Recent Updates — AVO

Mission Produce reaffirmed its fiscal 2026 second-half Adjusted EBITDA guidance of $84 million to $88 million, including fourth-quarter Adjusted EBITDA of $52 million to $55 million. The company also updated its Calavo Growers integration progress, raising the annualized synergy target from at least $25 million to more than $30 million, with a small contribution expected in Q4 and full run-rate targeted within 18 months. Management outlined five-year ambitions to double sales to $4 billion and triple Adjusted EBITDA to $450 million by 2035, targeting mid-single-digit organic sales growth and approximately 300 basis points of margin expansion over the next five years. The company maintains a $100 million share repurchase authorization and targets net leverage below 1.5 times Adjusted EBITDA. Mission Produce is a global leader in sourcing, producing, and distributing fresh Hass avocados.

Mission Produce is closing three facilities in Swedesboro, New Jersey; Garland, Texas; and Jacksonville, Florida to optimize its distribution network following the May 28, 2026 acquisition of Calavo Growers. The company expects to incur approximately $15.4 million in non-cash charges, comprising $8.6 million in accelerated depreciation and $5.4 million in asset retirement obligations, plus roughly $1.4 million in cash severance costs. Lease termination expenses remain undetermined. Mission Produce operates in the agricultural distribution industry, specializing in the supply of avocados and other produce.

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.

Mission Produce, Inc. announced its financial results for the quarter ended April 30, 2026. Additionally, the Board of Directors authorized a new stock repurchase program to buy back up to $100 million of common stock over the next 36 months, replacing a previous program with $11.2 million remaining.