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, Inc. (AVO) operates at the forefront of the global avocado supply chain, combining agricultural expertise with cutting-edge distribution technology. This news hub provides investors and industry stakeholders with essential updates on corporate developments, operational milestones, and market leadership in fresh produce logistics.
Access timely announcements including quarterly earnings reports, partnership agreements, and innovations in post-harvest management. Our curated collection features press releases detailing supply chain expansions, sustainability initiatives, and quality control advancements that maintain AVO's position as an industry leader.
Key updates cover strategic developments across Mission Produce's core operations: global avocado distribution, international farming partnerships, and technological investments in ripening systems. Regular filings include regulatory disclosures and material event notifications critical for informed analysis.
Bookmark this page for direct access to primary source materials from Mission Produce. Monitor operational updates ranging from produce safety certifications to distribution network expansions across North American, European, and Asian markets.
Mission Produce (Nasdaq: AVO) reported fiscal second quarter 2024 results with a 35% revenue increase to $297.6 million, driven by a 22% rise in per-unit avocado prices and 8% increase in avocado volume sold. Net income was $7.0 million, or $0.10 per diluted share, compared to a net loss of $(4.6) million last year. Adjusted net income was $9.8 million, or $0.14 per diluted share. Adjusted EBITDA rose to $20.2 million from $7.6 million. Cash flow from operations improved to $12.9 million. Revenue growth in the Marketing & Distribution segment was significant, with a 33% rise to $287.1 million. However, the Peruvian avocado crop faced challenges due to El Niño, impacting production volumes negatively.
Mission Produce (Nasdaq: AVO) will release its fiscal second quarter 2024 financial results on June 6, 2024, after market close. The results will cover the period ending April 30, 2024. A conference call and webcast to discuss the financial performance will take place at 5:30 PM ET the same day. The call can be accessed by dialing provided phone numbers, with a replay available until June 20, 2024. The live audio webcast and an archived replay will be available on the company's Investor Relations website.
FAQ
What is the current stock price of Mission Produce (AVO)?
What is the market cap of Mission Produce (AVO)?
