Mission Produce, Inc. (AVO) Earnings Call Transcripts

Mission Produce, Inc.'s Latest Earnings Call - Q2 FY2026

In the fiscal second quarter of 2026, Mission Produce, Inc. reported revenue of $290.9 million, a 24% decline year-over-year, primarily due to a 36% drop in per-unit avocado sales prices driven by high supply from Mexico. Adjusted net income fell to $0.8 million, or $0.01 per diluted share, down from $8.7 million, or $0.12 per diluted share in the prior year. Management expects a recovery in per-unit margins and a strong performance in the second half of the year, driven by improved supply dynamics and the recent acquisition of Calavo, which is anticipated to generate $28 to $32 million in adjusted EBITDA for Q3 and $84 to $88 million for the second half of the fiscal year.

Reported metrics

Guidance from management

Management expects Q3 adjusted EBITDA to be in the range of $28 to $32 million and second half adjusted EBITDA to be between $84 to $88 million, reflecting improved margin dynamics and contributions from the Calavo acquisition.

What analysts pressed on

Analysts expressed concerns regarding the impact of a potential super El Niño on avocado production and pricing, particularly for the 2027 crop cycle. They also inquired about the significant step-up in Q4 adjusted EBITDA guidance compared to Q3.

Main topics on the call

• Calavo Acquisition — The acquisition of Calavo, which closed on May 28, 2026, is expected to enhance operational efficiency and expand market reach. Management stated, "We see meaningful runway to build this capability over time, and we beli...
• Margin Recovery — Management indicated that per-unit margins are recovering after a challenging Q2, stating, "The margin dynamics from Q2 are now behind us, and we expect per-unit margins to meaningfully improve through the back half of t...
• High Supply Impact — The quarter was characterized by an unusually high supply of avocados, leading to a 36% decrease in per-unit sales prices. Management noted, "In April, we saw an unfavorable step change in our per-unit margins driven by ...
• Volume Growth — Despite the pricing challenges, Mission reported a 15% increase in avocado volume sold, which management believes will support future demand growth. They highlighted, "U.S. avocado consumption reached new highs during th...

Read the full Mission Produce, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 23 Mission Produce, Inc. earnings call transcripts on record, spanning January 19, 2021 to June 8, 2026. Based on this history, Mission Produce, Inc. reports quarterly. The most recent call on file is dated June 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

AVO

Exchange

NasdaqGS

Country

US

Sector

Consumer Staples

Industry

Food Products

Calls on record

23

First call

January 19, 2021

Most recent

June 8, 2026

Reporting cadence

quarterly