Mission Produce reports Q1 adjusted EPS 10c, consensus 7c

Reports Q1 revenue $278.6M, consensus $260.73M. Steve Barnard, CEO of Mission, stated, “We are off to a strong start in fiscal 2026, delivering 14% avocado volume growth and strong adjusted EBITDA results as industry pricing normalized from the elevated levels experienced over the past year. These results demonstrate our business model’s resilience and our team’s ability to execute consistently across market conditions. We’re deepening customer relationships and expanding category penetration while focusing on the two levers that drive long-term value: volume growth and per-unit margin management. This approach delivered gross margin expansion in the quarter, reflecting ongoing optimization in our Marketing & Distribution segment and operational discipline across our platform.”