Record Second Quarter Revenue
Mission Produce delivered a record second quarter revenue of $380.3 million, marking a 28% increase compared to the prior year period.
Strong Avocado Pricing
Per unit avocado selling prices increased by 26%, driven by strong consumer demand.
International Expansion Success
The forward distribution center in the UK delivered strong results with expanded customer penetration, leading to increased facility utilization.
Mango Business Growth
Achieved record mango volumes and significant market share gains, positioning Mission Produce as a leading U.S. distributor.
Improved International Farming Segment
International Farming segment turned a period of seasonal headwind into a positive contributor, with significant EBITDA improvement.
Blueberry Segment Expansion
Blueberry segment sales increased 57%, supported by higher production volumes and increased acreage.
Peruvian Avocado Production Recovery
Expected 50% increase in Peruvian avocado production, recovering from last year's weather-related decrease.
Share Repurchase Program
Executed $5.2 million of share repurchases in Q2, with $14 million remaining on board authorization.