Mission Produce ( (AVO) ) has provided an update.
Mission Produce reported a 29% increase in total revenue for the fiscal first quarter of 2025, reaching $334.2 million, primarily driven by higher avocado prices and volumes in the Marketing & Distribution segment. Despite challenges in the Mexican supply chain, the company achieved net income growth and increased blueberry segment revenue, although adjusted EBITDA decreased due to lower per-unit margins. The company remains focused on leveraging its strengths in California and Peruvian markets to navigate industry supply challenges and continue creating shareholder value.
More about Mission Produce
Mission Produce, Inc. is a global leader in the sourcing, production, and distribution of fresh Hass avocados. The company focuses on the Marketing & Distribution segment, which includes avocados and blueberries, and operates in international markets with significant sourcing from California and Peru.
YTD Price Performance: -15.66%
Average Trading Volume: 367,385
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $850M
Learn more about AVO stock on TipRanks’ Stock Analysis page.