By Connor Hart

Dole logged higher sales in the first quarter, though charges weighed on profitability.

The agricultural company on Monday posted a profit of $31.3 million, or 33 cents a share, compared with $38.9 million, or 41 cents a share, a year earlier.

Stripping out certain one-time items, earnings were also 33 cents a share. Analysts polled by FactSet had expected adjusted earnings of 34 cents a share.

The Dublin-based company attributed the decline in earnings to lower operating income, higher tax charges and lower equity method earnings.

Revenue rose 12% to $2.34 billion, ahead of Wall Street models for $2.23 billion.

Fresh fruit revenue climbed 6.8%, largely due to high prices for bananas, pineapples and plantains.

Revenue from Dole's diversified fresh produce unit in Europe and the Middle East climbed 15%, while revenue from the company's diversified fresh produce unit in the Americas were up 16%.

Executive Chairman Carl McCann said robust consumer demand across key markets helped drive revenue growth and is contributing to positive momentum.

"While we are experiencing complexity in the operating environment due to the ongoing conflict in the Middle East, we believe the strength of our broad and resilient business model positions us well to manage these evolving conditions," he added.

Looking forward, Dole backed its outlook for full-year adjusted Ebitda--or earnings before interest, taxes, depreciation and amortization--of at least $400 million.

Shares fell 3.2%, to $14.40, in premarket trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

May 11, 2026 06:34 ET (10:34 GMT)

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