Avocado supplier Mission Produce's Q4 revenue falls

Reuters12-19
Avocado supplier <a href="https://laohu8.com/S/AVO">Mission Produce</a>'s Q4 revenue falls

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.)

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