Mission Produce achieved a 15% year-over-year increase in avocado volumes during its second fiscal quarter of 2026, even as an unusually large Mexican crop pressured industry pricing and margins. The company's vertically integrated model and multi-region sourcing network helped maintain customer service levels and outperform peers during a period of extremely low prices. Its marketing and distribution segment generated 15% volume growth and a roughly 5% increase in gross profit on a first-half basis. Looking ahead, the acquisition of Calavo is expected to deliver at least $25 million in annualized cost synergies within 18 months through the elimination of redundant operations, SG&A expenses, and infrastructure costs.
Mission Produce Inc15% volume growth despite pricing pressure, showing strong customer demand.
Calavo Growers IncAcquisition by Mission Produce expected to deliver $25M annualized cost synergies.
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