v3.26.1
SEGMENTS
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENTS SEGMENTS
Dole has the following three reportable segments, which align with the manner in which the business is managed: Fresh Fruit, Diversified Fresh Produce – Europe, the Middle East and Africa (“Diversified Fresh Produce – EMEA”) and Diversified Fresh Produce – Americas and the Rest of World (“Diversified Fresh Produce – Americas & ROW”). The Company’s reportable segments are based on (i) financial information reviewed by the Chief Operating Decision Maker (“CODM”), defined as the Chief Executive Officer (“CEO”) and Chief Operating Officer (“COO”), (ii) internal management and related reporting structures and (iii) the basis upon which the CODM assesses performance and allocates resources.
Fresh Fruit: The Fresh Fruit reportable segment primarily sells bananas, pineapples and plantains which are sourced from Dole‑owned and leased farms or local growers, predominately located in Latin America, and sold throughout North America, Europe, Latin America and Asia. This segment also operates a commercial cargo business, which offers available capacity to transport third party cargo on company-owned vessels that are primarily used internally for transporting bananas and pineapples between Latin America, North America and Europe.
Diversified Fresh Produce – EMEA: The Diversified Fresh Produce – EMEA reportable segment includes Dole’s Irish, Dutch, Spanish, Portuguese, French, Italian, United Kingdom (“U.K.”), Swedish, Danish, South African, Czech, Slovakian, Polish, German and Brazilian businesses, the majority of which sell a variety of imported and local fresh fruits and vegetables through retail, wholesale, food service and e‑commerce channels across the European marketplace.
Diversified Fresh Produce – Americas & ROW: The Diversified Fresh Produce – Americas & ROW reportable segment includes Dole’s United States (“U.S.”), Canadian, Mexican, Chilean, Peruvian and Argentinian businesses, all of which market globally and locally-sourced fresh produce, including avocados, kiwis, apples, berries and cherries, from third-party growers or Dole-owned farms to wholesale, retail‑oriented marketing and specialist businesses.
Segment performance is evaluated based on a variety of factors, of which revenue and adjusted earnings before interest expense, income taxes and depreciation and amortization (“Adjusted EBITDA”) are the financial measures regularly reviewed by the CODM. The CODM uses Revenue and Adjusted EBITDA in assessing the performance of each segment. Revenue and Adjusted EBITDA are used to monitor budget versus actual operating results to evaluate the performance of a segment, make decisions on capital and operating funding, consider opportunities to increase profitability and establish management’s compensation. Management does not use assets by segment to evaluate performance or allocate resources. Therefore, assets by segment are not disclosed.
All transactions between reportable segments are eliminated in consolidation.
Adjusted EBITDA is reconciled below to net income by (1) adding the income or subtracting the loss from discontinued operations, net of income taxes; (2) subtracting the income tax expense or adding the income tax benefit; (3) subtracting interest expense; (4) subtracting depreciation charges; (5) subtracting amortization charges on intangible assets; (6) subtracting mark to market losses or adding mark to market gains related to unrealized impacts from certain derivative instruments and foreign currency denominated borrowings, realized impacts on noncash settled foreign currency denominated borrowings, net foreign currency impacts on liquidated entities and fair value movements on contingent consideration; (7) other items which are separately stated based on materiality, which, during the three and six months ended June 30, 2026 and June 30, 2025, included adding the gain or subtracting the loss on the disposal of business interests, adding the gain or subtracting the loss on asset sales for assets held for sale and actively marketed property or sales-type leases, subtracting impairment charges or held‑for‑sale losses on property, plant and equipment and lease assets, adding or subtracting asset write-downs from extraordinary events, net of insurance proceeds, adding interest income on deferred transaction consideration, subtracting acquisition and transaction costs, subtracting restructuring charges and costs for legal matters not in the normal course of business and subtracting debt refinancing expenses; and (8) the Company’s share of these items from equity method investments.
The following tables provide revenue, other segment items and Adjusted EBITDA by reportable segment:
Three Months EndedSix Months Ended
June 30,
2026		June 30,
2025		June 30,
2026		June 30,
2025
Segment Revenue:
Fresh Fruit$972,824 $972,591 $1,910,484 $1,850,736 
Diversified Fresh Produce – EMEA1,111,431 1,100,797 2,133,755 1,992,884 
Diversified Fresh Produce – Americas & ROW440,114 386,348 860,125 749,761 
Total segment revenue2,524,369 2,459,736 4,904,364 4,593,381 
Intersegment revenue(24,958)(31,309)(62,778)(65,550)
Total consolidated revenue, net$2,499,411 $2,428,427 $4,841,586 $4,527,831 
Segment Adjusted EBITDA:1
Fresh Fruit$50,257 $72,756 $102,810 $136,087 
Diversified Fresh Produce – EMEA45,931 48,984 75,896 76,644 
Diversified Fresh Produce – Americas & ROW20,574 15,378 38,368 29,209 
Adjustments:
Income tax expense(14,802)(25,504)(36,784)(43,082)
Interest expense(14,857)(17,516)(27,443)(34,698)
Depreciation(26,320)(26,496)(52,847)(51,309)
Amortization of intangible assets(1,381)(1,737)(2,922)(3,468)
Mark to market gains (losses)3,148 (17,153)7,273 (23,069)
Gain on asset sales— 8,737 47 11,178 
(Loss) gain on disposal of businesses(28)48 1,164 409 
Legal and restructuring costs(23,054)— (23,054)— 
Asset write-downs, net of insurance proceeds(184)3,617 (184)3,617 
Impairment of property, plant and equipment and lease assets(73)— (984)— 
Other items89 (3,190)100 (3,284)
Items in equity method earnings:
Dole’s share of depreciation(2,179)(1,793)(4,662)(3,460)
Dole’s share of amortization(168)(131)(335)(357)
Dole’s share of income tax expense(2,454)(2,263)(2,804)(3,430)
Dole’s share of interest expense(1,374)(917)(2,879)(1,708)
Dole’s share of gain on disposal of business interests4 (4)199 7,679 
Dole’s share of other items1,998 123 1,903 110 
Income from continuing operations35,127 52,939 72,862 97,068 
Income from discontinued operations, net of income taxes— (34,950)— (34,920)
Net income$35,127 $17,989 $72,862 $62,148