Financial Performance - Total revenue reached $319 million, a 10% year-over-year decrease[2] - Adjusted EBITDA hit a record $41.4 million, up 12% year-over-year[2, 3] - Avocado volume sold increased by 13% year-over-year, reaching 181.5 million pounds[2, 3] - Average selling price decreased by 27% year-over-year to $1.39 per pound[2] Segment Performance - Marketing & Distribution segment adjusted EBITDA increased by 11% due to higher volume[4] - International Farming adjusted EBITDA increased significantly by 211%[4] - Peruvian orchards produced approximately 105 million pounds of exportable avocados, more than double the prior year's production[4] Cash Flow and Capital Expenditure - The company generated $89 million in operating cash flow for the full year[5] - The company generated more than $180 million of operating cash flow over a two-year period[5] - Fiscal year 2026 capital expenditure is expected to decrease to approximately $40 million[5]

Core Insights - Mission Produce achieved record full year revenue of $1.39 billion, a 13% increase year-over-year, driven by strong performance in Marketing & Distribution and higher yields from Peruvian orchards in International Farming [1][4] - The company generated nearly $180 million in cash flow from operations over the past two years, with capital expenditures expected to decrease to approximately $40 million in FY26 as it enters a phase of accelerated free cash flow generation [1][6] - A leadership succession plan was announced, with Founder & CEO Steve Barnard transitioning to Executive Chairman and John Pawlowski assuming the CEO role in April 2026 [1] Fiscal Fourth Quarter 2025 Financial Overview - Total revenue for Q4 2025 was $319.0 million, a decrease of 10% compared to the same period last year, primarily due to a 27% decrease in average per-unit avocado sales prices, partially offset by a 13% increase in avocado volume sold [6][11] - Net income attributable to Mission Produce for Q4 was $16.0 million, or $0.22 per diluted share, compared to $17.3 million, or $0.24 per diluted share, for the same period last year [9][35] - Adjusted EBITDA for Q4 increased 12% to $41.4 million, driven by increased avocado production in the International Farming segment and higher volume sold in Marketing & Distribution [10][41] Full Year 2025 Financial Overview - Full year revenue reached $1.39 billion, with a volume growth of 7% compared to the previous year [5] - Net income attributable to Mission Produce increased 3% to $37.7 million, or $0.53 per diluted share [5] - Adjusted net income for the year increased 6% to $56.2 million, or $0.79 per diluted share [5] Segment Performance Marketing & Distribution - Net sales decreased 15% to $271.9 million for Q4, driven by avocado volume and pricing dynamics [11] - Segment operating income increased 9% to $20.3 million, attributed to higher avocado volume sold [12] International Farming - Total sales in the International Farming segment for Q4 increased 97% to $59.6 million, with adjusted EBITDA rising 211% to $8.4 million [14] - The increase was driven by higher yields from owned avocado orchards and increased packing and cooling services provided to third parties [14] Blueberries - Sales in the Blueberries segment increased 16% to $36.5 million for Q4, primarily due to higher volume produced on owned farms [16] - Segment operating income was $4.9 million for Q4, down from $11.6 million in the same period last year due to higher unit costs [17] Balance Sheet and Cash Flow - Cash and cash equivalents as of October 31, 2025, were $64.8 million, up from $58.0 million a year earlier [18] - Net cash provided by operating activities for the year was $88.6 million, compared to $93.4 million last year [19] - Capital expenditures for the year were $51.4 million, primarily for avocado orchard development and packhouse construction [20] Outlook - For Q1 FY26, avocado industry volumes are expected to increase by approximately 10%, driven by a larger Mexican crop [24] - Pricing is anticipated to be lower year-over-year by about 25% compared to the previous year's average [24] - Total capital expenditure for FY26 is expected to be approximately $40 million [24]

Founder & CEO Steve Barnard to Transition to Executive Chairman of the Board; President and COO John Pawlowski to Become CEO at the close of the Annual Meeting of Shareholders in April 2026 Board Refreshment Initiative Underway –Three New Independent Directors Appointed in Advance of Expected Retirement of Current Board Chair at close of the Annual Meeting OXNARD, Calif., Dec. 18, 2025 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ: AVO) (“Mission” or “the Company”) a world leader in sourcing, producing, ...

OXNARD, Calif., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ: AVO) (“Mission” or “the Company”) a world leader in sourcing, producing, and distributing fresh Hass avocados, today announced it will release its financial results for the fiscal fourth quarter ended October 31, 2025 after the market closes on Thursday, December 18, 2025. The Company will host a conference call and webcast to discuss its financial results at 5:00 PM Eastern Time on the same day. Conference Call Details The con ...

Core Insights - Mission Produce, Inc. has appointed Douglas M. Stone to its Board of Directors, effective November 26, 2025, increasing the board size from ten to eleven directors [1][2] - Stone will also serve on the Compensation Committee, replacing Bruce C. Taylor [2] - Stone has extensive leadership experience in the agribusiness sector, having previously served as President of AgriBusiness at J.R. Simplot Company and held various key roles in other companies [3][4] Company Overview - Mission Produce is a global leader in sourcing, producing, and distributing fresh Hass avocados and mangos, operating in over 25 countries [5] - The company has been in operation since 1983 and is vertically integrated with five packing facilities across the U.S., Mexico, Peru, and Guatemala [5] - Mission Produce has sourcing capabilities from over 20 premium growing regions, ensuring a year-round supply of fresh fruit [5]

Core Insights - Mission Produce, Inc. (AVO) and Dole plc (DOLE) represent two distinct business models in the fresh produce sector, with AVO focusing on avocados and DOLE on a broader range of fruits and vegetables [1][2] Group 1: Mission Produce (AVO) - AVO reported a record quarterly revenue of $357.7 million for Q3 fiscal 2025, marking a 10% year-over-year increase, driven by a 10% rise in avocado volumes [2][4] - The company's vertically integrated model allows it to manage the entire value chain, ensuring supply reliability and pricing agility, with its International Farming segment seeing a 79% year-over-year revenue increase [3][4] - AVO's net income for the fiscal third quarter was $14.7 million, with strong cash generation of $34 million from operations, supported by investments in digital traceability and market expansion [4] Group 2: Dole plc (DOLE) - DOLE achieved a revenue of $2.4 billion in Q2 2025, reflecting a 14.3% year-over-year increase, alongside a 9.3% rise in adjusted EBITDA to $137 million [5][9] - The company has a significant presence in the global fruit and vegetable market, with a diversified portfolio that includes leading positions in bananas and pineapples [6][7] - Dole's strategic divestiture of its Fresh Vegetables division aims to enhance focus on high-performing segments, while its strong distribution partnerships support its market position [7][9] Group 3: Financial Performance and Valuation - AVO's forward price-to-earnings (P/E) multiple is 20.57X, slightly below its 5-year median of 20.77X, while DOLE's forward P/E is 9.26X, below its 5-year median of 9.92X [18][20] - In the past year, AVO's stock declined by 11.5%, outperforming DOLE's 21.8% decline, although both underperformed the S&P 500's 15.7% return [14][20] - AVO is viewed as a higher-growth business, while DOLE's valuation reflects its diversified nature and stability, appealing to value-focused investors [20][21] Group 4: Market Outlook - The Zacks Consensus Estimate suggests AVO's fiscal 2025 sales will grow by 12.1%, while DOLE's sales are expected to increase by 7% [10][12] - AVO's focus on premium growth in the avocado market contrasts with DOLE's broader, more stable approach, making AVO attractive for growth-oriented investors [21][22] - Overall, AVO is positioned as a leader in the avocado sector, while DOLE offers a diversified portfolio that ensures stability and income [22][24]

Company Overview - Mission Produce, Inc. is a global leader in sourcing, producing, and distributing fresh Hass avocados and mangos, serving retail, wholesale, and foodservice customers in over 25 countries [4] - The company has been in operation since 1983 and is vertically integrated, owning five state-of-the-art packing facilities across the U.S., Mexico, Peru, and Guatemala [4] - Mission Produce sources from over 20 premium growing regions, ensuring a year-round supply of premium fresh fruit [4] - The company's global distribution network includes strategically positioned forward distribution centers across key markets in North America, China, Europe, and the UK, offering value-added services [4] Financial Results Announcement - Mission Produce will release its financial results for the fiscal third quarter ended July 31, 2025, after the market closes on September 8, 2025 [1] - A conference call and webcast to discuss the financial results will be held at 5:00 PM Eastern Time on the same day [1] Conference Call Details - The conference call can be accessed live by dialing (877) 407-9039 for domestic callers and (201) 689-8470 for international callers [2] - A replay of the call will be available until September 22, 2025, with specific dialing instructions for both domestic and international callers [2] - The live audio webcast will be accessible on the Company's Investor Relations website, with an archived replay available shortly after the live event [3]

Core Insights - Mission Produce Inc. (AVO) and Limoneira Company (LMNR) represent contrasting approaches in the fresh produce market, with AVO focusing on avocados and LMNR on a diversified citrus portfolio [1][2][3] Investment Case for AVO - Mission Produce is a leading vertically integrated supplier of Hass avocados, with a strong global presence and year-round supply capabilities [3][5] - The company is expanding its portfolio to include mangoes and blueberries, which helps mitigate risks associated with avocado price volatility [4][6] - AVO's scale and infrastructure allow it to effectively manage supply chain disruptions, maintaining customer commitments even during trade tensions [5][6] - The structural drivers of rising avocado consumption and AVO's adaptability position it well for long-term growth in the fresh produce sector [6] Investment Case for LMNR - Limoneira is a major U.S. lemon producer with a growing focus on avocados, aiming to increase production through new plantings [7][9] - The partnership with Sunkist Growers is expected to yield $5 million in annual savings and enhance efficiency, positioning LMNR as a multi-citrus player [10] - Limoneira's real estate and water monetization initiatives provide additional income streams, although its earnings are still subject to crop cycles and commodity pressures [11] Performance Comparison - AVO shares have increased by 16.9% over the past three months, while LMNR shares have declined by 4.3%, indicating diverging market momentum [8][18] - AVO trades at a forward price-to-sales (P/S) multiple of 0.71X, below its 5-year median, while LMNR's P/S multiple is 2X [20][23] Conclusion - Mission Produce is viewed as the more compelling investment choice due to its strong market position, attractive valuation, and growth potential in avocados and adjacent categories [25][26] - Limoneira, while offering diversification, faces challenges that may slow its growth trajectory compared to AVO [24][26]

Core Insights - Mission Produce, Inc. announced the retirement of Juan Wiesner, President of Central and South America, effective November 1, 2025, after 14 years of leadership [1][2] - Simón González, a 13-year veteran of the company, will be promoted to Senior Vice President, International Farming, as part of the strategic succession plan [1][4] Company Growth and Operations - During Wiesner's tenure, he significantly contributed to the growth of Mission Produce in Central and South America, particularly in launching and scaling operations in Peru and expanding into Guatemala [2][3] - The company has developed a vertically integrated farming operation, with over 6,500 plantable hectares dedicated to avocados, mangos, and blueberries across Peru and Guatemala [3] Leadership Transition - Simón González brings over 20 years of agribusiness experience and has been instrumental in executing strategic initiatives in Peru and Guatemala [3][4] - The company is confident in González's ability to continue driving international success and operational excellence as it approaches a new chapter in its global growth strategy [4] Company Overview - Mission Produce is a global leader in sourcing, producing, and distributing fresh Hass avocados and mangos, serving customers in over 25 countries [4] - The company operates five state-of-the-art packing facilities across the U.S., Mexico, Peru, and Guatemala, ensuring a year-round supply of premium fresh fruit [4]

Financial Performance - Total revenue reached $380.3 million, a 28% increase year-over-year[2] - Adjusted EBITDA was $19.1 million, a 5% decrease year-over-year[2] Operational Highlights - Avocado volume sold was 166.4 million pounds, a 1% decrease year-over-year[2] - Average selling price for avocados increased by 26% year-over-year to $2.00 per pound[2] - The company's diversification strategy yielded positive results across all segments[3] - Mango business achieved record volumes and gained significant market share[3] - Blueberries posted 57% revenue growth[3] - International Farming adjusted EBITDA turned positive due to improved utilization and efficiencies[3] Strategic Positioning - The company is well-positioned for strong second-half cash generation due to increased Peruvian supply meeting continued strong demand[3]