Mission Produce(NASDAQ) AVO

Mission Produce, Inc. helps stores and restaurants get fresh fruit. The company grows, packs, and ships avocados to global customers. It also makes snacks like guacamole and salsa for grocery shoppers.

Avocados and Prepared Foods

• Marketing & Distribution: Sourcing and shipping fresh fruit through a global network; net sales were $414.3 million for the three months ended July 31, 2026.
• Prepared Foods: Ready-to-eat products like guacamole and salsas for retailers and foodservice; net sales were $15.5 million for the three months ended July 31, 2026.
• International Farming: Cultivating crops in company-owned orchards in Peru and Guatemala; net sales were $14.8 million for the three months ended July 31, 2026.
• Blueberries: Growing berries in Peru sold through an exclusive distributor; net sales were $5.4 million for the three months ended July 31, 2026.

Strategic Moves and Farm Growth

• Completed the acquisition of Calavo on May 28, 2026, to enter the prepared food sector.
• Developed avocado orchards in Guatemala to support future supply reliability.
• Expanded blueberry land and plant cultivation in Peru during the nine months ended July 31, 2026.
• Increased packing capacity in Mexico to handle higher yields and acquisition volume.

What Sets Operations Apart

The company manages the entire avocado value chain from cultivation and processing to ripening and distribution. This vertical integration allows for customized packaging and logistical management for global retail and foodservice customers.

The Financial Scorecard

• Net sales rose 26% year over year to $450.0 million in the three months ended July 31, 2026.
• Avocado volume sold in the Marketing & Distribution segment increased 38% for the three months ended July 31, 2026.
• Interest expense rose 113% year over year to $5.1 million in the three months ended July 31, 2026.
• Market cap reached $1.0 billion in Q3 2026, up 20.9% year over year.
• The company submitted $12.5 million in tariff refund claims during the third fiscal quarter of 2026.

Final Word

Mission Produce has transitioned from a fruit grower into a global distributor with a presence in prepared foods. The acquisition of Calavo and farming expansions in Central and South America support this broader market reach.