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Mission Produce quarterly financial performance

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2026-09-10 17:01 UTC → 2026-09-11 13:42 UTC · added ~~removed~~

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.

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