Earnings ·
Mission Produce, Inc. reported fiscal third quarter results ending July 31, 2026, with total revenue of $450 million…
AVOMission Produce, Inc.
Mission Produce, Inc. reported fiscal third quarter results ending July 31, 2026, with total revenue of $450 million, a 26% increase driven by 38% avocado volume growth from the Calavo acquisition and higher Mexican supply. The company posted a net loss attributable to shareholders of $6.5 million, or $(0.08) per diluted share, due to $25.4 million in pre-tax acquisition-related costs; adjusted net income was $15.0 million, or $0.18 per diluted share. Management raised the estimated annualized synergy opportunity from the May 28, 2026 Calavo acquisition to more than $30 million and reaffirmed full-year fiscal 2026 Adjusted EBITDA guidance of $84 million to $88 million. Mission Produce is a global leader in sourcing, producing, and distributing fresh Hass avocados.