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 2021

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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.

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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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.

Mission Produce Stock Dips on Downgrade From Citigroup

Mission Produce, which has seen shares jump more than 44% over the past three months, is diving into the mango business.

The Ratings Game: Avocado seller Mission Produce stock skyrockets as it heads into the mango business

Shares of Avocado seller Mission Produce Inc. dropped 3.8% in afternoon trading, after J.P. Morgan analyst Thomas Palmer backed away from his bullish view, citing concerns over valuation.

Avocado seller Mission Produce stock falls after BofA downgrades on valuation concerns, but lifts price target

Mission Produce, Inc. (AVO) CEO Steve Barnard on Q1 2021 Results - Earnings Call Transcript

OXNARD, Calif., March 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 first quarter ended January 31, 2021.

Mission Produce Announces Fiscal 2021 First Quarter Financial Results

Mission Produce Inc. said Monday it was entering the Mango category, as the recently public Hass avocado company said it was in "prime position" to enter the market for the most consumed fruit in the world. The company said it currently owned 300 hectares of mangos in Peru, and is on track to source additional fruit from other regions.

Avocado seller Mission Produce enters Mango market

OXNARD, Calif., March 08, 2021 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) (“Mission” or the “Company”), the world leader in sourcing, producing, and distributing fresh Hass avocados, today announced the launch of its year-round mango program. In true Mission form, the program will be the first ever to incorporate ripening and distribution on a global and national scale through Mission's advanced network.

Mission Produce Enters the Mango Category

OXNARD, Calif., Feb. 24, 2021 (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, 2021 after the market closes on Wednesday, March 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 First Quarter 2021 Financial Results on Wednesday, March 10, 2021

Mission Produce beat expectations in its first earnings report after going public in October.

Avocado price drop drives down Mission Produce revenue

OXNARD, Calif., Jan. 19, 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 fourth quarter and full year ended October 31, 2020.

Mission Produce Announces Fiscal Fourth Quarter and Full Year 2020 Financial Results

Mission Produce is a solid bet on the rapidly growing and seemingly recession-proof avocado market. Its position as an industry leader in a space with high barriers to entry makes it best positioned to take on this growth.

Mission Produce: Buy This Stock To Ride Global Avocado Market Growth

OXNARD, Calif., Dec. 22, 2020 (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 fourth quarter and full year ended October 31, 2020 on Tuesday, January 19, 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 Fiscal Fourth Quarter and Full Year 2020 Financial Results on Tuesday, January 19, 2021

Data from Mission Produce Shows Avocados Have Become a Staple in U.S. Diets Data from Mission Produce Shows Avocados Have Become a Staple in U.S. Diets

U.S. On Track to Consume More Avocados in 2020 Than Ever Before, Mission Produce Reports

Perfect for Consumers Looking to Feed the Whole Household  Company Continues Investment in Sustainability with More Environmentally Conscious Packaging

Mission Produce to Launch Mission Jumbos ‘More to Eat, More to Love'

OXNARD, Calif., Nov. 09, 2020 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (“Mission” or the “Company”) (Nasdaq: AVO) today announced Steve Barnard, Founder and Chief Executive Officer, and Bryan Giles, Chief Financial Officer, will be participating in the Stephens Annual Investment Conference.

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