What Happened?
Shares of fresh produce company Dole (NYSE: DOLE) fell 8.7% in the afternoon session after the company reported underwhelming first quarter 2025 results. Its EPS missed significantly, and its full-year EBITDA guidance fell slightly short of Wall Street's estimates. The shortfall came as adjusted EPS sank, hit by higher fruit costs, costly shipping delays, and the sale of its Progressive Produce business. Still, Dole beat revenue forecasts, with sales rising 4% on a like-for-like basis thanks to strong demand for bananas and better pricing for pineapples. Overall, this was a weaker quarter given the disappointing profit guidance.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Dole? Access our full analysis report here, it’s free.
What The Market Is Telling Us
Dole’s shares are not very volatile and have only had 1 move greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
Dole is up 0.1% since the beginning of the year, but at $13.55 per share, it is still trading 20.9% below its 52-week high of $17.12 from September 2024. Investors who bought $1,000 worth of Dole’s shares at the IPO in July 2021 would now be looking at an investment worth $934.48.
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