Mission Produce, Inc.
- Open
- 12.17
- Day high
- 12.53
- Day low
- 12.04
- Prev close
- 11.79
- Volume
- 575K
- Mkt cap
- $877M
- P/E (TTM)
- 38.7
- EPS (TTM)
- $0.32
- P/B
- 1.5
- P/S
- 0.7
- Yield
- —
- Per share
- —
- ▲Insiders net buying $12.7M over the last 3 months (12 open-market buys, 1 sale)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions accumulating (13F)
Mission Produce, Inc. (AVO) is a Consumer Defensive company listed on NASDAQ. The stock is down 2% over the past year. Over the trailing 3 months, insiders filed 12 open-market buys and 1 sale (SEC Form 4).
Mission Produce, Inc. (AVO) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
AVO earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 8, 2026 | $0.05 | $-0.10 | -287.5% | $291M | +13.5% |
| Mar 12, 2026 | $0.07 | $0.10 | +36.4% | $279M | -2.8% |
| Dec 18, 2025 | $0.23 | $0.31 | +34.8% | $319M | +8.5% |
| Sep 8, 2025 | $0.13 | $0.26 | +100.0% | $358M | +18.6% |
| Jun 5, 2025 | $0.03 | $0.12 | +300.0% | $380M | +21.8% |
| Mar 10, 2025 | $0.01 | $0.10 | +900.0% | $334M | +24.0% |
| Dec 19, 2024 | $0.08 | $0.28 | +250.0% | $354M | +32.0% |
| Sep 9, 2024 | $0.03 | $0.23 | +820.0% | $324M | +47.0% |
| Jun 6, 2024 | $0.02 | $0.14 | +566.7% | $298M | +38.5% |
| Mar 11, 2024 | $-0.07 | $0.09 | +228.6% | $259M | +22.8% |
| Dec 21, 2023 | $0.09 | $0.11 | +22.2% | $258M | -10.6% |
| Sep 11, 2023 | $0.19 | $0.15 | -21.1% | $261M | +2.3% |
AVO insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 30, 2026 | Pack Jay Adirector | Buy | 40,000 | $12.10 |
| Jun 29, 2026 | Giles Bryan Eofficer: CHIEF FINANCIAL OFFICER | Sell | 5,000 | $12.13 |
| Jun 23, 2026 | Taylor Bruce C.director | Buy | 70,283 | $11.25 |
| Jun 23, 2026 | Taylor Bruce C.director | Buy | 29,717 | $11.36 |
| Jun 22, 2026 | Taylor Bruce C.director | Buy | 286,410 | $11.27 |
| Jun 17, 2026 | Pack Jay Adirector | Buy | 77,831 | $11.34 |
| Jun 17, 2026 | Pack Jay Adirector | Buy | 110,719 | $11.34 |
| Jun 17, 2026 | Taylor Bruce C.director | Buy | 300,000 | $11.29 |
| Jun 17, 2026 | Taylor Bruce C.director | Buy | 13,590 | $11.40 |
| Jun 15, 2026 | Taylor Bruce C.director | Buy | 155,842 | $11.16 |
| Jun 15, 2026 | Pack Jay Adirector | Buy | 25,281 | $11.03 |
| Jun 15, 2026 | Pack Jay Adirector | Buy | 12,169 | $11.04 |
| Jun 15, 2026 | Taylor Bruce C.director | Buy | 10,000 | $11.14 |
| May 29, 2026 | HOLMGREN KATHLEEN Mdirector | Grant | 7,440 | — |
| May 29, 2026 | HOLMGREN KATHLEEN Mdirector | Grant | 26,384 | — |
Source: AVO SEC Form 4 filings, latest Jun 30, 2026. For informational purposes only — not investment advice.
See the full AVO insider & 13F page →Mission Produce, Inc. company profile
Overview
Mission Produce, Inc. (NYSE:AVO) is a leading global distributor and producer of avocados founded in 1983 and headquartered in Oxnard, California. The company went public in October 2020 and has grown from a regional avocado distributor to become one of the largest vertically integrated avocado companies in the world. Mission Produce operates through a combination of marketing and distribution services, international farming operations, and an expanding blueberry business segment. The company serves retail, wholesale, and foodservice customers across the United States and internationally, leveraging its global sourcing network and value-added services to maintain year-round avocado supply.
Business
Mission Produce operates in the fresh produce distribution industry, specifically focusing on avocados while expanding into other fruits like blueberries and mangoes. The fresh produce distribution industry involves sourcing, packaging, ripening, and distributing perishable fruits and vegetables from farms to retailers and foodservice operators. The company operates through three main business segments: 1. Marketing and Distribution Segment (approximately 85-90% of total revenue): This segment sources avocados from third-party growers worldwide and provides comprehensive distribution services including custom packing, ripening, bagging, and logistical management. The company operates distribution centers across the United States and internationally, serving major grocery chains, foodservice operators, and wholesale customers. This segment also handles the company's growing mango business, which has reached approximately 48 million pounds in annual sales. 2. International Farming Segment (approximately 8-10% of total revenue): Mission Produce owns and operates avocado farms in Peru, Guatemala, and Colombia, totaling thousands of acres of productive farmland. This vertical integration allows the company to control quality and supply during specific harvest seasons, particularly when Mexican and California crops are not available. The farming operations provide both fruit for the company's own distribution network and sales to third parties. 3. Blueberry Segment (approximately 2-5% of total revenue): The newest and fastest-growing segment involves cultivating premium blueberry varieties in Peru. The company has been rapidly expanding its blueberry acreage, with over 550 hectares currently planted and plans to significantly increase production. The blueberry business focuses on premium varietals with extended harvest windows to capture higher-value market opportunities. The avocado industry is highly seasonal and geographically diverse, with different growing regions producing fruit at different times of the year. Mexico supplies the majority of U.S. avocado consumption, followed by California, Peru, and other Latin American countries. Mission Produce's global sourcing network allows it to provide year-round supply by coordinating harvests from multiple countries.
Revenue model
Mission Produce generates revenue through multiple complementary business models across its three segments. The Marketing and Distribution segment operates on a product sales and service fee model. The company purchases avocados from growers worldwide and sells them to retailers, wholesalers, and foodservice operators at a markup. Additionally, Mission Produce charges fees for value-added services including ripening (accelerating fruit maturation in controlled environments), custom packing, bagging, and logistics management. These services command premium pricing because they help customers manage the complex supply chain requirements of highly perishable avocados. The company's customers include major grocery chains like Walmart, Costco, and regional supermarket chains, as well as foodservice distributors and quick-service restaurants. The International Farming segment generates revenue through direct fruit sales from company-owned farms in Peru, Guatemala, and Colombia. This segment sells both to Mission Produce's own distribution network (internal sales) and to third-party buyers (external sales). The farming operations provide higher margins during peak harvest seasons but require significant capital investment and carry agricultural risks. The Blueberry segment follows a similar farming model, selling premium blueberry varieties primarily to export markets. The company focuses on high-value varietals that can command premium pricing in international markets. Several factors significantly impact Mission Produce's margins and profitability. Commodity price volatility is the most significant factor, as avocado prices can fluctuate dramatically based on supply conditions, weather events, and seasonal patterns. Weather disruptions like El Niño can severely impact crop yields and quality, as seen in the company's Peruvian operations. Transportation and logistics costs directly affect margins, particularly fuel prices and cross-border shipping rates. Labor costs in both farming and distribution operations impact profitability, especially in California and Peru where agricultural labor is expensive. Currency fluctuations affect the company's international operations, particularly in Peru and Colombia. Competition from other distributors and direct grower-to-retailer relationships can pressure margins, while regulatory changes affecting international trade (such as tariffs or import restrictions) can disrupt sourcing strategies and cost structures.
Competitive moat
Mission Produce's competitive moat is moderate but meaningful, built primarily on its scale, vertical integration, and specialized infrastructure rather than proprietary technology or brand recognition. The company's primary moat comes from its global sourcing network and supply chain expertise. Managing year-round avocado supply requires deep relationships with growers across multiple countries, sophisticated logistics capabilities, and the ability to coordinate harvests from different regions. This expertise is difficult to replicate and provides Mission Produce with advantages in securing consistent supply and managing quality standards. The company's ripening and distribution infrastructure represents another moat element, as these specialized facilities require significant capital investment and technical expertise to operate effectively. Vertical integration through farming operations provides some competitive advantages by ensuring supply during critical periods and capturing additional margin along the value chain. However, this also increases capital requirements and operational complexity. The company's scale and customer relationships with major retailers create some barriers to entry, as large grocery chains prefer working with established distributors who can guarantee consistent supply and quality. The moat faces several challenges. The produce distribution industry has relatively low barriers to entry for basic distribution services, and large retailers increasingly seek to work directly with growers to reduce costs. Commodity price volatility makes it difficult to maintain consistent margins, and the company has limited pricing power during periods of oversupply. Climate change and weather risks threaten the company's farming operations and global supply chain. Additionally, consolidation among both suppliers and customers could reduce Mission Produce's negotiating power over time. The company's expansion into blueberries and mangoes represents an attempt to diversify and strengthen its moat, but these segments remain small relative to the core avocado business. Overall, Mission Produce has a defensible but not dominant market position that depends heavily on operational execution and market conditions.
Risks & safety
Mission Produce demonstrates adequate but not exceptional financial safety with some seasonal working capital challenges. • Liquidity and Solvency: Current ratio of 1.75 and quick ratio of 1.03 indicate reasonable short-term liquidity. Cash position of $40.1 million provides modest cushion but may be insufficient during periods of working capital build-up. Debt-to-equity ratio of 0.39 shows moderate leverage levels. • Cash Flow Concerns: Recent quarter showed negative operating cash flow of -$1.2 million and negative free cash flow of -$16.0 million, reflecting seasonal working capital strain. However, the company historically generates positive cash flow in the second half of its fiscal year when owned farm harvests begin. • Valuation Metrics: Trading at 54x trailing P/E ratio appears expensive, though this reflects recent quarter's lower earnings. EV/EBITDA of 12.6x is more reasonable for a growing food distributor. Price-to-book ratio of 1.53x suggests modest premium to book value. • Other Considerations: Seasonal business model creates predictable working capital swings. Commodity price exposure creates earnings volatility. Geographic diversification provides some risk mitigation but also adds operational complexity.
Recent development
Over the past few years, Mission Produce has executed several key strategic initiatives to diversify its business and strengthen its market position. The company's most significant development has been its aggressive expansion into blueberries, growing from virtually no blueberry revenue to over $36 million in the most recent quarter. Mission Produce has planted over 550 hectares of premium blueberry varieties in Peru and plans to continue expanding acreage significantly. The company expects blueberry harvest volumes to increase 35-40% in the coming year and has been investing in premium varietals that extend harvest seasons and command higher prices. Geographic diversification has been another major focus, with the company expanding its global sourcing footprint. The USDA's approval of Guatemalan avocado imports to the United States represents a significant opportunity, as Mission Produce has established farming operations in Guatemala. The company has also been developing its presence in Colombia and strengthening its Peruvian operations despite weather-related challenges. Mission Produce has been optimizing its distribution infrastructure, including closing underperforming facilities in Toronto and Calgary while investing in its UK distribution center. The company has also been expanding its mango business, which has grown to approximately 48 million pounds annually and represents a meaningful diversification opportunity leveraging existing distribution capabilities. The company has implemented approximately $10 million in annualized cost savings through operational efficiency initiatives, including labor cost reductions and improved logistics management. These efforts have helped offset some of the margin pressure from commodity price volatility and weather-related supply challenges. Technology and infrastructure investments have included ERP system implementations and expanding ripening and packing capabilities to better serve customers' value-added service needs. The company has also been developing its capabilities in custom packing and logistics management to differentiate itself from basic commodity distributors.
AVO company profile · for informational purposes only — not investment advice.
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