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Mission Produce (NASDAQ: AVO) updates investors on $100 million share repurchase use

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Mission Produce, Inc. reports activity under its previously authorized $100 million stock repurchase program. The Board approved this program on June 8, 2026. During the fiscal third quarter to date, the company has repurchased 641,342 shares of its common stock at an average purchase price of $11.27 per share.

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Insights

Mission Produce reports ongoing use of its $100M share repurchase program.

Mission Produce highlights progress under a $100 million stock repurchase authorization approved on June 8, 2026. During the fiscal third quarter to date, it bought back 641,342 shares at an average price of $11.27 per share.

Share repurchases reduce the public float and may modestly increase earnings per share when sustained, but the overall effect depends on future buyback levels and business performance. Investors can track subsequent quarters to see how much of the $100 million authorization is ultimately deployed.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Stock repurchase authorization $100 million Amount of stock repurchase program authorized by the Board on June 8, 2026
Shares repurchased to-date in fiscal Q3 641,342 shares Common stock repurchased during the fiscal third quarter to-date under the program
Average repurchase price $11.27 per share Average price paid for the 641,342 repurchased shares in the fiscal third quarter to-date
stock repurchase program financial
"the Board of Directors ... authorized a $100 million stock repurchase program"
A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.
fiscal third quarter financial
"During the fiscal third quarter to-date, the Company has repurchased"
average purchase price financial
"repurchased 641,342 shares at an average purchase price of $11.27"
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FAQ

What stock repurchase program did Mission Produce (AVO) authorize?

Mission Produce’s Board authorized a $100 million stock repurchase program on June 8, 2026. This authorization permits the company to buy back its common stock over time, subject to market conditions and corporate considerations.

How many Mission Produce (AVO) shares have been repurchased so far?

During the fiscal third quarter to date, Mission Produce has repurchased 641,342 shares of its common stock. These repurchases were executed under the company’s $100 million stock repurchase program authorized on June 8, 2026.

What was the average price paid for Mission Produce (AVO) share repurchases?

Mission Produce reports an average purchase price of $11.27 per share for the 641,342 shares repurchased so far in the fiscal third quarter, all conducted under its $100 million stock repurchase program.

When did Mission Produce (AVO) approve its current stock buyback program?

The Board of Directors of Mission Produce approved the current $100 million stock repurchase program on June 8, 2026. Subsequent repurchases, including 641,342 shares in the fiscal third quarter to date, are being made under this authorization.

What type of event is Mission Produce (AVO) reporting in this 8-K?

Mission Produce reports an “Other Events” update describing activity under its $100 million stock repurchase program. It discloses that 641,342 shares have been repurchased in the fiscal third quarter to date at an average price of $11.27.
0001802974FALSEJuly 9, 202600018029742026-07-092026-07-090001802974us-gaap:CommonStockMember2026-06-082026-06-080001802974us-gaap:SeriesAPreferredStockMember2026-06-082026-06-08

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________
FORM 8-K
_____________

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): July 9, 2026


MISSION PRODUCE, INC.
(Exact name of Registrant as specified in its charter)
_____________


 
Delaware001-3956195-3847744
(State or Other Jurisdiction of Incorporation or Organization)
(Commission file number)
(IRS Employer Identification No.)
2710 Camino Del Sol, Oxnard, CA
93030
(Address of Principal Executive Offices)
(Zip code)
Registrant’s telephone number, including area code: (805) 981-3650

(Former name or former address, if changed since last report.)

Securities registered pursuant to Section 12(b) of the Act:
 
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.001 per shareAVONASDAQ Global Select Market
Series A Junior Participating Preferred Stock, par value $0.001 per share

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.





Item 8.01    Other Events
As previously announced on June 8, 2026, the Board of Directors of Mission Produce, Inc. (the “Company) authorized a $100 million stock repurchase program. During the fiscal third quarter to-date, the Company has repurchased 641,342 shares at an average purchase price of $11.27.


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MISSION PRODUCE, INC.
/s/ John M. Pawlowski
John M. Pawlowski
President and Chief Executive Officer
Date: July 9, 2026

Filing Exhibits & Attachments

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