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Mission Produce, Inc. (AVO)
:AVO
Earnings Data
Report Date
Sep 15, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.15Last Year’s EPS
0.23Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Jun 05, 2025
|% Change Since: 4.95%
|Next Earnings Date:Sep 15, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted robust revenue growth and strategic market expansions, particularly in the mango business and international farming. However, there were challenges, including lower gross profit margins, increased expenses, and specific costs related to tariffs and operational changes. Despite these challenges, the company's outlook remains positive, especially with anticipated improvements in the Peruvian harvest.Company Guidance
During the Mission Produce Fiscal Second Quarter 2025 Conference Call, the company reported record second quarter revenue of $380.3 million, up 28% compared to the previous year, largely driven by a 26% increase in avocado per unit selling prices. Gross profit for the quarter was $28.4 million, while adjusted EBITDA stood at $19.1 million. The marketing and distribution segment saw a 26% increase in net sales to $362.5 million, despite a decline in segment adjusted EBITDA to $16.8 million from $21.7 million the previous year. The international farming segment's net sales grew by $6.7 million to $8.1 million, with segment adjusted EBITDA increasing to $1.5 million. Meanwhile, the blueberry segment experienced a 57% rise in net sales to $15.7 million. The company also addressed tariff impacts, noting a $1.1 million cost incurred due to tariffs on USMCA-compliant goods. Looking forward, Mission Produce expects a strong Peruvian harvest, with exportable avocado production estimated between 100 million to 110 million pounds. The company remains focused on leveraging its global sourcing network and maintaining strong customer relationships to navigate market dynamics effectively.Record Second Quarter Revenue
Mission Produce delivered record second quarter revenue of $380.3 million, an increase of 28% compared to the prior year period.
Strong Performance in Marketing and Distribution
The Marketing and Distribution segment net sales increased by 26% to $362.5 million, driven by favorable avocado pricing dynamics.
Mango Business Expansion
Achieved record volumes and significant market share gains in the mango business, establishing Mission Produce as a leading U.S. distributor.
Improved International Farming Segment
International Farming segment showed a significant EBITDA improvement, benefiting from increased yield and pricing from owned mango orchards.
Blueberry Segment Growth
Net sales in the Blueberry segment increased by 57% to $15.7 million, driven by higher volumes of fruit from increased acreage and higher yields.
Positive Outlook for Peruvian Harvest
Exportable avocado production from Peru is expected to range between 100 to 110 million pounds, a significant increase from the previous year's 43 million pounds.
AVO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AVO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 05, 2025 | $10.50 | $11.02 | +4.95% |
Mar 10, 2025 | $11.81 | $10.25 | -13.21% |
Dec 19, 2024 | $12.32 | $14.45 | +17.29% |
Sep 09, 2024 | $10.69 | $12.99 | +21.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Mission Produce, Inc. (AVO) report earnings?
Mission Produce, Inc. (AVO) is schdueled to report earning on Sep 15, 2025, TBA Not Confirmed.
What is Mission Produce, Inc. (AVO) earnings time?
Mission Produce, Inc. (AVO) earnings time is at Sep 15, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AVO EPS forecast?
AVO EPS forecast for the fiscal quarter 2025 (Q3) is 0.15.