Mission Produce, Inc. ( (AVO) ) has released its Q3 earnings. Here is a breakdown of the information Mission Produce, Inc. presented to its investors.
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Mission Produce, Inc. is a global leader in the fresh produce industry, specializing in the sourcing, production, and distribution of fresh Hass avocados, with additional operations in mangos and blueberries across 25 countries.
In its fiscal third quarter of 2025, Mission Produce reported a record increase in revenue and gross profit, showcasing a robust financial performance driven by strategic global distribution and effective management of its avocado production.
The company achieved a 10% increase in total revenue, reaching $357.7 million, and a 22% rise in gross profit to $45.1 million. Net income also grew to $14.7 million, with adjusted net income at $18.2 million. The Marketing & Distribution segment saw a 7% rise in net sales, while the International Farming segment experienced a significant 79% increase in sales, driven by higher avocado yields. The Blueberries segment also reported a substantial increase in net sales and adjusted EBITDA.
Looking ahead, Mission Produce anticipates a 15% rise in avocado industry volumes in the fourth quarter, driven by favorable weather conditions and increased production from Peru and Mexico. However, pricing is expected to be lower due to higher market volumes. The company remains focused on maintaining its strong operational performance and capitalizing on market opportunities.