Avocado supplier Mission Produce's Q4 revenue falls

Mission Produce

18/12/2025 21:17

Overview

Avocado distributor's fiscal Q4 revenue fell 10% yr/yr

Adjusted net income for fiscal Q4 rose 13% yr/yr

Company announced leadership succession plan with new CEO in April 2026

Outlook

Company expects Q1 2026 avocado volumes to rise 10% due to larger Mexican crop

Pricing for avocados expected to drop 25% in Q1 2026 due to higher supply

Company expects FY 2026 capital expenditures of approximately $40 mln

Result Drivers

MARKETING & DISTRIBUTION - Revenue growth driven by strong execution in Marketing & Distribution and increased avocado volume sold despite lower per-unit prices

PERUVIAN ORCHARDS - Higher yields from owned Peruvian orchards contributed significantly to revenue growth

INTERNATIONAL FARMING - Sales in the International Farming segment increased 97% due to higher yield from owned avocado orchards and more avocado packing and cooling services

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$319 mln
$296.25 mln (2 Analysts)
Q4 Adjusted EPS
Beat
$0.31
$0.24 (2 Analysts)
Q4 EPS
$0.22
Q4 Adjusted Net Income
Beat
$22.20 mln
$16.40 mln (2 Analysts)
Q4 Net Income
$16.80 mln
Q4 Adjusted EBITDA
Beat
$41.40 mln
$34.90 mln (2 Analysts)
Q4 Gross Profit
$55.70 mln
Q4 Pretax Profit
$28 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 29.4% above its December 17 closing price of $13.14

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nGNXbxLtcf

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(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.)