Mission Produce (AVO)
NASDAQ:AVO
Earnings Data
Report Date
Jun 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.06Last Year’s EPS
0.12Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced clear near-term challenges—most notably a 17% revenue decline driven by ~30% lower pricing, decreased cash balances, and short-term softness in blueberry profitability and Q2 margin expectations—with multiple operational and strategic positives, including 14% avocado volume growth, expanded gross margin (+190 bps), a 5% increase in adjusted EBITDA, strong segment-level execution (Marketing & Distribution adj. EBITDA +33%, International Farming adj. EBITDA +28%), reduced interest expense, and a strategically accretive and synergistic pending acquisition (Calavo) with at least $25 million of expected annualized cost synergies. Management frames many negatives as temporary and addressable through execution, integration, and maturation of assets, while emphasizing a clear plan to delever and return capital as cash generation improves.Company Guidance
Strong Avocado Volume Growth
Avocado volumes increased 14% year-over-year, driving the company's volume-centric operating strategy and supporting improved per-unit margins despite lower pricing.
Improved Gross Margin and Stable Gross Profit
Gross profit remained consistent with the prior year at $31.6 million while gross margin expanded 190 basis points to 11.3%, driven by higher avocado volumes and better per-unit margins in the Marketing & Distribution segment.
Adjusted EBITDA Growth
Consolidated adjusted EBITDA increased 5% to $18.5 million (from $17.7 million), reflecting higher avocado volumes sold and year-over-year improvement in per-unit margins in Marketing & Distribution.
Marketing & Distribution Segment Profitability
Marketing & Distribution segment adjusted EBITDA increased 33% to $12.9 million despite a 21% decline in segment net sales to $234.8 million, indicating strong per-unit performance and operational execution.
International Farming Improvements
International Farming segment sales rose 15% to $10.6 million and segment adjusted EBITDA increased 28% to $2.3 million due to improved pack-house utilization and better operating leverage in a seasonally softer quarter.
Blueberry Revenue Growth and Long-Term Potential
Blueberry revenue increased 12% to $40.8 million on higher volumes (+3%) and higher average per-unit sales price (+9%), with management expecting yields to improve as newer acreage matures over the next 12–18 months.
Reduced Interest Expense and Higher Equity Income
Interest expense declined by approximately 23% (down $0.5 million) versus prior year, and equity method income increased to $1.5 million from $0.8 million, driven by strong performance from a joint venture (Henry Avocado Corporation).
Strategic Acquisition with Material Synergy Potential
Pending Calavo acquisition is progressing (preliminary proxy filed, regulatory processes underway) and management expects at least $25 million of annualized cost synergies within 18 months of close, plus meaningful upside potential; transaction expected to close in fiscal Q3 (subject to conditions).
Clear Capital Allocation Focus
Management reiterated commitment to deleveraging (targeting normalized leverage ~two years after close) and signaled that returning capital to shareholders will be prioritized as free cash flow ramps post-integration.
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 |
|---|---|---|---|
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% |
Jun 05, 2025 | $10.50 | $11.03 | +5.00% |
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 (AVO) report earnings?
Mission Produce (AVO) is schdueled to report earning on Jun 04, 2026, Before Open (Confirmed).
What is Mission Produce (AVO) earnings time?
Mission Produce (AVO) earnings time is at Jun 04, 2026, Before Open (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 2026 (Q2) is 0.06.