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.

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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.

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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.

Mission Produce, Inc. (AVO) Q3 2024 Earnings Call Transcript

Shares of Mission Produce gained after the company posted higher revenue and profit in its fiscal third quarter.

Mission Produce stock jumps 16% as avocado producer's revenue surges

Year-to-date momentum continues with ongoing strength of the Marketing & Distribution segment Operating cash flow for the first nine months of fiscal 2024 increased by $62.7 million versus the prior year period OXNARD, Calif., Sept. 09, 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 third quarter ended July 31, 2024.

Mission Produce™ Announces Fiscal 2024 Third Quarter Financial Results

Mission Produce, Inc. (NASDAQ:AVO ) Q2 2024 Earnings Conference Call June 6, 2024 5:30 PM ET Company Participants Jeff Sonnek - IR, ICR Stephen Barnard - CEO Bryan Giles - CFO Conference Call Participants Gerry Sweeney - ROTH MKM Ben Klieve - Lake Street Capital Markets Operator Good afternoon, everyone, and welcome to the Mission Produce Fiscal Second Quarter 2024 Conference Call. All participants will be in a listen-only mode.

Mission Produce, Inc. (AVO) Q2 2024 Earnings Call Transcript

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Mission Produce Inc. rode higher avocado prices to swing to a surprise profit and posted better-than-expected quarterly revenue late Thursday.

Rising avocado prices boost Mission Produce's stock

Achieves record second quarter results driven by higher price and volume in the Marketing & Distribution segment Achieves record second quarter results driven by higher price and volume in the Marketing & Distribution segment

Mission Produce™ Announces Fiscal 2024 Second Quarter Financial Results

OXNARD, Calif., May 23, 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 second quarter ended April 30, 2024 after the market closes on Thursday, June 6, 2024. 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 Second Quarter 2024 Financial Results on Thursday, June 6, 2024

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The recent surge in analyst coverage for stocks such as Mission Produce (AVO), iRobot (IRBT) and Old Republic (ORI) indicates the potential for significant price appreciation in the near term.

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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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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.

News for Mission Produce Stock (AVO)