Mission Produce

Mission Produce, Inc. engages in farming, packaging, marketing, and distribution of avocados to food retailers, distributors, and produce wholesalers worldwide. It operates through the following segments: Marketing and Distribution, International Farming, and Blueberries. The Marketing and Distribution segment focuses on sourcing fruit from growers and distributes the fruit through its global distribution network. The International Farming segment owns and operates avocado orchards from which substantially all fruit produced is sold. The Blueberries segment is involved in a farming operation that cultivates blueberry plants. The company was founded by Stephen J. Barnard and Ed Williams in 1983 and is headquartered in Oxnard, CA.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Mission Produce reports strong Q1 growth amidst pricing challenges

Mission Produce's Q1 performance showcased revenue growth and optimism for improved profitability despite pricing challenges.
The company's strategic strengths include global expansion initiatives, a strong cash position, and investments in key growth areas.
Challenges lie in industry dynamics impacting profitability, particularly in the Blueberry segment, requiring effective strategies to mitigate risks.
Opportunities for Mission Produce include leveraging pricing stability, expanding into Blueberries, and capitalizing on global market expansion.

Mission Produce reports Q2 revenue growth, eyes international expansion

Mission Produce's Q2 2023 performance was driven by increased sales volumes despite challenges in pricing, with a focus on margin improvement.
The company faces pricing pressures but remains optimistic about future margins and opportunities for growth through international expansion.
Strategic investments in distribution centers and expectations of higher sales volumes offer potential for revenue growth in the coming quarters.
Despite current challenges, Mission is positioning itself for improved profitability and operational efficiency in the second half of the fiscal year.

Mission Produce (AVO) reports stable revenue but lower EBITDA in Q3

Mission Produce (AVO) navigated Q3 2023 with consistent revenue but lower adjusted EBITDA, driven by challenges in the Peruvian harvest. Despite facing weather-related issues and lower margins, the company managed to decrease SG&A expenses and initiate a stock repurchase program. Looking ahead, Mission Produce expects pricing stability but lower volumes in Q4 due to reduced supply from Peru.

Mission Produce reports strong fiscal year 2023 performance and growth opportunities

Mission Produce's fiscal year 2023 showcased growth in avocado volumes and revenue, with a strategic focus on global expansion and product diversification, despite challenges in pricing and production.
The company's strong Q4 performance, driven by increased demand and operational efficiencies, positions it well for future growth and profitability, supported by investments in technology and cost control measures.
While facing challenges such as weather-related issues and rising transportation costs, Mission Produce is actively pursuing opportunities in market expansion, strategic partnerships, and operational enhancements to drive long-term success.

Mission Produce reports robust Q1 earnings, eyes growth opportunities

Mission Produce's Q1 2024 performance reflects strong revenue growth, operational improvements, and strategic investments in expansion and leadership.
While facing challenges in pricing dynamics and capital expenditure management, the company is well-positioned to leverage growth opportunities in new markets and product segments.
Overall, Mission's financial stability, operational efficiency, and focus on long-term growth indicate a positive outlook for future performance and shareholder value.

Mission Produce (AVO) reports record revenue growth and diversifies into new markets

Mission Produce (AVO) delivered strong financial results in Q2 2024, driven by record revenue and improved profitability. Despite challenges in the avocado crop, the company's strategic diversification and focus on operational efficiency have positioned it for future growth. With a solid cash position and growth opportunities in new markets, Mission Produce remains resilient and poised for continued success.

Mission Produce reports stellar Q3 results, eyes growth opportunities

Mission Produce's Q3 2024 performance showcased strong revenue and EBITDA growth, driven by effective operational strategies and market positioning. Despite challenges in Peru, the company leveraged its global network to maintain profitability. With a focus on balance sheet health and shareholder value, Mission Produce is poised for continued success.

Mission Produce excels in Q4 2024, eyes growth amid challenges

Mission Produce's Q4 2024 performance reflects resilience and strategic growth initiatives amidst market challenges.
The company's focus on debt reduction and operational optimization positions it well for future success and financial stability.
With strong industry dynamics and market opportunities ahead, Mission Produce is poised for continued growth and profitability.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

The stock market has been stingy with new highs lately, but Mission Produce, Deckers and Klaviyo made the cut Friday. The post Stock Market New Highs: Booming Avocado Sales Lift Mission Produce appeared first on Investor's Business Daily.

Stock Market New Highs: Booming Avocado Sales Lift Mission Produce

Mission Produce, Inc. (NASDAQ:AVO ) Q4 2024 Results Conference Call December 19, 2024 5:00 PM ET Company Participants Jeff Sonnek - Investor Relations, ICR Stephen Barnard - Chief Executive Officer Bryan Giles - Chief Financial Officer John Pawlowski - President and Chief Operating Officer Conference Call Participants Ben Klieve - Lake Street Capital Markets Gerry Sweeney - ROTH Capital Partners Operator Good afternoon, and welcome to the Mission Produce's Fourth Quarter 2024 Conference Call. All participants will be in a listen only mode.

Mission Produce, Inc. (AVO) Q4 2024 Earnings Call Transcript

Strong top and bottom-line results driven by ongoing strength of the Marketing & Distribution segment Operating cash flow for full year fiscal 2024 increased by $64.2 million versus fiscal 2023 OXNARD, Calif., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (Nasdaq: AVO) (“Mission” or the “Company”), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today reported its financial results for the fiscal fourth quarter ended October 31, 2024.

Mission Produce™ Announces Fiscal 2024 Fourth Quarter Financial Results

Cal-Maine Foods

Cadiz

Calavo Growers

Agriculture stocks like CALM, AVO, CWGV and CDI are worth keeping an eye on as they are expected to gain from solid end-market demand.

4 Agriculture Stocks to Harvest Gains Before the Year Ends

Shares of Mission Produce, Inc. AVO have rallied 30.8% so far in 2024, marking significant growth against the agriculture operations industry's decline of 7.9%. The stock has also outperformed the Consumer Staples sector and the S&P 500's rise of 4.3% and 27.7%, respectively, year to date.

Mission Produce Stock Rises 31% in 2024: Still a Buy for 2025?

OXNARD, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ: AVO) (“Mission” or the “Company”), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today announced Steve Barnard, Founder and Chief Executive Officer, and Bryan Giles, Chief Financial Officer, will be participating in the Stephens Annual Investment Conference in Nashville, TN. The Company will host a fireside chat on Tuesday, November 19th at 9:00 am CT.

Mission Produce to Participate in the Stephens Annual Investment Conference

Stride

Progressive

Sprouts Farmers Markets

It is imperative to build a portfolio of low-beta stocks to navigate a volatile market. SFM, AVO, LRN & PGR are well-poised to gain.

Buy 4 Low-Beta Stocks SFM, AVO, LRN, PGR to Beat Market Volatility

OXNARD, Calif., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ: AVO) (“Mission” or “the Company”) a world leader in sourcing, producing, and distributing fresh Hass avocados, today announced the implementation of a policy aimed at addressing illegal deforestation associated with avocado farming in Michoacán, Mexico.

Mission Produce® Implements Policy Addressing Illegal Deforestation

BGC Group Inc

Nu Holdings

Mission Produce, BGC Group and Nu Holdings have been selected as the breakout stocks for today.

3 Strong Buy Breakout Stocks to Add to Your Portfolio

Here is how Mission Produce, Inc. (AVO) and Clorox (CLX) have performed compared to their sector so far this year.

Is Mission Produce (AVO) Outperforming Other Consumer Staples Stocks This Year?

Mission Produce (AVO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Mission Produce, Inc. (AVO) Hit a 52 Week High, Can the Run Continue?

Mission Produce (AVO) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Recent Price Trend in Mission Produce (AVO) is Your Friend, Here's Why

Year-to-date momentum continues – Company providing an update on fourth quarter results, driven primarily by strong performance in the Marketing & Distribution segment Year-to-date momentum continues – Company providing an update on fourth quarter results, driven primarily by strong performance in the Marketing & Distribution segment

Mission Produce™ Provides Business Update for the Fiscal 2024 Fourth Quarter

Has Mission Produce (AVO) Outpaced Other Consumer Staples Stocks This Year?

JD.com

ProAssurance

It is imperative to build a portfolio of low-beta stocks to sail through a volatile market. PGR, JD, AVO & PRA are well-poised to gain.

Secure Your Portfolio With 4 Low-Beta Stocks: PGR, JD, AVO, PRA

Mission Produce (AVO) Is a Great Choice for 'Trend' Investors, Here's Why

Mission Produce (AVO) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Mission Produce (AVO) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Abacus Life Inc

Erie Indemnity

It is imperative to build a portfolio of low-beta stocks to sail through a volatile market. ERIE, SFM, AVO & ABL are well-poised to gain.

Buy 4 Low-Beta Stocks & Forget About Volatility: ERIE, SFM, AVO, ABL

Here is how Mission Produce, Inc. (AVO) and British American Tobacco (BTI) have performed compared to their sector so far this year.

Are Consumer Staples Stocks Lagging Mission Produce (AVO) This Year?

Mission Produce, Inc. (AVO) Soars to 52-Week High, Time to Cash Out?

Here's Why Momentum in Mission Produce (AVO) Should Keep going

Rich in antioxidants like Omega 3, magnesium, potassium, fiber, and lutein, as well as nutrients, including vitamins A through E and K, the avocado is a superfood (and a fruit). Last year, the United States imported a new record of 2.8 billion pounds of avocados from Mexico, the world's largest supplier.

2 Avocado Stocks Proving the Superfood Can Be a Super Investment

Though it didn't sell as many avocados in fiscal Q3 as it did a year ago, it more than made up for it with higher prices. Management expects prices to come back down somewhat in the current quarter, but to remain above prior-year levels.

Why Mission Produce Stock Jumped Today

Mission Produce shows strong financials with Q3 2024 revenue at $324 million and EPS at $0.23, but faces high P/E ratio and negative earnings growth. The company excels in global expansion and ripening technology, but avocado production challenges and high prices may impact future profitability. Despite diversification into mangos and blueberries, the stock's high valuation and risks lead me to rate it a “Hold”.

Mission Produce: Ripe For Growth But Too Pricey To Pick

Mission Produce, Inc. (NASDAQ:AVO ) Q3 2024 Earnings Conference Call September 9, 2024 5:30 PM ET Company Participants Jeff Sonnek - Investor Relations, ICR Stephen Barnard - Chief Executive Officer Bryan Giles - Chief Financial Officer John Pawlowski - President and Chief Operating Officer Conference Call Participants Ben Klieve - Lake Street Capital Markets Gerry Sweeney - ROTH Capital Partners Operator Greetings and welcome to the Mission Produce Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

News for Mission Produce Stock (AVO)