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, Inc. (AVO) will release its financial results for the fiscal fourth quarter and full year ending October 31, 2021, on December 22, 2021, post-market. A conference call will be held for discussion at 5:00 PM ET the same day. Investors can access the call by phone or through a live audio webcast available on their Investor Relations website. Mission Produce is a leading provider of fresh avocados, with operations in multiple countries and a strong global distribution network.
Mission Produce Inc. (AVO) has inaugurated a new $50 million mega distribution center in Laredo, Texas, marking a significant milestone on the anniversary of its IPO. Spanning 262,000 square feet, the facility will streamline avocado imports from Mexico and enhance logistical capabilities, including cold storage and transportation services. This move is projected to create 110 jobs and stimulate $120 million in local investments, bolstering Laredo's economic growth. The facility aims to optimize operations and increase Mission's distribution efficiency across North America.
Mission Produce reported a total revenue of $246.8 million for Q3 2021, marking a 4% increase from the prior year, driven by a 2% increase in avocado volume and selling prices. However, gross profit decreased by 7% to $40.9 million, leading to a gross margin drop to 16.6%.
Net income fell to $18.4 million or $0.26 per diluted share, down from $23.4 million or $0.37. Adjusted EBITDA also decreased 18% to $30.1 million. The company revised its full-year guidance, expecting net sales between $890 million and $910 million.
Mission Produce, Inc. (Nasdaq: AVO) announced that Steve Barnard, CEO, and Bryan Giles, CFO, will participate in Cowen’s 2nd Annual Health, Wellness & Beauty Summit on September 14, 2021, at 12:40 pm ET. The event will be a virtual fireside chat, accessible to all via a live audio webcast on the Company's Investor Relations website. Mission Produce is a leader in the avocado business, distributing fresh Hass avocados and mangos globally, with operations in key locations like California, Mexico, and Peru. The company ensures premium quality through extensive sourcing and distribution capabilities.
Mission Produce, Inc. (Nasdaq: AVO) will release its financial results for the fiscal third quarter ending July 31, 2021, after market close on September 13, 2021. Following the results announcement, the company will host a conference call at 5:00 PM ET for investors to discuss performance. The call can be accessed via phone or through a live audio webcast on the company's Investor Relations website. Mission Produce is the leader in sourcing and distributing fresh avocados globally, operating packing facilities and distribution centers across multiple countries.
Mission Produce (NASDAQ:AVO) has launched its second annual Summer Fridays marketing campaign, aiming to boost avocado consumption this summer. According to the company's consumer intelligence data, 58% of shoppers intend to buy more avocados this season. The campaign will involve partnerships with influencers and special promotions at Avocaderia, the first avocado bar in NYC, every Friday until August. With 81% of consumers planning summer gatherings, Mission aims to provide engaging avocado recipes and enhance consumer experiences.
Mission Produce (Nasdaq: AVO) reported a 6% revenue growth in Q2 2021, totaling $234.7 million due to a 22% increase in avocado volume sold, despite a 14% drop in average selling prices. Gross profit rose 26% to $27.1 million, boosting the gross profit margin to 11.5% of revenue. The net income reached $7.4 million, compared to a net loss of $14.8 million in the prior year. Adjusted net income was $8.7 million. Looking ahead, the firm expects full-year sales between $900 million and $920 million and adjusted EBITDA of $100 million to $105 million, driven by upcoming production from Peru.
Mission Produce, Inc. (Nasdaq: AVO) announced it will release its fiscal second-quarter financial results for the period ending April 30, 2021, on June 10, 2021, after market close. The company will host a conference call at 5:00 PM ET the same day to discuss the results. The call can be accessed via phone or live webcast on the company's Investor Relations website. Mission Produce is a leader in the avocado industry, with operations in over 25 countries and four advanced packing facilities, ensuring a year-round supply of quality fruit.
FAQ
What is the current stock price of Mission Produce (AVO)?
What is the market cap of Mission Produce (AVO)?
