secwatch / observer
8-K filed December 22, 2022, 6:59 PM ET ticker AVO CIK 0001802974
earnings confidence high sentiment negative materiality 0.80

Mission Produce Q4 net loss $42M on goodwill impairment; revenue flat; guides lower Q1 pricing

Mission Produce, Inc.

2022-FY EPS reported -$0.49 revenue$1,045,900,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Mission Produce, Inc. reported fiscal year ended October 31, 2022 results: revenue $1.0 billion, net income $(34.6) million, EPS $(0.49) per diluted share.

Period
fiscal year ended October 31, 2022
Revenue
$1.0 billion
Net income
$(34.6) million
EPS
$(0.49) per diluted share
Result
reported results
Exact text from the filing
Total revenue of $1.0 billion, a 17% increase driven by average selling price increases of 28%, partially offset by an 11% decrease in avocado volume sold, compared to last year • Net loss of $(34.6) million, or $(0.49) per diluted share, compared to net income of $44.9 million, or $0.63 per diluted share last year
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Mission Produce, Inc. reported fiscal fourth quarter ended October 31, 2022 results: revenue $238.0 million, net income $(42.0) million, EPS $(0.59) per diluted share.

Period
fiscal fourth quarter ended October 31, 2022
Revenue
$238.0 million
Net income
$(42.0) million
EPS
$(0.59) per diluted share
Result
reported results
Exact text from the filing
Total revenue of $238.0 million was flat with the prior year period, including the Blueberries segment consolidation which was not comparable to the prior year period. Average avocado selling price decreased by 10%, partially offset by a 6% increase in avocado volume sold, compared to the same period last year • Net loss of $(42.0) million, or $(0.59) per diluted share, which includes a non-cash charge of $49.5 million related to goodwill impairment; compared to net income of $16.9 million, or $0.24 per diluted share, for the same period last year
View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Mission Produce, Inc. filing history →

Source: SEC EDGAR
accession 0001802974-22-000048
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.