Mission Produce, Inc.
11.25-0.41 (-3.52%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · AVO · USD
Key Stats
Market Cap
794.46MP/E (TTM)
20.45Basic EPS (TTM)
0.55Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Mission Produce posted solid Q3 FY2025 results, with net sales climbing 10% year-over-year to $357.7M on higher avocado volumes from Peru and Mexico, though per-unit prices dipped 5%; gross profit rose 22% to $45.1M, lifting margins to 12.6% from 11.4% thanks to stronger yields in International Farming. Operating income edged up to $21.0M, while diluted EPS held steady at $0.21 amid lower interest costs; year-to-date, sales surged 22% to $1,072.2M, but EPS slipped to $0.30 from $0.27 due to one-time hits like $2.7M in Canadian facility closures and $1.1M in brief tariffs. Cash dipped to $43.7M with operating cash flow at $21.4M year-to-date, offset by $40.0M in capex for orchard expansions; total debt stood at $131.8M under a compliant $250M facility maturing 2027-2029. No material M&A or regulatory shifts noted. Yet supply chain disruptions from weather or trade policies remain a persistent drag.
8-K
Q3 revenue hits record $357.7M
Mission Produce reported fiscal Q3 2025 results on September 8, with revenue climbing 10% to $357.7 million on 183.5 million pounds of avocados sold, despite a 5% dip in average prices to $1.74 per pound. Gross profit surged 22% to $45.1 million, fueled by higher yields in owned Peruvian orchards, while adjusted EBITDA edged up 3% to $32.6 million. The vertically integrated model shines through volatility. Q4 outlook sees avocado volumes up 15% but prices down 20-25%.
8-K
Leadership transition announced
Mission Produce announced Juan Wiesner's retirement as President of Central and South America, effective November 1, 2025, after 14 years leading regional growth, including scaling Peruvian operations and expanding into Guatemala. Simón González, a 13-year veteran with deep agribusiness expertise, will succeed him as Senior Vice President, International Farming, overseeing production of avocados, blueberries, and mangos. Succession ensures continuity. Yet risks like international business challenges persist.
8-K
Board appoints Flanagan
Mission Produce appointed Laura Flanagan as an independent Class III director, effective June 30, 2025, expanding its board from nine to ten members. With over 25 years in food and beverage leadership, including CEO roles at Ripple Foods and Foster Farms, Flanagan brings expertise in growth, innovation, and supply chain efficiency. Her insights will support global expansion. No related party transactions disclosed.
8-K
Record revenue amid supply hurdles
Mission Produce reported record Q2 fiscal 2025 revenue of $380.3 million, up 28% year-over-year, fueled by 26% higher avocado prices amid Mexican supply constraints, though volumes held flat at 166.4 million pounds. Gross profit dipped to $28.4 million with a 7.5% margin, pressured by sourcing challenges, Canadian facility closures costing $1.5 million, and brief $1.1 million tariffs; adjusted EBITDA slipped 5% to $19.1 million. Diversification shone: mango volumes hit records, blueberries sales surged 57% to $15.7 million. Repurchased $5.2 million in shares. Q3 outlook sees 10-15% volume growth from Peru but 10-15% lower pricing. Supply tightness persists.
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