Pale Fire Capital SE (Senkypl Dusan, Barta Jan) purchased $12.9M of DOLE (indirect holdings)

Pale Fire Capital SE purchased 648,356 indirectly-held shares of Dole plc (DOLE) at an average of $13.19 ($13.12–$13.39, $8.55M total) across 3 trades over 2026-10-20 to 2026-10-22. Filed jointly with Pale Fire Capital SICAV a.s. (10% owner), Pale Fire Capital investicni spolecnost a.s. (10% owner), Senkypl Dusan (10% owner) and Barta Jan (10% owner).

Dole plc (DOLE) reported Q2 2026 revenue up 2.9% to $2.499B, net income more than doubled to $35.1M, but Adjusted EBITDA fell 14.8% due to higher fruit sourcing costs. Diversified Fresh Produce segment saw revenue rise 13.9%, while Fresh Fruit segment's EBITDA dropped 30.9%. The company completed two deals, declared a dividend, and repurchased stock. DOLE cited elevated costs and geopolitical uncertainty for the complex operating environment.

Dole held its Q2 2026 earnings call, reporting Group revenue of $2.5 billion, up 2.9% (1.7% like-for-like). Net income from continuing operations was $35.1 million vs $52.9 million. Adjusted EBITDA fell to $117 million. Dole said it repurchased 700,000 shares for $10 million and discussed proceeds from a transaction and acquisitions in Scandinavia and Ireland.

Dole plc (NYSE:DOLE) discussed Q2 results on an earnings call, citing strong banana volumes in Europe but lower North American volumes, with pineapple availability affected by weather and Costa Rican currency pressure. Management expects Fresh Fruit H2 improvement via contractual pricing and surcharges delayed one quarter. Dole sold an Ecuador port for about $95M, ended with net debt $746M (2.0x), and targets ~ $400M adjusted EBITDA in 2026.

Dole, the New York-listed fruit and vegetable group, reported Q2 profits fell 14% due to higher fruit sourcing costs. Revenue rose 2.9% to $2.5B, while adjusted EBITDA declined to $116.8M from $137.1M. The company said shipping and fuel costs remain elevated, completed a $95M Ecuador port sale, and is targeting about $400M adjusted EBITDA for 2026.

Dole shares fell about 4.2% pre-market after the company reported Q2 2026 results. Adjusted EPS was $0.46 vs $0.51 expected, and revenue was about $2.50B vs $2.52B. Adjusted EBITDA dropped about 14.8% to $116.8M due to higher fruit sourcing and shipping costs, pressuring margins.