Dole plc (NYSE:DOLE) reported better-than-expected second-quarter earnings on Thursday, fueled by strong results across all continuing business segments. Following the announcement, the company’s shares gained 2.05%.
For the quarter ended June 30, 2025, Dole posted adjusted earnings per share of $0.55, topping analyst forecasts of $0.51. Revenue reached $2.4 billion, well above the anticipated $2.16 billion, marking a 14.3% year-over-year increase (12.1% on a like-for-like basis).
Adjusted EBITDA climbed 9.3% to $137.1 million compared to the same period last year, while adjusted net income rose 13% to $53.2 million.
After the quarter closed, Dole completed the sale of its Fresh Vegetables division to Arable Capital Partners for roughly $140 million.
“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 delivered a 14.2% revenue boost to $972.6 million, driven mainly by increased global volumes and higher prices for bananas and pineapples.
Meanwhile, the Diversified Fresh Produce – EMEA unit saw revenues rise 16.5% to $1.1 billion, and the Americas & ROW segment grew 8.5% to $386.3 million.
Following these strong results, Dole raised its full-year adjusted EBITDA forecast to a range of $380 million to $390 million.
Additionally, the company declared a quarterly dividend of $0.085 per share, payable on October 6, 2025, to shareholders registered by September 15, 2025.
Net income declined to $18 million from $88.1 million the previous year, largely due to a $35 million loss related to discontinued Fresh Vegetables operations compared to income of $32 million last year.
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