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 2024

Mission Produce reports Q2 revenue decrease, eyes Peruvian season

Mission Produce's Q2 2023 performance reflects a decrease in revenue due to lower avocado sales pricing, despite increased sales volumes. The company is focusing on strengthening its international footprint and is optimistic about the Peruvian season. While facing challenges with cash and cash equivalents, it sees opportunities in higher anticipated volumes and lower CapEx.

Mission Produce reports solid Q2 performance, eyes export growth

Mission Produce's Q2 2023 performance reflects resilience amidst challenges in the Peruvian growing region. The company's cost management efforts and stock repurchase program demonstrate a strong financial position. While facing pricing and volume challenges in the near term, the company sees opportunities in exportable volumes from Peru and remains focused on growth.

Mission Produce reports mixed Q3 2023 earnings, anticipates improved 2024 performance

Mission Produce's Q3 2023 earnings reflect a mixed performance with challenges in the International Farming segment but strengths in the Blueberries segment. The company anticipates improved pricing and modest capital spend in 2024, aiming to balance out year-round supply through strategic decisions.

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Shares of Mission Produce AVO, -2.82% rose after the company's results were boosted by higher prices for avocados.

Mission Produce shares rise nearly 6% as avocado prices boost results

Mission Produce, Inc. (NASDAQ:AVO ) Q1 2024 Results Conference Call March 11, 2024 5:00 PM ET Company Participants Jeff Sonnek - Investor Relations at ICR Steve Barnard - Chief Executive Officer Bryan Giles - Chief Financial Officer Conference Call Participants Ben Bienvenu - Stephens Gerry Sweeney - ROTH MKM Operator Good afternoon, and welcome to the Mission Produce Fiscal First Quarter 2024 Conference Call. All participants will be in a listen-only mode.

Mission Produce, Inc. (AVO) Q1 2024 Earnings Call Transcript

Company achieves record first quarter results with improved performance across all segments Company achieves record first quarter results with improved performance across all segments

Mission Produce™ Announces Fiscal 2024 First Quarter Financial Results

OXNARD, Calif., March 07, 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 appointment of John Pawlowski to President and Chief Operating Officer (COO), effective April 1, 2024. Steve Barnard will continue to serve as Mission Produce's Chief Executive Officer and a member of the Board of Directors.

Mission Produce™ Appoints New President & Chief Operating Officer

OXNARD, Calif., Feb. 26, 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 it will release its financial results for the fiscal first quarter ended January 31, 2024 after the market closes on Monday, March 11, 2024. The Company will host a conference call and webcast to discuss its financial results at 5:00 PM Eastern Time on the same day.

Mission Produce™ to Release Fiscal First Quarter 2024 Financial Results on Monday, March 11, 2024

OXNARD, Calif., Dec. 28, 2023 (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, Chief Executive Officer, and Bryan Giles, Chief Financial Officer, will be participating in the 2024 ICR Conference in Orlando, FL. The Company will host a fireside chat on Monday, January 8th at 1:00 pm ET.

Mission Produce™ to Participate in the 2024 ICR Conference

Mission Produce, Inc. (AVO) Q4 2023 Earnings Call Transcript

OXNARD, Calif., Dec. 21, 2023 (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, 2023.

Mission Produce(TM) Announces Fiscal 2023 Fourth Quarter Financial Results

OXNARD, Calif., Dec. 07, 2023 (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 it will release its financial results for the fiscal fourth quarter and full year ended October 31, 2023 after the market closes on Thursday, December 21, 2023. The Company will host a conference call and webcast to discuss its financial results at 5:30 PM Eastern Time on the same day.

Mission Produce™ to Release Fiscal Fourth Quarter and Full Year 2023 Financial Results on Thursday, December 21, 2023

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OXNARD, Calif., Nov. 08, 2023 (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, 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 Wednesday, November 15th at 11:00 am CT.

Mission Produce to Participate in the Stephens Annual Investment Conference

Mission Produce, Inc. has experienced a downturn, posting substantial losses and accumulating debt. The company is a key player in the avocado market, with production capacity in Peru, Mexico, and California. Despite its dominant position in the growing avocado market, Mission Produce is still a commodity play and is susceptible to various risks.

Mission Produce: Not Ripe For A Position

Mission Produce, Inc. (NASDAQ:AVO ) Q3 2023 Earnings Call September 11, 2023 5:00 PM ET Company Participants Jeff Sonnek - Investor Relations at ICR Stephen J. Barnard - Chief Executive Officer Bryan Giles - Chief Financial Officer Conference Call Participants Ben Bienvenu - Stephens Tom Palmer - JP Morgan Gerry Sweeney - Roth Capital Partners Operator Good afternoon, and welcome to the Mission Produce Fiscal Third Quarter 2023 Conference Call.

Mission Produce, Inc. (AVO) Q3 2023 Earnings Call Transcript

Mission Produce, Inc. (AVO) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.27 per share a year ago.

Mission Produce, Inc. (AVO) Misses Q3 Earnings Estimates

23% growth in avocado volume sold compared to same period last year Sequential improvement in Marketing & Distribution segment per-unit margins from fiscal second quarter 2023 Updates expectations for Peruvian exportable volume Board approves stock repurchase program up to $20 million OXNARD, Calif., Sept. 11, 2023 (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 third quarter ended July 31, 2023.

Mission Produce™ Announces Fiscal 2023 Third Quarter Financial Results

Mission Produce, Inc. (AVO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Mission Produce, Inc. (AVO) to Report a Decline in Earnings: What to Look Out for

OXNARD, Calif., Aug. 28, 2023 (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 it will release its financial results for the fiscal third quarter ended July 31, 2023 after the market closes on Monday, September 11, 2023. The Company will host a conference call and webcast to discuss its financial results at 5:00 PM Eastern Time on the same day.

Mission Produce™ to Release Fiscal Third Quarter 2023 Financial Results on Monday, September 11, 2023

OXNARD, Calif., Aug. 03, 2023 (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 the appointment of Tony Bashir Sarsam to its board of directors, effective August 14, 2023. Sarsam is appointed as an independent Class I director, with a term expiring at the Company's 2024 Annual Meeting of Stockholders. In connection with this appointment, Mission Produce's board of directors has increased the size of the board from eight to nine directors.

Mission Produce™ Appoints Tony Sarsam to Board of Directors

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Mission Produce, Inc. (NASDAQ:AVO ) Q2 2023 Earnings Conference Call June 8, 2023 5:00 PM ET Company Participants Jeff Sonnek - Investor Relations Steve Barnard - Chief Executive Officer Bryan Giles - Chief Financial Officer Conference Call Participants Benjamin Bienvenu - Stephens, Inc Tom Palmer - JPMorgan Christian Contreras - Bank of America Operator Good afternoon and welcome to the Mission Produce Fiscal Second Quarter 2023 Conference Call. [Operator Instructions] Please also note today's event is being recorded.

Mission Produce, Inc. (AVO) Q2 2023 Earnings Call Transcript

Shares of Mission Produce Inc. jumped after hours on Thursday after the avocado grower reported fiscal second-quarter results that beat estimates, after lower avocado prices led to more product sold but a drop in dollar-figure sales.

Lower avocado prices are leading to more purchases, Mission Produce says, but less revenue

19% growth in avocado volume sold compared to same period last year Year over year market share gains amongst core US retail customer base Sequential improvement in per-unit margins from fiscal first quarter 2023 Commenced operations at new forward distribution center in the United Kingdom Owned production in Peru begins seasonal harvest; expect total exportable production from 125 million to 135 million pounds OXNARD, Calif., June 08, 2023 (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 second quarter ended April 30, 2023.

Mission Produce™ Announces Fiscal 2023 Second Quarter Financial Results

OXNARD, Calif., May 30, 2023 (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 it will host an in-person Investor Day and Facilities Tour on June 26 and June 27, 2023. The two-day event will feature Steve Barnard – Co-Founder and CEO, Bryan Giles – CFO, and other members of the senior leadership team.

News for Mission Produce Stock (AVO)