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Mission Produce, Inc. (AVO)
:AVO
Earnings Data
Report Date
Jun 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.06Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 10, 2025
|% Change Since: -15.66%
|Next Earnings Date:Jun 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong revenue growth and strategic expansions in various segments. However, challenges such as margin normalization, facility closures, and cash flow issues were noted. The balance between highlights and lowlights suggests cautious optimism.Company Guidance
During the Mission Produce Fiscal First Quarter 2025 Conference Call, the company provided guidance reflecting a strong start to the fiscal year with record first-quarter revenue of $334.2 million, a 29% increase from the previous year. This growth was driven by a 32% increase in the Marketing & Distribution segment, supported by a 5% rise in avocado volumes sold and a 25% increase in per unit avocado selling prices. Additionally, the Blueberry segment saw a 12% revenue increase to $36.4 million. The company also discussed the compression of per unit avocado margins due to supply challenges in Mexico, necessitating increased procurement through co-packers. Despite these challenges, the company emphasized its diversified sourcing strategy, including operations in Peru, Colombia, and Guatemala, and expansion into complementary categories like Blueberries and Mangoes. The International Farming segment reported improved financial performance, with adjusted EBITDA increasing to $1.8 million from a $0.5 million loss the previous year, highlighting the benefits of operational diversification. The company remains focused on strategic growth initiatives and operational efficiencies to deliver long-term shareholder value, while also addressing potential impacts from ongoing tariff negotiations.Record First Quarter Revenue
Mission Produce achieved record first-quarter revenue of $334.2 million, a 29% increase compared to the same period last year.
Marketing and Distribution Segment Growth
The segment saw a 32% growth versus the prior year, with a 5% increase in avocado volumes sold and a 25% increase in per unit avocado selling prices.
Blueberry Segment Performance
Revenue increased by 12% to $36.4 million, with new plantings expanding the total footprint to over 550 hectares.
International Farming Segment Improvement
Adjusted EBITDA improved by $2.3 million year-over-year to positive $1.8 million, demonstrating the positive influence of diversification strategy.
Reduction in Interest Expense
Interest expense reduced due to a combination of lower interest rates and lower borrowings.
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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
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AVO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Jun 06, 2024 | $11.44 | $11.15 | -2.53% |
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.
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FAQ
When does Mission Produce, Inc. (AVO) report earnings?
Mission Produce, Inc. (AVO) is schdueled to report earning on Jun 05, 2025, TBA Not Confirmed.
What is Mission Produce, Inc. (AVO) earnings time?
Mission Produce, Inc. (AVO) earnings time is at Jun 05, 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 (Q2) is 0.06.
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