Welcome to our dedicated page for Mission Produce news (Ticker: AVO), a resource for investors and traders seeking the latest updates and insights on Mission Produce stock.
Mission Produce sources, produces, packs, and distributes fresh Hass avocados, with additional offerings in mangos and blueberries, for retail, wholesale, and foodservice customers. Company updates commonly center on fiscal results, avocado volume and pricing dynamics, Marketing & Distribution activity, International Farming performance from owned orchards, and value-added services such as ripening, bagging, custom packing, and logistical management across its global distribution network.
Recurring corporate developments include shareholder voting matters, capital-structure disclosures, material agreements, and governance actions such as the company's limited-duration stockholder rights plan. Updates also cover packing facilities, sourcing regions, forward distribution centers, and operating trends tied to year-round fresh fruit supply.
Mission Produce (NASDAQ:AVO) reported fiscal Q2 2026 results and strategic actions. Revenue was $290.9 million, down 24% year over year, with avocado volume up 15%. The company posted a $7.2 million net loss, adjusted net income of $0.8 million, and adjusted EBITDA of $7.1 million.
Mission completed the Calavo Growers acquisition on May 28, 2026 and announced a new $100 million share repurchase program over 36 months. For Q3, adjusted EBITDA is expected at $28–$32 million, and second-half 2026 adjusted EBITDA at $84–$88 million.
Mission Produce (NASDAQ: AVO) completed its acquisition of Calavo Growers, creating a larger North American avocado and fresh produce platform. The deal makes Calavo a wholly owned subsidiary and strengthens Mission’s vertically integrated network, adding tomatoes, papayas and value-added prepared foods, including guacamole.
Calavo stockholders receive $26.05 per share, including $14.85 in cash and 0.9790 Mission shares (based on a $11.44 Mission share price on May 27, 2026). Calavo shares are expected to be delisted from Nasdaq by June 8, 2026.
Mission Produce (NASDAQ: AVO) will release fiscal second quarter 2026 results for the period ended April 30, 2026, after the market closes on Monday, June 8, 2026.
The company will host a conference call and live webcast at 5:00 PM Eastern Time, with replay options available.
Mission Produce (NASDAQ: AVO) and Calavo Growers (NASDAQ: CVGW) reported that Mexico’s Federal Economic Competition Commission (COFECE) granted antitrust clearance for Mission Produce’s pending acquisition of Calavo.
This approval fulfills the Mexican antitrust closing condition, and, assuming remaining conditions are satisfied, the companies expect the merger to close on May 28, 2026.
Mission Produce (NASDAQ: AVO) reported fiscal Q1 2026 results with $278.6M revenue (down 17%), 14% avocado volume growth, and gross margin of 11.3% (up 190 bps). GAAP net loss was $(0.7M) including $7.0M transaction advisory costs. Adjusted net income was $7.3M and Adjusted EBITDA was $18.5M (+5%). Mission announced a pending acquisition of Calavo for ~$490M consideration, targeting at least $25M annual synergies and an expected close in fiscal Q3 2026.
Cash was $44.8M, Q2 industry outlook calls for 10–15% higher avocado volumes and 30–35% lower pricing year-over-year; FY2026 capex expected ~$40M.
Mission Produce (NASDAQ: AVO) will release fiscal first quarter 2026 results for the period ended January 31, 2026 after market close on Thursday, March 12, 2026.
The company will host a conference call and live webcast at 5:00 PM ET on March 12, 2026. Dial-in numbers, replay details (available through March 26, 2026) and a webcast link are provided for investors.
Mission Produce (Nasdaq: AVO) adopted a limited duration stockholder rights plan effective January 21, 2026, expiring January 21, 2027 (company may extend). The plan was adopted after an accumulation of common stock by strategic investor Globalharvest Holdings Venture Ltd. and is intended to promote fair treatment of stockholders and reduce the likelihood of control by open-market accumulations without a control premium.
One right will be distributed per common share held of record on February 4, 2026. Under certain circumstances rights permit purchase of 1/100th of a Series A Junior Participating Preferred share at an exercise price of $63.00; rights trigger if a person or group acquires 15% (includes synthetic ownership).
Mission Produce (NASDAQ: AVO) agreed to acquire Calavo Growers in a cash-and-stock transaction announced Jan 14, 2026, valuing Calavo at ~$430 million. Calavo shareholders will receive $27.00 per share composed of $14.85 cash plus 0.9790 Mission shares; the price is ~26% premium to Calavo’s 30-day VWAP. The deal is expected to close by end of August 2026, subject to approvals, and would leave Mission shareholders owning ~80.3% of the combined company. Expected annualized cost synergies: $25 million within 18 months.
The combination expands Mission’s Mexico packing footprint to four houses and enters Mission into prepared foods and broader produce categories.
Mission Produce (NASDAQ: AVO) reported fiscal 2025 results on Dec 18, 2025, with record full‑year revenue of $1.39 billion, up 13% year‑over‑year, and volume growth of 7%.
Key metrics: Q4 revenue $319.0M, Q4 adjusted EBITDA $41.4M (+12%), full‑year adjusted EBITDA $110.8M (+3%), owned exportable production sold +144% to 105M lbs, and consolidated net income attributable to Mission of $37.7M for FY25.
Cash and liquidity: cash $64.8M as of Oct 31, 2025; the company reported nearly $180M of operating cash flow over the past two years and expects FY26 capex to decline to ~$40M. Leadership: founder Steve Barnard will transition to Executive Chairman and John Pawlowski will become CEO at the April 2026 annual meeting.
Mission Produce (NASDAQ: AVO) announced a planned leadership succession and Board refreshment to take effect around its 2026 Annual Meeting. John Pawlowski will become CEO at the close of the Annual Meeting in April 2026; founder Steve Barnard will transition to Executive Chairman. The company cited two consecutive years of strong performance and the completion of a multi-year capital expenditure cycle as context for the change. Mission added three independent directors in 2025—Michael Sims (May 2025), Laura Flanagan (June 2025) and Douglas Stone (Nov 2025)—and named Linda Segre Lead Independent Director. Long-time Board Chair Stephen Beebe will retire and Bonnie Lind will not stand for reelection at the 2026 meeting.