Mission Produce Q1 revenue beats estimates

Mission Produce

12/03/2026 21:07

Overview

Avocado distributor's fiscal Q1 revenue beat analyst expectations despite lower per-unit prices

Adjusted EPS and adjusted EBITDA for fiscal Q1 both beat analyst expectations

Company expects Calavo Growers acquisition to close in fiscal Q3

Outlook

Company expects avocado industry volumes in Q2 to rise 10-15% versus prior year period

Mission Produce expects Q2 avocado pricing to be 30-35% lower year-over-year

Company sees FY 2026 capital expenditure at about $40 mln

Result Drivers

AVOCADO VOLUME GROWTH - Co said 14% increase in avocado volume sold helped offset lower per-unit prices

GROSS MARGIN EXPANSION - Co attributed higher gross margin to improved per-unit margins and operational discipline in Marketing & Distribution segment

BLUEBERRIES SEGMENT PRESSURE - Lower per-acre yield led to higher per-unit fruit production costs and reduced profitability in Blueberries segment

Company press release: ID:nGNX7JxCYb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$278.6 mln
$260.77 mln (3 Analysts)
Q1 Adjusted EPS
Beat
$0.10
$0.07 (3 Analysts)
Q1 EPS
-$0.01
Q1 Adjusted Net Income
Beat
$7.3 mln
$5.20 mln (2 Analysts)

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 27.6% above its March 11 closing price of $13.32

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)