italian, United Kingdom, Swedish, Danish, South African, Czech, Slovakian, Polish, German and Brazilian businesses. The Diversified Fresh Produce - Americas & ROW segment includes United States, Canadian, Mexican, Chilean, Peruvian, and Argentinian businesses.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Strong Financial Performance: Dole plc achieved an adjusted EBITDA of $395 million in 2025, exceeding expectations, showcasing excellent growth in diversified fresh produce segments, despite a short-term decline in fresh fruit due to rising sourcing costs.
- Strategic Asset Sales: The company completed the sale of its Fresh Vegetables business for $140 million in August 2025, enhancing focus on core operations and capital allocation flexibility, while also planning to sell a port operation in Guayaquil, Ecuador, with expected net proceeds of $75 million.
- Share Repurchase Program: Dole finalized a $1.2 billion renewal of credit facilities and introduced a $100 million share repurchase program, having repurchased $4.5 million in shares so far, which improves liquidity and removes potential shareholder sale overhang.
- Future Outlook: Management targets an adjusted EBITDA of at least $400 million for 2026, and despite ongoing supply dynamic challenges, they expect profitability to improve through investments and cost control initiatives.
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- Quarterly Dividend Announcement: Dole has declared a quarterly dividend of $0.085 per share, consistent with previous quarters, reflecting the company's stable cash flow and ongoing commitment to shareholder returns.
- Dividend Yield: The forward yield of 2.13% provides investors with a relatively stable income source, enhancing the company's attractiveness in the market.
- Shareholder Record Date: The dividend will be payable on April 8, with a record date of March 18 and an ex-dividend date also on March 18, ensuring shareholders receive their earnings promptly.
- Consistent Dividend Payments: Dole has now announced the same dividend for four consecutive quarters, indicating strong financial health and potentially attracting long-term investors seeking stable income.
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- Revenue Growth: Dole PLC reported Q4 revenue of $2.366 billion, up from $2.167 billion year-over-year, driven by positive operational performance across all segments and a favorable foreign currency translation impact of $77.1 million.
- Improved Net Loss: The company recorded a net loss of $2.7 million, or $0.03 per share, in Q4, significantly better than the $39.1 million loss, or $0.41 per share, in the same quarter last year, indicating a gradual improvement in financial health.
- Decline in Operating Income: Operating income for the quarter stood at $27.69 million, down from $34.81 million a year ago, reflecting challenges in cost control and market competition.
- Positive Outlook: Dole anticipates adjusted EBITDA of at least $400 million for fiscal 2026, an increase from $395.4 million in fiscal 2025, suggesting a positive outlook for future performance.
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- Earnings Highlights: Dole's Q4 Non-GAAP EPS of $0.14 missed expectations by $0.01, yet revenue reached $2.37 billion, a 9.2% year-over-year increase, surpassing market forecasts by $50 million, indicating robust growth potential in a competitive landscape.
- Adjusted EBITDA Performance: The company reported an adjusted EBITDA of $395 million for FY 2025, exceeding guidance and showcasing operational resilience amid macroeconomic uncertainties and industry-specific challenges, reflecting effective strategic decisions by management.
- 2026 Fiscal Outlook: Dole targets an adjusted EBITDA of at least $400 million for FY 2026, with routine capex forecasted at approximately $100 million, aligning with annual depreciation, demonstrating confidence in future growth and sound financial planning.
- Strategic Development Opportunities: Dole is exploring various development opportunities that, if executed, will strengthen its business and drive further growth, with expected full-year interest expenses of around $60 million for 2026, highlighting effective management of financial costs.
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- Earnings Announcement Date: Dole is set to release its Q4 earnings on February 25 before the market opens, with investors keenly awaiting performance insights to gauge future growth potential.
- Earnings Expectations: The consensus EPS estimate stands at $0.15, reflecting a 6.3% year-over-year decline, indicating potential profitability pressures that may affect investor confidence.
- Revenue Projections: The consensus revenue estimate is $2.32 billion, representing a 6.9% year-over-year increase, suggesting that despite challenges, Dole has some sales growth potential that could attract long-term investors.
- Historical Performance Review: Over the past two years, Dole has exceeded EPS estimates 63% of the time and revenue estimates 88% of the time, indicating a degree of stability and reliability in its financial performance.
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- Earnings Announcement Schedule: Dole plc will announce its financial results for Q4 and full year 2025 on February 25, 2026, prior to market opening, with management hosting a webcast at 8:00 a.m. ET to discuss the results and answer investor questions.
- Increased Transparency: Starting in 2026, Dole plc will voluntarily file reports on U.S. domestic issuer forms, including Forms 10-K, 10-Q, and 8-K, while remaining a foreign private issuer, aiming to enhance comparability and consistency with other U.S. public companies.
- Potential Market Impact: By adopting U.S. domestic forms, Dole plc anticipates improving its eligibility for inclusion in certain U.S. stock indices, potentially attracting more investor interest and enhancing market confidence.
- Company Background: Dole plc is a global leader in fresh produce, dedicated to providing a diverse range of fresh fruits and vegetables in over 85 countries, with a goal of promoting global health through sustainable practices.
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