Mission(US:AVO) ZACKS·2025-12-19 17:26Core Insights - Mission Produce, Inc. (AVO) reported a decrease in sales but an increase in earnings for the fourth quarter of fiscal 2025, with both metrics surpassing Zacks consensus estimates [1][3][4] Financial Performance - Adjusted earnings per share (EPS) were 31 cents, exceeding the Zacks Consensus Estimate of 19 cents and up 10.7% from 28 cents in the same quarter last year [3][8] - Total revenues fell 10% year over year to $319 million from $354 million, yet this figure was above the Zacks Consensus Estimate of $312.3 million [4] - Gross profit was $55.7 million, with gross margin improving by 180 basis points to 17.5%, attributed to lower revenues from reduced per-unit pricing [5][8] - Adjusted EBITDA increased by 12% year over year to $41.4 million, driven by higher avocado production and increased volumes in the Marketing and Distribution segment [9][8] Segment Performance - Marketing & Distribution segment net sales decreased 15% year over year to $271.9 million, but adjusted EBITDA rose 11% to $2.7 million due to higher avocado volumes [10] - International Farming segment sales surged 97% year over year to $59.6 million, with adjusted EBITDA increasing 211% to $8.4 million, driven by higher yields and services [11] - Blueberries segment net sales increased 16% year over year to $36.5 million, although adjusted EBITDA fell to $4.7 million from $8.6 million in the previous year [12] Financial Position - As of the end of the quarter, the company had $64.8 million in cash and cash equivalents, $92.8 million in long-term debt, and $587.3 million in shareholders' equity [13] - Capital expenditures for the year totaled $51.4 million, focusing on avocado orchard development and blueberry cultivation [14] Future Outlook - For the first quarter of fiscal 2026, the company anticipates a 10% increase in avocado volumes, although pricing is expected to decline by 25% due to higher supply [15]