Mission Produce shares have risen 23.7% since its last earnings report, outperforming the S&P 500. The company reported second-quarter fiscal 2026 adjusted earnings of 1 cent per share, missing the consensus estimate of 5 cents, while revenue of $290.9 million beat expectations despite a 24% year-over-year decline. Profitability was pressured by a 36% drop in average avocado pricing and a supply-demand mismatch for core fruit sizes in April, though avocado volumes rose 15%. Mission Produce completed its acquisition of Calavo Growers on May 28, 2026, and guided third-quarter adjusted EBITDA to $28-$32 million, with second-half adjusted EBITDA projected at $84-$88 million, supported by a full quarter of Calavo in the fourth quarter and stabilizing margins.
Mission Produce IncShares surged 23.7% since last earnings report, driven by revenue beat, acquisition completion, and positive EBITDA guidance.
Calavo Growers IncCalavo Growers was acquired by Mission Produce, implying a positive outcome for Calavo shareholders.