FISCAL 2025 Q2 SNAPSHOT | Total Revenue | Adjusted EBITDA | Avocado Volume Sold | Average Selling Price | | --- | --- | --- | --- | | $380.3M | $19.1M | 166.4M LBS | $2.00 /LB | | +28% YoY | -5% YoY | -1% YoY | +26% YoY | Non-GAAP Financial Measure Mission Produce: A Global Leader in Avocados About Mission Produce, Inc. Mission Produce (Nasdaq: AVO) is a global leader in the worldwide fresh produce business, delivering fresh Hass avocados and mangos to retail, wholesale and foodservice customers in over 25 ...

Achieved record fiscal second quarter revenue driven by the Marketing & Distribution segmentOXNARD, Calif., June 05, 2025 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ: AVO) (“Mission” or “the Company”) a world leader in sourcing, producing, and distributing fresh Hass avocados, today reported its financial results for the fiscal second quarter ended April 30, 2025. Fiscal Second Quarter 2025 Financial Overview: Total revenue increased 28% to $380.3 million compared to the same period last yearNet inco ...

Core Viewpoint - Mission Produce, Inc. will release its financial results for the fiscal second quarter ended April 30, 2025, on June 5, 2025, after market close, followed by a conference call to discuss the results [1]. Group 1: Financial Results Announcement - The financial results will be released after market closes on June 5, 2025 [1]. - A conference call and webcast will be held at 5:00 PM Eastern Time on the same day to discuss the financial results [1]. Group 2: 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 June 19, 2025, with specific dialing instructions for both domestic and international callers [2]. Group 3: Company Overview - Mission Produce is a global leader in the avocado business, also offering mangos and blueberries, and has been in operation since 1983 [4]. - The company services retail, wholesale, and foodservice customers in over 25 countries and operates four packing facilities in key growing locations [4]. - Mission Produce has a vertically integrated supply chain and a global distribution network, providing year-round supply of premium fruit [4].

Core Viewpoint - Mission Produce, Inc. has appointed Michael Bryan Sims as an independent Class I director to its board, effective May 5, 2025, increasing the board size from eight to nine directors [1]. Company Overview - Mission Produce is a global leader in sourcing, producing, and distributing fresh Hass avocados, with additional offerings in mangos and blueberries. The company has been operational since 1983 and serves customers in over 25 countries [7]. - The company operates four state-of-the-art packing facilities in key growing locations, including California, Mexico, Peru, and Guatemala, and has sourcing capabilities in several other countries, ensuring a year-round supply of premium fruit [7]. Appointment of Michael Bryan Sims - Michael Bryan Sims brings over four decades of experience in leading global organizations in the food, agriculture, and consumer industries, with a strong background in operational, strategic, and financial expertise [3]. - Sims has previously served as Executive Vice President and CFO of TruGreen, where he led financial restructurings and operational improvements. He also held senior roles at AdvancePierre Foods and Chiquita Brands International [4]. - In addition to his executive experience, Sims serves on the boards of The Hain Celestial Group and Winland Foods, providing strategic and financial oversight [5]. Expectations from the Appointment - The CEO of Mission Produce, Steve Barnard, expressed confidence that Sims' financial background and board-level experience will enhance the company's growth strategies and create sustainable value [6]. - Sims stated that he is honored to join the board and aligns with Mission's commitment to operational excellence and supply chain transparency, looking forward to supporting the company's growth [6].

Core Insights - Mission Produce, Inc. has inaugurated a new packinghouse in Guatemala, enhancing its global sourcing network for avocados and marking a significant development in the country's avocado production capabilities [1][2][3] Company Developments - The new facility is set to launch in August 2025 and is designed with advanced quality assurance and food safety technologies to ensure high standards for avocado distribution [2][3] - Mission Produce has been vertically integrated in Guatemala since 2020, with plans to expand its planted area from 728 hectares to up to 1,000 hectares by 2026 [3] Industry Context - Guatemala is emerging as a key player in the global avocado market, with the potential to meet increasing global demand due to its optimal growing conditions and two annual harvests [2][3] - In 2024, avocado exports from Guatemala generated over Q120,761,773 (USD$15.5 million) and supported more than 6,000 jobs, highlighting the economic impact of the avocado sector [2]