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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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.

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Mission Produce Inc. executives said Thursday that prices for its main product, avocados, jumped by 50% from a year ago, a move that would typically mean booming revenue and profit for the fruit grower.

Earnings Results: Avocado prices jumped 50% in the past year, but Mission Produce stock is still plummeting toward its lowest prices since IPO

OXNARD, Calif., March 10, 2022 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (Nasdaq: AVO) (“Mission” or the “Company”), the world leader in sourcing, producing, and distributing fresh Hass avocados and mangos, today reported its financial results for the fiscal first quarter ended January 31, 2022.

Mission Produce Announces Fiscal 2022 First Quarter Financial Results

OXNARD, Calif., Feb. 24, 2022 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (Nasdaq: AVO) (“Mission” or the “Company”), the world leader in sourcing, producing, and distributing fresh avocados, today announced it will release its financial results for the fiscal first quarter ended January 31, 2022 after the market closes on Thursday, March 10, 2022. 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 2022 Financial Results on Thursday, March 10, 2022

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Mission Produce Launches “It's Your Game Too” Social Media Campaign to Unite Food and Football Fans Alike

Mission Produce went public in September 2020, raising $96 million in gross proceeds in an IPO.

Mission Produce Faces Near-Term Headwinds

Mission Produce, Inc. (AVO) CEO Steve Barnard on Q4 2021 Results - Earnings Call Transcript

Owned avocado production volume increased 38% in fiscal fourth quarter versus prior year

Mission Produce Announces Fiscal 2021 Fourth Quarter Financial Results

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Mission Produce Continues National Expansion, Opens Distribution Center in Laredo, Texas

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The avocado giant reduced its outlook due to farming supply challenges.

Why Mission Produce Stock Was Down 11% on Tuesday

Mission Produce Inc (NASDAQ: AVO) reported third-quarter FY21 sales growth of 4% year-on-year, to $246.8 million, marginally beating the analyst consensus of $246.37 million. Avocado volume sold increased 2% Y/Y with a 2% hike in average selling price.

Mission Produce Q3 Earnings Miss Estimate, Cuts FY21 Outlook

Mission Produce, Inc. (AVO) CEO Steve Barnard on Q3 2021 Results - Earnings Call Transcript

Shares of Mission Produce Inc. fell more than 5% in the extended session Monday after the avocado producer reported a mixed quarter and tweaked lower its sales guidance for fiscal 2021.

Mission Produce stock down 5% after mixed quarter, lower guidance for avocado producer

International Farming segment revenue increased 22% versus prior year International Farming segment revenue increased 22% versus prior year

Mission Produce Announces Fiscal 2021 Third Quarter Financial Results

More than 50% of consumers plan to purchase more avocados this summer More than 50% of consumers plan to purchase more avocados this summer

Mission Produce Launches “Summer Fridays” Marketing Campaign With Inspirational Avocado Ideas to Liven Up Your Warm Weather Dishes

Barnard is named to the 35th class of unstoppable entrepreneurs who transform Greater Los Angeles and beyond Barnard is named to the 35th class of unstoppable entrepreneurs who transform Greater Los Angeles and beyond

Mission Produce's Founder, President, & CEO Steve Barnard Selected as an EY Entrepreneur Of The Year® 2021 Greater Los Angeles Award Finalist

Mission Produce, Inc (AVO) CEO Steve Barnard on Q2 2021 Results - Earnings Call Transcript

OXNARD, Calif., June 10, 2021 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (Nasdaq: AVO) (“Mission” or the “Company”), the world leader in sourcing, producing, and distributing fresh avocados, today reported its financial results for the fiscal second quarter ended April 30, 2021.

Mission Produce Announces Fiscal 2021 Second Quarter Financial Results

Mission Produce has done well since its public offering.

Mission Produce: On A Mission

OXNARD, Calif., May 27, 2021 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (Nasdaq: AVO) (“Mission” or the “Company”), the global leader in sourcing, producing, and distributing fresh avocados with an additional focus in mangos, today announced it will release its financial results for the fiscal second quarter ended April 30, 2021 after the market closes on Thursday, June 10, 2021. 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 Second Quarter 2021 Financial Results on Thursday, June 10, 2021

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"Finest for the Future” highlights commitment to farming sustainably, protecting its people, supporting global communities, as well as annual reductions in waste and water usage

Mission Produce Releases Inaugural Environmental, Social, and Governance (ESG) Report, Finest for the Future

A 35.5% year-to-date run makes now the time to take profits in the avocado producer, argues analyst Sergio Matsumoto.

News for Mission Produce Stock (AVO)