Mission Produce quarterly financial performance

Overview

Mission Produce reported third-quarter revenue of US$450 million for fiscal 2026, a 26% increase compared to the same period the previous year. This growth was attributed to a 38% rise in avocado volumes, supported by increased supply from Mexico and the integration of the Calavo acquisition.

Despite the revenue increase, the company recorded a net loss of US$6.5 million, or US$0.08 per diluted share, compared to a net income of US$14.7 million in the prior-year period. The company noted that lower average avocado sales prices due to higher global supply and US$25.4 million in pre-tax costs related to the Calavo acquisition contributed to the loss.

Subsequent reporting indicates that while the company’s revenue of US$450 million significantly exceeded the US$277.1 million expected by analysts, the adjusted earnings per share (EPS) of US$0.18 beat estimates. However, the company experienced a margin collapse from 4.1% to negative 1.3%, as gross profit remained nearly flat despite the substantial increase in avocado volume.

Entities

Mission Produce · IBEX · Calavo · Adobe Inc.

Timeline

1 day ago

[BUSINESS] 3 sources
Adobe, Mission Produce, and IBEX report quarterly earnings
Adobe, Mission Produce, and IBEX reported quarterly earnings that beat revenue and EPS estimates, though all faced challenges regarding profit margins and investor sentiment.
2 days ago

[BUSINESS] 2 sources
Mission Produce revenue rises 26% to US$450 million in Q3
Mission Produce reported a 26% revenue increase to US$450 million in Q3 fiscal 2026, driven by higher avocado volumes and the Calavo acquisition, despite a net loss of US$6.5 million.

Sources

ad-hoc-news.de · freshplaza.com · freshplaza.es · levisonenterprises.com · news.alphastreet.com

This summary has been updated 1 time: see revision history