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Mission Produce Inc - AVO STOCK NEWS

Welcome to our dedicated news page for Mission Produce (Ticker: AVO), a resource for investors and traders seeking the latest updates and insights on Mission Produce.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mission Produce's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Mission Produce's position in the market.

News
Mission Produce™ Announces Fiscal 2024 First Quarter Financial Results
Rhea-AI Summary
Mission Produce, Inc. (AVO) achieves record first-quarter results with a 21% increase in total revenue to $258.7 million, driven by higher avocado prices. The company reported adjusted net income of $6.7 million and adjusted EBITDA of $19.2 million. CEO Steve Barnard highlighted improved margins and profitability, with a focus on cost-saving measures. The International Farming segment saw a 72% increase in adjusted EBITDA, while the Blueberries segment reported a 9% increase in sales. The company's outlook for the second quarter includes flat avocado volumes and higher pricing, along with a decline in blueberry sales pricing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.15%
Tags
earnings
-
News
Mission Produce™ Appoints New President & Chief Operating Officer
Rhea-AI Summary
Mission Produce, Inc. (NASDAQ: AVO) appoints John Pawlowski as President and COO, bringing over 25 years of experience in the food industry. Pawlowski's background includes leadership roles at J.M. Smucker and Lipari Foods, focusing on business development and operational strategy. His expertise aims to drive Mission Produce's growth and shareholder value through market expansion and operational optimization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.27%
Tags
management
-
News
Mission Produce™ to Release Fiscal First Quarter 2024 Financial Results on Monday, March 11, 2024
Rhea-AI Summary
Mission Produce, Inc. (AVO) will release its financial results for the fiscal first quarter ended January 31, 2024. The Company, a leader in fresh produce, will host a conference call to discuss the results on March 11, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.47%
Tags
earnings
News
Mission Produce™ to Participate in the 2024 ICR Conference
Rhea-AI Summary
Mission Produce, Inc. (NASDAQ: AVO) announces CEO and CFO participation in 2024 ICR Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.82%
Tags
conferences
-
News
Mission Produce(TM) Announces Fiscal 2023 Fourth Quarter Financial Results
Rhea-AI Summary
Mission Produce, Inc. (Nasdaq: AVO) reported its financial results for the fiscal fourth quarter ended October 31, 2023. Total revenue increased by 8% to $257.9 million, driven by a 8% increase in average per-unit avocado selling prices. Net income was $4.0 million compared to a net loss of $(42.0) million for the same period last year. Adjusted net income was $7.5 million compared to $9.2 million last year. Full year 2023 total revenue was $953.9 million, total avocado volume sold increased by 12% to 654.4 million pounds, and net loss was $(2.8) million compared to $(34.6) million last year. Adjusted net income was $13.3 million compared to $18.5 million last year. Adjusted EBITDA increased 2% to $48.4 million compared to $47.6 million last year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.58%
Tags
earnings
-
News
Mission Produce™ to Release Fiscal Fourth Quarter and Full Year 2023 Financial Results on Thursday, December 21, 2023
Rhea-AI Summary
Mission Produce, Inc. (Nasdaq: AVO) will release its financial results for the fiscal fourth quarter and full year ended October 31, 2023 after the market closes on Thursday, December 21, 2023. The Company will host a conference call and webcast to discuss its financial results at 5:30 PM Eastern Time on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
earnings
News
Mission Produce to Participate in the Stephens Annual Investment Conference
Rhea-AI Summary
Mission Produce, Inc. (NASDAQ: AVO) announced CEO and CFO participation in Stephens Annual Investment Conference. The company will host a fireside chat on November 15th at 11:00 am CT, accessible via live audio webcast on their Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.43%
Tags
conferences
-
News
Mission Produce™ Announces Fiscal 2023 Third Quarter Financial Results
Rhea-AI Summary
Mission Produce reports 23% growth in avocado volume sold compared to last year. Sequential improvement in Marketing & Distribution segment per-unit margins. Board approves $20 million stock repurchase program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.34%
Tags
earnings
-
News
Mission Produce™ to Release Fiscal Third Quarter 2023 Financial Results on Monday, September 11, 2023
Rhea-AI Summary
Mission Produce, Inc. will release its Q3 financial results on September 11, 2023. Conference call and webcast to discuss the results will be held at 5:00 PM Eastern Time on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
Tags
earnings
News
Mission Produce™ Appoints Tony Sarsam to Board of Directors
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.61%
Tags
management
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Mission Produce Inc

Nasdaq:AVO

AVO Rankings

#2582 Ranked by Market Cap
#4478 Ranked by Stock Gains
N/A Ranked by Dividends

AVO Stock Data

811.91M
43.36M
38.94%
29.89%
1.78%
Dog and Cat Food Manufacturing
Manufacturing
Link
US
Oxnard

About AVO

mission produce was founded in 1983 and has since grown to become a global entity in the avocado industry. mission produce is the largest packer, shipper, and exporter of fresh avocados in the world. we pride ourselves on our freshness with our hydro-cooling systems and our innovative ripe rooms. we have distribution centers all across the nation that ensure the highest quality and the freshest fruit to our customers. we take pride in our safety and quality by having the most up to date safety guidelines, and by implementing many new quality control regulations with our growers such as the gap certifications. as the leader in this industry, we are always finding innovative ways to improve.