Mission Produce, Inc. engages in sourcing, producing, and distributing avocados in the United States and internationally. The company operates through two segments, Marketing and Distribution, and International Farming. It serves retail, wholesale, and foodservice customers. The company was founded in 1983 and is headquartered in Oxnard, California.
IPO Year: 2020
Exchange: NASDAQ
Website: worldsfinestavocados.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/17/2024 | $15.00 | Buy | Lake Street |
| 4/7/2022 | $20.00 → $18.00 | Neutral → Buy | Citigroup |
| 12/23/2021 | $25.00 → $20.00 | Overweight | Stephens & Co. |
| 12/21/2021 | $22.00 → $20.00 | Neutral | Citigroup |
144 - Mission Produce, Inc. (0001802974) (Subject)
144 - Mission Produce, Inc. (0001802974) (Subject)
10-Q - Mission Produce, Inc. (0001802974) (Filer)
8-K - Mission Produce, Inc. (0001802974) (Filer)
8-K - Mission Produce, Inc. (0001802974) (Filer)
8-K - Mission Produce, Inc. (0001802974) (Filer)
10-Q - Mission Produce, Inc. (0001802974) (Filer)
8-K - Mission Produce, Inc. (0001802974) (Filer)
10-Q - Mission Produce, Inc. (0001802974) (Filer)
8-K - Mission Produce, Inc. (0001802974) (Filer)
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Lake Street initiated coverage of Mission Produce with a rating of Buy and set a new price target of $15.00
Citigroup upgraded Mission Produce from Neutral to Buy and set a new price target of $18.00 from $20.00 previously
Stephens & Co. reiterated coverage of Mission Produce with a rating of Overweight and set a new price target of $20.00 from $25.00 previously
Citigroup reiterated coverage of Mission Produce with a rating of Neutral and set a new price target of $20.00 from $22.00 previously
Citigroup downgraded Mission Produce from Buy to Neutral and set a new price target of $22.00 from $16.00 previously
JPMorgan Chase & Co. downgraded Mission Produce from Overweight to Neutral
JP Morgan downgraded Mission Produce from Overweight to Neutral and set a new price target of $22.00
Roth Capital reiterated coverage of Mission Produce with a rating of Buy and set a new price target of $24.00 from $19.00 previously
Year-to-date momentum continues with ongoing strength of the Marketing & Distribution segment Operating cash flow for the first nine months of fiscal 2024 increased by $62.7 million versus the prior year period OXNARD, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today reported its financial results for the fiscal third quarter ended July 31, 2024. Fiscal Third Quarter 2024 Financial Overview: Total revenue increased 24% to $324.0 million compared to the same period last yearNet income of
OXNARD, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today announced it will release its financial results for the fiscal third quarter ended July 31, 2024 after the market closes on Monday, September 9, 2024. The Company will host a conference call and webcast to discuss its financial results at 5:30 PM Eastern Time on the same day. Conference Call Details The conference call can be accessed live over the phone by dialing (877) 407-9039 or for international callers by dialing (201) 689-8470. A repla
OXNARD, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today reported its financial results for the fiscal second quarter ended April 30, 2024. Fiscal Second Quarter 2024 Financial Overview: Total revenue increased 35% to $297.6 million compared to the same period last year driven primarily by a 22% increase in average per-unit avocado selling prices and 8% increase in avocado volume soldNet income of $7.0 million, or $0.10 per diluted share, compared to a net loss of $(4.6) million, or $(0.07) per di
OXNARD, Calif., May 23, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today announced it will release its financial results for the fiscal second quarter ended April 30, 2024 after the market closes on Thursday, June 6, 2024. The Company will host a conference call and webcast to discuss its financial results at 5:30 PM Eastern Time on the same day. Conference Call Details The conference call can be accessed live over the phone by dialing (877) 407-9039 or for international callers by dialing (201) 689-8470. A rep
OXNARD, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today reported its financial results for the fiscal first quarter ended January 31, 2024. Fiscal First Quarter 2024 Financial Overview: Total revenue increased 21% to $258.7 million compared to the same period last year driven primarily by a 23% increase in average per-unit avocado selling prices on flat avocado volumesNet income/(loss) was breakeven, or $0.00 per diluted share, compared to $(8.8) million, or $(0.12) per diluted share, for the sa
OXNARD, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or "the Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados, today announced the appointment of John Pawlowski to President and Chief Operating Officer (COO), effective April 1, 2024. Steve Barnard will continue to serve as Mission Produce's Chief Executive Officer and a member of the Board of Directors. Pawlowski is a highly accomplished executive leader joining Mission with more than 25 years in the global food and foodservice industry, specializing in business development, system optimization and executive team management. Pawlowski has a proven
OXNARD, Calif., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today announced it will release its financial results for the fiscal first quarter ended January 31, 2024 after the market closes on Monday, March 11, 2024. The Company will host a conference call and webcast to discuss its financial results at 5:00 PM Eastern Time on the same day. Conference Call Details The conference call can be accessed live over the phone by dialing (877) 407-9039 or for international callers by dialing (201) 689-8470. A repla
OXNARD, Calif., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today announced Steve Barnard, Chief Executive Officer, and Bryan Giles, Chief Financial Officer, will be participating in the 2024 ICR Conference in Orlando, FL. The Company will host a fireside chat on Monday, January 8th at 1:00 pm ET. The live audio webcast will be available to all interested parties through a live audio webcast accessible on the Company's Investor Relations website at https://investors.missionproduce.com/ About Mission Produce
OXNARD, Calif., Dec. 21, 2023 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today reported its financial results for the fiscal fourth quarter ended October 31, 2023. Fiscal Fourth Quarter 2023 Financial Overview: Total revenue increased 8% to $257.9 million compared to the same period last year driven by a 8% increase in average per-unit avocado selling prices, partially offset by a 4% decrease in avocado volume soldNet income of $4.0 million, or $0.06 per diluted share, compared to net loss of $(42.0) million, or $(0.59
OXNARD, Calif., Dec. 07, 2023 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today announced it will release its financial results for the fiscal fourth quarter and full year ended October 31, 2023 after the market closes on Thursday, December 21, 2023. The Company will host a conference call and webcast to discuss its financial results at 5:30 PM Eastern Time on the same day. Conference Call Details The conference call can be accessed live over the phone by dialing (877) 407-9039 or for international callers by dialing (20
OXNARD, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or "the Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados, today announced the appointment of John Pawlowski to President and Chief Operating Officer (COO), effective April 1, 2024. Steve Barnard will continue to serve as Mission Produce's Chief Executive Officer and a member of the Board of Directors. Pawlowski is a highly accomplished executive leader joining Mission with more than 25 years in the global food and foodservice industry, specializing in business development, system optimization and executive team management. Pawlowski has a proven
OXNARD, Calif., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or "the Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today announced the appointment of Tony Bashir Sarsam to its board of directors, effective August 14, 2023. Sarsam is appointed as an independent Class I director, with a term expiring at the Company's 2024 Annual Meeting of Stockholders. In connection with this appointment, Mission Produce's board of directors has increased the size of the board from eight to nine directors. Sarsam is a highly strategic executive with over thirty years of experienc
Timothy Bulow brings a 30-year track record of operational success and international market growth Mission's Founder Steve Barnard to continue to serve as Chief Executive Officer OXNARD, Calif., May 03, 2022 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), the world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos, today announced it has named Timothy Bulow as President and Chief Operating Officer, effective no later than August 1, 2022. Mission's Founder Steve Barnard will continue to serve in his role as Chief Executive Officer and a member of the Board of Directors. Bulow joins Mission with mo
OXNARD, Calif., Dec. 15, 2021 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), the world leader in sourcing, producing, and distributing fresh Hass avocados, with additional offerings in mangos, today announces the appointment of Shaunte Mears-Watkins to its board of directors effective December 14, 2021. Ms. Mears-Watkins was appointed to the class of directors that will stand for election at the company's 2022 Annual Meeting of Stockholders. Shaunte Mears-Watkins is an accomplished global sales and marketing executive with over 20 years of experience. Ms. Mears-Watkins is known for her innovative strategic perspective and global P&L leadership in the
Year-to-date momentum continues with ongoing strength of the Marketing & Distribution segment Operating cash flow for the first nine months of fiscal 2024 increased by $62.7 million versus the prior year period OXNARD, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today reported its financial results for the fiscal third quarter ended July 31, 2024. Fiscal Third Quarter 2024 Financial Overview: Total revenue increased 24% to $324.0 million compared to the same period last yearNet income of
OXNARD, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today announced it will release its financial results for the fiscal third quarter ended July 31, 2024 after the market closes on Monday, September 9, 2024. The Company will host a conference call and webcast to discuss its financial results at 5:30 PM Eastern Time on the same day. Conference Call Details The conference call can be accessed live over the phone by dialing (877) 407-9039 or for international callers by dialing (201) 689-8470. A repla
OXNARD, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today reported its financial results for the fiscal second quarter ended April 30, 2024. Fiscal Second Quarter 2024 Financial Overview: Total revenue increased 35% to $297.6 million compared to the same period last year driven primarily by a 22% increase in average per-unit avocado selling prices and 8% increase in avocado volume soldNet income of $7.0 million, or $0.10 per diluted share, compared to a net loss of $(4.6) million, or $(0.07) per di
OXNARD, Calif., May 23, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today announced it will release its financial results for the fiscal second quarter ended April 30, 2024 after the market closes on Thursday, June 6, 2024. The Company will host a conference call and webcast to discuss its financial results at 5:30 PM Eastern Time on the same day. Conference Call Details The conference call can be accessed live over the phone by dialing (877) 407-9039 or for international callers by dialing (201) 689-8470. A rep
OXNARD, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today reported its financial results for the fiscal first quarter ended January 31, 2024. Fiscal First Quarter 2024 Financial Overview: Total revenue increased 21% to $258.7 million compared to the same period last year driven primarily by a 23% increase in average per-unit avocado selling prices on flat avocado volumesNet income/(loss) was breakeven, or $0.00 per diluted share, compared to $(8.8) million, or $(0.12) per diluted share, for the sa
OXNARD, Calif., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today announced it will release its financial results for the fiscal first quarter ended January 31, 2024 after the market closes on Monday, March 11, 2024. The Company will host a conference call and webcast to discuss its financial results at 5:00 PM Eastern Time on the same day. Conference Call Details The conference call can be accessed live over the phone by dialing (877) 407-9039 or for international callers by dialing (201) 689-8470. A repla
OXNARD, Calif., Dec. 21, 2023 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today reported its financial results for the fiscal fourth quarter ended October 31, 2023. Fiscal Fourth Quarter 2023 Financial Overview: Total revenue increased 8% to $257.9 million compared to the same period last year driven by a 8% increase in average per-unit avocado selling prices, partially offset by a 4% decrease in avocado volume soldNet income of $4.0 million, or $0.06 per diluted share, compared to net loss of $(42.0) million, or $(0.59
OXNARD, Calif., Dec. 07, 2023 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today announced it will release its financial results for the fiscal fourth quarter and full year ended October 31, 2023 after the market closes on Thursday, December 21, 2023. The Company will host a conference call and webcast to discuss its financial results at 5:30 PM Eastern Time on the same day. Conference Call Details The conference call can be accessed live over the phone by dialing (877) 407-9039 or for international callers by dialing (20
23% growth in avocado volume sold compared to same period last year Sequential improvement in Marketing & Distribution segment per-unit margins from fiscal second quarter 2023 Updates expectations for Peruvian exportable volume Board approves stock repurchase program up to $20 million OXNARD, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today reported its financial results for the fiscal third quarter ended July 31, 2023. Fiscal Third Quarter 2023 Financial Overview: Total revenue decreased 17%
OXNARD, Calif., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ:AVO) ("Mission" or the "Company"), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today announced it will release its financial results for the fiscal third quarter ended July 31, 2023 after the market closes on Monday, September 11, 2023. The Company will host a conference call and webcast to discuss its financial results at 5:00 PM Eastern Time on the same day. Conference Call Details The conference call can be accessed live over the phone by dialing (877) 407-9039 or for international callers by dialing (201) 689-8470. A repl
- Reuters
-Reuters Citing el Universal
OutlookFor the third quarter of fiscal year 2024, the Company is providing the following industry outlooks that will drive performance:Warmer temperatures correlated with El Niño have persisted through the development of our 2024 Peruvian avocado crop. The Company expects these warmer temperatures to negatively affect harvest yields for the second half of the fiscal year, reducing exportable volumes from owned farms to be more than 50% lower than recent seasons. The Company expects the decrease in volume will negatively impact absorption of fixed costs at its Peruvian farms. Though lower volumes are expected to generally support higher pricing, the Company does not expect higher pricing leve
Mission Produce (NASDAQ:AVO) reported quarterly earnings of $0.14 per share which beat the analyst consensus estimate of $(0.03) by 566.67 percent. The company reported quarterly sales of $297.600 million which beat the analyst consensus estimate of $214.850 million by 38.52 percent. This is a 34.60 percent increase over sales of $221.100 million the same period last year.
Lake Street analyst Ben Klieve initiates coverage on Mission Produce (NASDAQ:AVO) with a Buy rating and announces Price Target of $15.
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