Mission Produce Earnings Reports

Mission Produce reported a total revenue of $319.0 million for the fiscal fourth quarter of 2025, a 10% decrease compared to the same period last year. Despite the revenue decline, the company saw a 13% increase in adjusted net income to $22.2 million and a 12% increase in adjusted EBITDA to $41.4 million. The decrease in revenue was primarily driven by lower per-unit avocado sales prices, partially offset by a 13% increase in avocado volume sold.

Mission Produce delivered a strong quarter with $357.7M in revenue and increased profitability. Growth was led by strong Peruvian harvests and effective global distribution strategies.

Mission Produce achieved record revenue in Q2 2025 despite supply challenges, with strong contributions from its avocado and mango businesses.

Mission Produce's Q1 FY25 revenue increased 29% year-over-year to $334.2 million, driven by higher avocado pricing and volume growth. The company reported a net income of $3.9 million and a diluted EPS of $0.05. Despite lower per-unit gross margins on fruit sold, strong demand and strategic investments in the Blueberries segment contributed to overall profitability.

Mission Produce reported a strong fourth quarter and full year fiscal 2024, with total revenue increasing by 37% to $354.4 million for the quarter. The Marketing & Distribution segment drove the performance, leveraging the global sourcing network amid higher pricing. Operating cash flow for the full year increased by $64.2 million compared to the previous fiscal year.

Mission Produce reported a strong second quarter with a 35% increase in total revenue to $297.6 million, driven by higher avocado prices and volumes in the Marketing & Distribution segment, as well as increased blueberry revenue. Net income was $7.0 million, a significant improvement from the previous year's net loss of $(4.6) million. Adjusted EBITDA also saw a substantial increase, reaching $20.2 million compared to $7.6 million in the same period last year.

Mission Produce reported a strong start to fiscal year 2024, with a 21% increase in total revenue to $258.7 million. Net income was breakeven, or $0.00 per diluted share, compared to a loss of $(8.8) million, or $(0.12) per diluted share, for the same period last year. Adjusted EBITDA significantly improved to $19.2 million, driven by higher per-unit margins in the Marketing & Distribution and Blueberries segments.

Mission Produce reported an 8% increase in revenue to $257.9 million, driven by higher average avocado selling prices, and a net income of $4.0 million, compared to a net loss of $(42.0) million for the same period last year.

Mission Produce reported a decrease in revenue by 17% to $261.4 million, driven by lower average selling prices of avocados, though partially offset by a 23% increase in avocado volume sold. Net income was $6.6 million, or $0.09 per diluted share, compared to $18.4 million, or $0.26 per diluted share, for the same period last year. Adjusted EBITDA decreased by 33% to $21.2 million, reflecting lower per unit margins within the International Farming segment.

Mission Produce reported a decrease in total revenue by 20% to $221.1 million compared to the same period last year, driven by deflationary pressure on avocado sales prices. The company experienced a net loss of $(4.6) million, or $(0.07) per diluted share, compared to a net income of $2.4 million last year. However, sales volumes increased by 19% year over year, and the company saw sequential improvement in both volumes and per-unit margins relative to the first fiscal quarter.

Mission Produce reported a 1% decrease in total revenue, driven by lower sales in the Marketing and Distribution segment, which was largely offset by the consolidation of revenue from the Blueberries segment. Despite the revenue decrease, the company saw a 14% increase in avocado volume sold and an increase in gross profit, which was affected by challenges with the implementation of the new ERP system in the Marketing and Distribution segment in the prior year.

Mission Produce's fiscal fourth quarter saw flat total revenue compared to the prior year, with a decrease in average avocado selling price offset by an increase in avocado volume sold. The company experienced a net loss, including a non-cash charge related to goodwill impairment, but adjusted net income remained positive. The financial performance was impacted by declining pricing, cost inflation, and suboptimal fruit size, leading to temporary margin compression.

Mission Produce reported a 27% increase in total revenue to $313.2 million, driven by a 42% increase in average selling prices, despite an 11% decrease in avocado volume sold. Net income remained flat at $18.4 million, while adjusted EBITDA increased to $31.6 million.

Mission Produce's fiscal second quarter saw an 18% increase in revenue to $278.1 million, driven by a 44% increase in average selling prices. However, net income decreased to $2.4 million, or $0.03 per diluted share, due to a 19% decrease in avocado volume sold and higher SG&A costs.

Mission Produce reported a 25% increase in total revenue to $216.6 million compared to the same period last year, driven by higher average selling prices. However, the company faced challenges due to ERP system implementation issues, resulting in a net loss of $(13.4) million, or $(0.19) per diluted share, compared to a net income of $2.2 million, or $0.03 per diluted share, in the same period last year.

Mission Produce reported a 15% increase in revenue to $237.0 million, driven by higher average selling prices, though avocado volume sold decreased by 5%. Net income was $16.9 million, compared to $18.8 million for the same period last year. The business faced significant headwinds including Mexico’s challenging supply dynamic, port delays and logistics issues, and the variability in consumer shopping patterns due to the ever-changing COVID conditions negatively impacted their profitability.

Mission Produce reported a 4% increase in revenue to $246.8 million for the third quarter of fiscal 2021. Net income was $18.4 million, or $0.26 per diluted share. The company navigated industry volatility with its global sourcing and distribution network and owned production in Peru.

Mission Produce reported a strong fiscal second quarter with a 6% increase in total revenue to $234.7 million and a 26% increase in gross profit to $27.1 million. Net income was $7.4 million, or $0.10 per diluted share, compared to a net loss of $14.8 million, or $(0.23) per diluted share, for the same period last year. Adjusted EBITDA increased by 13% to $16.3 million.

Mission Produce reported a 12% decrease in revenue to $173.2 million due to lower average selling prices, but increased gross profit by 17% to $22.7 million and adjusted EBITDA to $12.5 million. Net income was $2.2 million, or $0.03 per diluted share, and adjusted net income was $7.9 million, or $0.11 per diluted share.