Mission Produce, Inc. Earnings Recaps
Q1 2026
Mar 13, 2026
Mission Produce, Inc. started fiscal 2026 strong, achieving a 14% increase in avocado volumes and expanding gross margins despite challenging pricing dynamics. The company is well-positioned for growth, bolstered by the upcoming Calavo acquisition.
Key takeaways
- Q1 avocado volumes increased by 14%, indicating effective volume management despite fluctuating prices.
- Expanded gross margins and improved adjusted EBITDA highlight the company's operational strengths.
- The inclusion of avocados in the USDA's updated Dietary Guidelines supports continued consumption growth.
- The Calavo acquisition is seen as a strategic move to enhance Mission's core business and expand into prepared foods.
- Domestic GLP-1 penetration is driving increased avocado consumption, reinforcing the growth potential within the broader health and wellness trend.
Q4 2025
Dec 19, 2025
Mission Produce reported robust fiscal Q4 2025 results, achieving record revenue of $1.39 billion and marking a significant leadership transition as John Pawlowski prepares to take over as CEO.
Key takeaways
- Revenue increased 13% year-over-year driven by a 7% growth in avocado volume, totaling 691 million pounds sold.
- Record adjusted EBITDA for Q4, contributing to over $180 million in operating cash flow over the past two years.
- European operations grew revenue by over 60%, with a 40% increase in volumes, showcasing successful international expansion.
- The company's Peruvian orchards recovered, enabling a doubling of exportable avocado production, enhancing supply consistency and quality control.
- Strategic agility and global integration have positioned Mission Produce to capitalize on emerging market opportunities while managing supply and demand effectively.