Mission Produce, Inc. ( (AVO) ) has released its Q2 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, mangos, and blueberries, with a strong presence in over 25 countries.
In its fiscal second quarter of 2025, Mission Produce reported a record revenue of $380.3 million, marking a 28% increase from the previous year, primarily driven by its Marketing & Distribution segment. Despite the revenue growth, the company’s net income decreased to $3.1 million from $7.0 million in the same period last year.
Key highlights from the earnings report include a significant increase in avocado pricing, which rose by 26%, although the volume sold remained flat due to supply constraints. The company also reported a decrease in adjusted EBITDA to $19.1 million, attributed to lower per-unit gross margins on avocados. Additionally, Mission Produce’s mango business achieved record volumes, enhancing its market position in the U.S., while its operations in the UK showed promising growth.
Looking ahead, Mission Produce anticipates strong cash flow generation in the second half of the year, leveraging increased Peruvian supply to meet market demand. The company remains committed to strategic share repurchases, reflecting confidence in its operational and financial performance.
Overall, Mission Produce is well-positioned to capitalize on its global sourcing network and strategic investments, with expectations of higher industry volumes and a robust Peruvian harvest in the upcoming quarters.