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]

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. 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]

Core Viewpoint - Mission Produce, Inc. (AVO) has seen stock momentum due to strategic initiatives aimed at enhancing customer relationships and expanding globally, but its current forward P/E ratio of 28.98X raises concerns about valuation compared to the industry average of 15.28X [1][3][7] Valuation Metrics - The price-to-sales ratio for Mission Produce is 0.69X, which is higher than the industry average of 0.48X, indicating potential investor unease regarding its value proposition at current levels [2] - AVO's P/E ratio of 28.98X is significantly above peers like Archer Daniels Midland Company (12.39X), Corteva Inc. (22.36X), and Adecoagro (11.68X), suggesting a premium valuation [3][19] Stock Performance - Over the past three months, AVO's shares have increased by 17.2%, outperforming the Agricultural-Operations industry's growth of 14.4% and the S&P 500's rally of 14.3% [4][8] - The current share price of $12.19 is 20.1% below its 52-week high of $15.25 and 27.5% above its 52-week low of $9.56, indicating bullish sentiment as it trades above its 50 and 200-day moving averages [10][11] Strategic Initiatives - Mission Produce is effectively managing seasonal supply challenges through a global sourcing network and a vertically integrated structure, enhancing its reputation in the fresh produce market [14][20] - The company is expanding its mango business and improving operations in the U.K., which are yielding strategic benefits and driving customer engagement [15][16] Future Outlook - AVO is positioned to benefit from strong seasonal harvests and favorable consumer demand trends, with expectations of a 10-15% increase in avocado volumes due to a strong Peruvian harvest [16] - Despite muted EPS estimates for the near term, the company's focus on top-line growth and strategic expansion suggests long-term upside potential [21]

Core Viewpoint - Mission Produce, Inc. reported record fiscal second quarter revenue driven by the Marketing & Distribution segment, achieving a total revenue of $380.3 million, a 28% increase compared to the same period last year [4][6]. Financial Overview - Total revenue for the second quarter of fiscal 2025 increased by $82.7 million or 28% to $380.3 million compared to the same period last year [4]. - Net income for the second quarter was $3.1 million, or $0.04 per diluted share, down from $7.0 million, or $0.10 per diluted share, in the same period last year [6][7]. - Adjusted net income was $8.7 million, or $0.12 per diluted share, compared to $9.8 million, or $0.14 per diluted share, for the same period last year [8]. - Adjusted EBITDA for the second quarter was $19.1 million, a decrease of $1.1 million or 5% compared to $20.2 million in the prior year period [8]. Segment Performance - In the Marketing & Distribution segment, net sales increased by $75.4 million or 26% to $362.5 million, driven by higher avocado pricing [9]. - The International Farming segment saw total sales increase by $6.7 million or 479% to $8.1 million, with adjusted EBITDA rising to $1.5 million from a loss of $2.2 million in the same period last year [11]. - The Blueberries segment reported a 57% increase in net sales to $15.7 million, primarily due to higher volume driven by increased acreage and yields [12]. Operational Insights - The company executed $5.2 million in share repurchases during the quarter, reflecting a belief that the share price was undervalued [3]. - Cash and cash equivalents decreased to $36.7 million as of April 30, 2025, down from $58.0 million as of October 31, 2024 [14]. - Net cash used in operating activities was $13.0 million for the six months ended April 30, 2025, compared to cash provided by operating activities of $12.9 million for the same period last year [16]. Outlook - For the third quarter of fiscal year 2025, industry volumes are expected to be approximately 10-15% higher compared to the prior year, driven by a strong Peruvian harvest outlook [23]. - The company anticipates exportable avocado production from its owned farms in Peru to range between 100 million to 110 million pounds, significantly higher than the 43 million pounds in the 2024 harvest season [23]. - Total capital expenditures for fiscal 2025 are expected to remain in the range of $50 to $55 million [23].

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].