Avocado seller Mission Produce Q3 revenue beats estimates

Mission Produce

08/09/2025 21:13

Overview

Mission Produce fiscal Q3 revenue rises 10%, beating analyst expectations, per LSEG data

Adjusted EPS for fiscal Q3 beats consensus, per LSEG data

Adjusted EBITDA increased 3%, driven by higher avocado production

Outlook

Company expects Q4 avocado volumes to rise 15% year-over-year

Mission forecasts Q4 avocado pricing to drop 20-25% from last year

Company projects 105-110 mln pounds of Peruvian avocado exports in Q4

Mission anticipates increased blueberry volumes, offset by lower prices

Result Drivers

PERUVIAN PRODUCTION - Higher Peruvian avocado production due to favorable weather increased supply and sales

INTERNATIONAL FARMING - Significant growth in avocado production from owned orchards boosted revenue

MARKETING & DISTRIBUTION - Increased avocado volume sold, despite a decrease in average sales prices, drove revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$357.70 mln
$320.20 mln (2 Analysts)
Q3 Adjusted EPS
Beat
$0.26
$0.14 (2 Analysts)
Q3 EPS
$0.21
Q3 Adjusted Net Income
Beat
$18.20 mln
$11.10 mln (1 Analyst)
Q3 Net Income
$14.50 mln
Q3 Adjusted EBITDA
Beat
$32.60 mln
$25 mln (2 Analysts)
Q3 Gross Profit
$45.10 mln
Q3 Pretax Profit
$19.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the fishing & farming peer group is "buy"

Wall Street's median 12-month price target for Mission Produce Inc is $17.00, about 25.7% above its September 5 closing price of $12.63

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nGNXmZB8B

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)