Market Updates

Mission Produce decreased 5.7% to $13.61 after the avocado producer reported its financial results for the fiscal third quarter ending in July. 

Net sales increased 26% to $450.0 million from $357.7 million, net income swung to a loss of $6.5 million from a profit of $14.7 million, and diluted earnings per share were a loss of 8 cents compared to an income of 21 cents a year ago. 

The rise in sales in the quarter was primarily driven by an increase in avocado sales volume by 38%, partially offset by a decrease in unit price by 9%. 

Net loss attributable to Mission Produce of $6.5 million, or $(0.08) per diluted share, included Calavo acquisition-related costs of $25.4 million on a pre-tax basis, compared to income of $14.7 million, or $0.21 per diluted share, for the same period a year ago.  

The company completed the acquisition of Calavo Growers, Inc. on May 28 and paid $267 million in cash and issued 17.53 million of its common shares.  

In the fourth quarter, the company estimated avocado sales from its farms in Peru to range between 120 million and 130 million pounds as compared to 105 million pounds a year ago.  

Price per unit in the fourth quarter is likely to be lower by 10% from a year ago, driven by higher supply from U.S. and international markets.

The company reaffirmed its fiscal second-half 2026 adjusted operating earnings estimate to be between $84 million and $88 million and estimated adjusted operating earnings in the fourth quarter to range between $52 million and $55 million.    


09 Sep, 2026

     

Annual Returns

Company Ticker 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Earnings

Company Ticker 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008