Core Insights - Dole reported quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.17 per share, and down from $0.19 per share a year ago, representing an earnings surprise of -5.88% [1] - The company posted revenues of $2.28 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.33%, and up from $2.06 billion year-over-year [2] - Dole shares have underperformed the market, losing about 3% since the beginning of the year compared to the S&P 500's gain of 14.4% [3] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.16 on revenues of $2.29 billion, and for the current fiscal year, it is $1.03 on revenues of $9.07 billion [7] - The estimate revisions trend for Dole was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Agriculture - Operations industry, to which Dole belongs, is currently in the bottom 17% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Q3 2025 Highlights - Dole's broadly based business model delivered a good Q3 2025 result, in line with market expectations[9] - The company completed the sale of its Fresh Vegetable division at the beginning of August for $140 million[9] - The board authorized share repurchases of up to $100 million[9] Financial Performance - Q3 2025 revenue increased to $2,279 million, compared to $2,062 million in Q3 2024[25] - Income from continuing operations for Q3 2025 was $241 million, up from $151 million in Q3 2024[25] - Net income attributable to Dole plc decreased to $51 million in Q3 2025, from $144 million in Q3 2024[25] - Adjusted EBITDA for Q3 2025 was $808 million, slightly down from $821 million in Q3 2024[25] Segment Results - Fresh Fruit revenue increased by 115% to $890 million, but Adjusted EBITDA decreased by 367% to $272 million due to higher sourcing costs[28] - Diversified Fresh Produce – EMEA revenue increased by 109% to $998 million, and Adjusted EBITDA increased by 342% to $407 million[32] - Diversified Fresh Produce – Americas & ROW revenue increased by 77% to $420 million, and Adjusted EBITDA increased by 462% to $129 million[37] FY'25 Outlook - The company is targeting the upper end of the $380-$390 million range for Adjusted EBITDA from continuing operations[46] - Routine capital expenditure for continuing operations is expected to be approximately $85 million[46]

Table of Contents | Background and Certain Defined Terms | 1 | | --- | --- | | Forward-Looking Statements | 1 | | PART I - FINANCIAL INFORMATION | | | Item 1. Financial Statements | 1 | | Unaudited Condensed Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024 | 2 | | Unaudited Condensed Consolidated Statements of Operations for the Three and Nine Months ended September 30, | | | 2025 and September 30, 2024 | 3 | | Unaudited Condensed Consolidated Statements of Comprehensive Income for ...

Core Viewpoint - Dole plc has authorized a share repurchase program allowing the company to buy back up to $100 million of its ordinary shares, reflecting a commitment to long-term sustainable shareholder value [1] Group 1: Share Repurchase Program - The share repurchase program is part of a broader capital allocation strategy [1] - The company plans to repurchase shares through open-market transactions [1]

Core Insights - U.S. stock futures are trading higher, indicating a positive market sentiment for the day [1] Company Earnings Expectations - Tyson Foods Inc. (NYSE:TSN) is expected to report quarterly earnings of 83 cents per share on revenue of $13.97 billion, with shares rising 0.3% to $52.86 in after-hours trading [2] - Interpublic Group of Companies Inc. (NYSE:IPG) is projected to post quarterly earnings of 73 cents per share on revenue of $2.19 billion, with shares increasing 1.7% to close at $25.46 [2] - Viasat Inc. (NASDAQ:VSAT) reported adjusted earnings of 9 cents per share on sales of $1.141 billion for the second quarter, with shares rising 0.9% to close at $35.81 [2] - Dole PLC (NYSE:DOLE) is anticipated to report quarterly earnings of 17 cents per share on revenue of $2.15 billion, with shares gaining 0.7% to close at $13.14 [2] - Occidental Petroleum Corp. (NYSE:OXY) is expected to report quarterly earnings of 52 cents per share on revenue of $6.68 billion, with shares increasing 2.5% to close at $41.31 [2]

Core Insights - Mission Produce, Inc. (AVO) and Dole plc (DOLE) represent two distinct business models in the fresh produce sector, with AVO focusing on avocados and DOLE on a broader range of fruits and vegetables [1][2] Group 1: Mission Produce (AVO) - AVO reported a record quarterly revenue of $357.7 million for Q3 fiscal 2025, marking a 10% year-over-year increase, driven by a 10% rise in avocado volumes [2][4] - The company's vertically integrated model allows it to manage the entire value chain, ensuring supply reliability and pricing agility, with its International Farming segment seeing a 79% year-over-year revenue increase [3][4] - AVO's net income for the fiscal third quarter was $14.7 million, with strong cash generation of $34 million from operations, supported by investments in digital traceability and market expansion [4] Group 2: Dole plc (DOLE) - DOLE achieved a revenue of $2.4 billion in Q2 2025, reflecting a 14.3% year-over-year increase, alongside a 9.3% rise in adjusted EBITDA to $137 million [5][9] - The company has a significant presence in the global fruit and vegetable market, with a diversified portfolio that includes leading positions in bananas and pineapples [6][7] - Dole's strategic divestiture of its Fresh Vegetables division aims to enhance focus on high-performing segments, while its strong distribution partnerships support its market position [7][9] Group 3: Financial Performance and Valuation - AVO's forward price-to-earnings (P/E) multiple is 20.57X, slightly below its 5-year median of 20.77X, while DOLE's forward P/E is 9.26X, below its 5-year median of 9.92X [18][20] - In the past year, AVO's stock declined by 11.5%, outperforming DOLE's 21.8% decline, although both underperformed the S&P 500's 15.7% return [14][20] - AVO is viewed as a higher-growth business, while DOLE's valuation reflects its diversified nature and stability, appealing to value-focused investors [20][21] Group 4: Market Outlook - The Zacks Consensus Estimate suggests AVO's fiscal 2025 sales will grow by 12.1%, while DOLE's sales are expected to increase by 7% [10][12] - AVO's focus on premium growth in the avocado market contrasts with DOLE's broader, more stable approach, making AVO attractive for growth-oriented investors [21][22] - Overall, AVO is positioned as a leader in the avocado sector, while DOLE offers a diversified portfolio that ensures stability and income [22][24]

Core Insights - Dole plc (DOLE) presents a significant investment opportunity by providing access to a global supply chain characterized by scale, reliability, and market reach [1] Company Analysis - Dole plc is positioned within a market dynamic that emphasizes the importance of supply chain efficiency and market penetration [1] - The company is viewed favorably in terms of its operational capabilities and potential for growth [1] Investment Strategy - The investment strategy focuses on identifying high-growth companies, particularly in the micro-cap segment, utilizing technical analysis and the CAN SLIM methodology [1] - Key indicators for investment include strong financial momentum, rapid earnings growth, and signs of institutional interest, which often precede significant stock price movements [1] Market Context - The analysis highlights the importance of understanding behavioral aspects of trading, including price action, volatility, and market sentiment [1] - The research process integrates both fundamental and technical perspectives, paying attention to relative strength, unusual trading volume, and earnings acceleration [1]

Core Insights - Dole plc (DOLE) presents a significant investment opportunity by providing access to a global supply chain characterized by scale, reliability, and market reach [1] Company Analysis - Dole plc is positioned within a market dynamic that emphasizes the importance of supply chain efficiency and market penetration [1] - The company is viewed favorably for its ability to maintain operational reliability and expand its market presence [1] Investment Strategy - The investment strategy focuses on identifying high-growth companies, particularly in the micro-cap segment, that exhibit strong financial momentum and rapid earnings growth [1] - Key indicators for investment include relative strength, unusual trading volume, and earnings acceleration, which signal potential stock breakouts [1]

Core Insights - Dole Food Company is collaborating with Minecraft to promote healthier lifestyles through interactive play and education [1] Company Summary - The partnership aims to inspire fruit-fueled fun, indicating a focus on engaging younger audiences in healthy eating habits [1]

Core Thesis - Dole plc is viewed positively despite a recent 10% decline in share price due to a secondary offering, which is seen as a technical overhang rather than a reflection of the company's fundamentals [2][3][4] Company Performance - Dole plc's share price was $13.06 as of October 15th, with trailing and forward P/E ratios of 11.14 and 7.63 respectively [1] - The recent decline in share price followed the announcement of a secondary offering at $13.25, a discount from the previous closing price of $14.70 [2] - The company remains profitable and stable, trading at approximately 6x EV/EBITDA and under 10x free cash flow, indicating solid value for investors [4] Ownership Structure - The decline in share price is attributed to the estate of David Murdock, a 13% legacy shareholder, who passed away, leading to a tax-efficient divestment by his heirs [2][3] - The McCann family, which leads Dole and owns 7.7% of the equity, has not sold any shares, indicating confidence in the company's long-term outlook [3] Market Sentiment - The market's reaction to the secondary offering appears to be sentiment-driven, typical of "fake insider" selling events that often lead to short-term mispricing [3] - A recovery towards pre-announcement levels around $14.70 is anticipated as selling pressure diminishes [4] Investment Opportunity - The removal of a large legacy shareholder is expected to simplify Dole's ownership structure and broaden its potential investor base, enhancing liquidity and institutional participation [4] - InformationOk4114 emphasizes Dole plc's undervalued position and temporary market mispricing, similar to a previous bullish thesis on Cal-Maine Foods, Inc. [5]