Financial PerformanceMission Produce achieved record Q4 revenue and dramatically outperformed with EBITDA figures far surpassing expectations.
Growth And Pricing StrategyMission capitalized on the convergence of strong California volume and industry-wide pricing, taking domestic market share via a nimble and aggressive sourcing practice while delivering per-unit margins over its targeted range.
Market PositionWith much improved operations, significant deleveraging, and a market-leading position in an attractive end market, analyst reiterates Buy rating with an upward bias to the forward outlook given Mission’s ability to execute.