Mission Produce Inc. reported fiscal third-quarter adjusted earnings of 16 cents per share, surpassing the Zacks Consensus Estimate of 10 cents, though down from 24 cents a year ago. Revenues rose 25.8% year over year to $450 million, beating the $368 million consensus, driven by a 37.7% increase in avocado volume to 252.7 million pounds, reflecting the Calavo acquisition and higher legacy volume. Adjusted EBITDA of $32.4 million exceeded the company's guidance range of $28 million to $32 million, benefiting from stronger-than-expected International Farming results and solid Calavo performance. The company reaffirmed second-half fiscal 2026 adjusted EBITDA guidance of $84 million to $88 million and raised its annualized Calavo synergy target to more than $30 million from at least $25 million.
Mission Produce IncBeat Q3 estimates and raised Calavo synergy target
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