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.
Revenue reached a record $357.7M, up 10% YoY.
Net income rose to $14.7M with EPS of $0.21.
Gross profit increased 22% to $45.1M driven by higher yields.
Avocado volume sold rose 10% to 183.5M pounds.
Mission expects strong volumes in Q4 from both Peruvian and Mexican harvests, though pricing pressures will weigh on revenue.
Visualization of income flow from segment revenue to net income
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