Mission Produce, Inc. SEC Filings

Mission Produce, Inc. director Jay A. Pack reported open-market purchases of the company’s common stock. On June 15, 2026, he bought 110,719 shares directly and 77,831 shares indirectly through his spouse at a weighted average price of $11.34 per share. Following these purchases, he holds 539,965 shares directly and his spouse holds 90,000 shares indirectly. Additional indirect holdings are reported as 123,136 shares in each of two 2018 GRATs and 1,015,160 shares held by PFP Investments, Ltd., where voting and disposal power is shared with his spouse.

Mission Produce, Inc. director Bruce C. Taylor reported indirect open-market purchases of the company’s common stock through an affiliated entity. Taylor Fresh Foods, Inc. bought 300,000 shares on June 15, 2026 at an average price of $11.29 per share and 13,590 shares on June 16, 2026 at an average price of $11.40 per share. Following these purchases, Taylor Fresh Foods, Inc. holds 455,842 shares, Taylor Family Investments LLC holds 5,180,193 shares indirectly, and Mr. Taylor holds 755,505 shares directly. Footnotes state Mr. Taylor has sole voting and dispositive power for the entity-held shares but disclaims beneficial ownership except to the extent of his pecuniary interest.

Mission Produce director Bruce C. Taylor reported open-market share purchases in Mission Produce, Inc. On 2026-06-12, an entity associated with him, Taylor Fresh Foods, Inc., bought 155,842 shares of common stock at an average price of about $11.16 per share in multiple trades between $11.15 and $11.17. On the same date, he also bought 10,000 shares directly at $11.14 per share, bringing his direct holdings to 755,505 shares. A separate line shows 5,180,193 shares held indirectly through Taylor Family Investments LLC. The footnotes state that Mr. Taylor has sole voting and dispositive power over the indirect holdings but disclaims beneficial ownership except to the extent of his pecuniary interest.

Mission Produce director Jay A. Pack reported open-market purchases of company stock. On June 11, 2026, he bought 12,169 shares of common stock at a weighted-average price of $11.04 per share through his spouse and 25,281 shares at $11.03 per share in a direct account, totaling 37,450 shares. After these trades, he directly holds 429,246 shares and indirectly holds additional shares through his spouse, two 2018 GRAT trusts and PFP Investments, Ltd.

Mission Produce reported a weak fiscal Q2 2026 and executed major strategic moves. Net sales fell to $290.9 million from $380.3 million, as avocado prices dropped 36% while volume rose 15%. Gross profit declined to $20.5 million, and the company swung to a net loss attributable to Mission of $7.2 million, or $(0.10) per share, versus earnings of $3.1 million a year earlier.

Adjusted EBITDA dropped to $7.1 million from $19.1 million, pressured by lower per‑unit avocado margins, weaker blueberry results and $6.4 million of Calavo transaction advisory costs. Operating cash flow for the first six months was negative $21.0 million, reflecting seasonal working capital needs and inventory build.

After quarter‑end, Mission closed the acquisition of Calavo for approximately $465 million, funded with 17,530,823 Mission shares and about $266 million in cash, supported by new term loans under a $550 million senior credit facility. The board also authorized a new $100 million share repurchase program over 36 months, replacing a prior plan.

Mission Produce reported a weak fiscal Q2 2026 but outlined a much larger, reshaped business. Revenue fell 24% to $290.9 million as average avocado prices dropped 36%, partly offset by 15% volume growth to 191.5 million pounds. Gross profit declined to $20.5 million and the company swung to a net loss attributable to Mission of $7.2 million, or $(0.10) per diluted share, versus income of $3.1 million last year. Adjusted EBITDA dropped to $7.1 million from $19.1 million, reflecting margin compression from low prices and a temporary supply-demand mismatch for core fruit sizes.

Strategically, Mission closed the acquisition of Calavo Growers and expanded capital return plans. On May 28, 2026 it acquired Calavo for approximately $266 million in cash plus 17,530,823 Mission shares, resulting in a combined 88.3 million shares outstanding and $350 million of term-loan debt. The board also authorized a new stock repurchase program of up to $100 million over 36 months, replacing a prior plan with $11.2 million remaining.

Management issued detailed outlook and synergy expectations. For Q3 2026, avocado industry volumes are expected to rise 5–10%, with Mission’s owned Peruvian production of 120–130 million pounds and pricing about 15% below the prior-year $1.75 per-pound average. The company guides consolidated adjusted EBITDA to $28–$32 million for Q3 and $84–$88 million for the second half of fiscal 2026, including partial and then full-quarter contributions from Calavo and early cost synergies. Full-year capital expenditures are now expected to be about $45 million.

Mission Produce, Inc. reported a restructuring transaction by major shareholder Globalharvest Holdings Venture Ltd on a Form 4. Globalharvest received 549,360 shares of Mission Produce common stock in exchange for 561,145 shares of Calavo Growers, Inc. common stock as part of merger-related consideration.

Under the merger agreement, each Calavo share was exchanged for 0.9790 Mission Produce share plus $14.85 in cash, with cash paid instead of any fractional Mission shares. Following this non-market transaction, Globalharvest directly holds 10,540,937 Mission Produce common shares.

Globalharvest Holdings Venture Ltd reports beneficial ownership of 10,540,937 Mission Produce common shares, representing 11.93% of the class. The filing details how this stake was built through multiple stock purchases funded with working capital and shares received in the Mission Produce–Calavo Growers transaction.

Based on company disclosures, Mission Produce had 88,377,546 shares outstanding as of May 29, 2026, including stock issued as consideration in the Calavo deal. The amendment also notes that certain related "Covered Persons" disclaim beneficial ownership of these shares.

Mission Produce director Kathleen M. Holmgren reported equity awards linked to the Calavo merger and board compensation. On May 28, 2026, she acquired 26,384 shares of Mission Produce common stock, received under the Agreement and Plan of Merger with Calavo Growers. She also received a grant of 7,440 restricted stock units under the Non-Employee Director Compensation Program, with each RSU representing one share of common stock. These RSUs vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting, subject to her continued service. Following these transactions, Holmgren directly holds 33,824 shares of common stock and 7,440 RSUs.