Mission Produce Inc. highlights global avocado growth and diversification strategy in new investor presentation

Reuters11-18
<a href="https://laohu8.com/S/AVO">Mission Produce</a> Inc. highlights global avocado growth and diversification strategy in new investor presentation

Mission Produce Inc. has released a new investor presentation highlighting its position as a global leader in the avocado business, with operations spanning sourcing, packing, and shipping. The company reported third quarter revenue growth of 10% to $357.7 million, driven by increased avocado sales volumes. Despite slightly lower prices, commercial strategies leveraged higher owned production, expected to increase 150% for the year, to meet customer demand. The diversified product portfolio, including mangos and blueberries, contributed to year-round offerings, with blueberry segment revenue rising 181%. The International Farming segment saw adjusted EBITDA more than double on higher avocado yields and expanded services. Mission Produce generated $34 million in operating cash flow in the third quarter and anticipates a strong finish to the fiscal year, supported by increased supply and an expected working capital unlock in the fourth quarter. You can access the full presentation through the link below.

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