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Jul 31, 2025
Mission Produce Q3 2025 Earnings Report
Mission Produce posted record Q3 2025 revenue and gross profit, boosted by strong avocado yields and global distribution.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
Mission expects strong volumes in Q4 from both Peruvian and Mexican harvests, though pricing pressures will weigh on revenue.
Positive Outlook
- Avocado volumes expected to rise ~15% YoY in Q4.
- Peru crop exports projected at 105–110M pounds.
- 48M pounds of Peruvian crop already sold by Q3 end.
- Blueberry harvest ramp-up expected in Q4.
- Capex expected to remain disciplined at $50–$55M.
Challenges Ahead
- Pricing expected to drop 20–25% YoY in Q4.
- Revenue from blueberries may be offset by lower pricing.
- Working capital usage increased due to inventory build.
- Cash decreased from $58M to $43.7M over last 9 months.
- Gross margin normalized vs. prior-year peak levels.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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