Dole’s Profit Dip Amid Rising Costs | Dublin News

Dole’s profits dipped 14% in Q2 despite a slight sales bump to $2.5 billion, hit hard by soaring fruit sourcing costs—especially for bananas and pineapples due to Middle East conflict, fuel hikes, and bad weather. But their diversified produce like avocados and kiwis thrived outside Europe, cushioning the blow. Strategic moves include selling an Ecuador port for $95M and acquiring a Swedish firm to boost growth in Europe, the Middle East, and Africa. While global shipping costs remain high, Dole sees signs of stabilization and aims for $400M in adjusted earnings by 2026. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5411481a9785b642