Mission Produce, Inc. (AVO)
NASDAQ:AVO
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Earnings Data
Report Date
Sep 14, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.13Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: near-term financial results were weak (revenue down 24%, adjusted EBITDA and net income materially lower) driven by a temporary oversupply and size-curve mismatch that compressed margins. Offsetting those near-term negatives were meaningful commercial positives (15% volume growth, strong category expansion with 1.6 million new households), an early close of the Calavo acquisition with a clear $25M synergy target, stronger second-half guidance (Q3 EBITDA $28–32M; H2 EBITDA $84–88M), and operational levers (multi-region sourcing, Peruvian production ramp and prepared foods opportunity) expected to drive margin recovery and longer-term growth.Company Guidance
Volume Growth and Category Expansion
Avocado volume sold increased 15% year-over-year in Q2; U.S. avocado consumption rose by "strong double digits" versus last year and more than 1.6 million new households entered the category during the quarter, supporting longer-term demand tailwinds.
Peruvian Production Ramp
Company-owned Peruvian exportable production forecasted to be ~20% greater than last year, with expected exportable production in the 120–130 million pound range (versus 105 million last year), with sales weighted toward fiscal Q4.
Calavo Acquisition Closed Early and Synergy Target
Calavo transaction closed May 28 earlier than expected; company expects a minimum of $25 million of annualized cost synergies achievable within 18 months of close, with benefits anticipated to begin in Q4 and ramp into fiscal 2027.
Second-Half Adjusted EBITDA Guidance
Combined-company guidance includes Q3 consolidated adjusted EBITDA of $28–32 million and consolidated second-half adjusted EBITDA of $84–88 million, reflecting expected margin recovery, Peruvian contributions and Calavo integration.
Marketing & Distribution Profitability Resilience
Despite Q2 margin pressure, the Marketing & Distribution segment's gross profit increased approximately 5% on a first-half basis year-over-year, aided by the 15% avocado volume growth and strong commercial execution.
Blueberry Segment Progress
Blueberry segment adjusted EBITDA improved to $1.2 million in Q2 versus $0.8 million prior year; newer acreage is maturing and management expects yields and per-unit costs to improve as farms reach full productivity.
Capital Allocation and Liquidity Actions
Board extended the share repurchase program; cash and cash equivalents were $33.0 million as of 04/30/2026, and full-year CapEx guidance of approximately $45 million (including modest Calavo-related spend) was provided.
Strategic Positioning and Prepared Foods Opportunity
Management highlighted multi-region sourcing and vertical integration as durable competitive advantages and identified Calavo's prepared foods (guacamole/ready-to-eat) as a higher-margin adjacency with meaningful growth runway.
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 08, 2026 | $10.11 | $10.87 | +7.52% |
Mar 12, 2026 | $13.23 | $12.15 | -8.16% |
Dec 18, 2025 | $13.13 | $13.20 | +0.53% |
Sep 08, 2025 | $12.87 | $13.08 | +1.63% |
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 14, 2026, Before Open (Confirmed).
What is Mission Produce, Inc. (AVO) earnings time?
Mission Produce, Inc. (AVO) earnings time is at Sep 14, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is AVO EPS forecast?
AVO EPS forecast for the fiscal quarter 2026 (Q3) is 0.13.