---
schema_version: "secwatch.filing_event.v1"
accession: "0001802974-22-000048"
form_type: "8-K"
ticker: "AVO"
cik: "0001802974"
company_name: "Mission Produce, Inc."
filed_at: "2022-12-22T23:59:59+00:00"
generated_at: "2026-06-21T00:10:34.116051+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Net loss of $42.0M ($0.59 diluted EPS) includes $49.5M goodwill impairment; adjusted EPS $0.13
- Revenue $238M flat YoY; avocado volume +6% but pricing -10%
- Adjusted EBITDA $17.2M vs $26.4M prior year on margin compression and higher costs
- Full year net loss $34.6M vs net income $44.9M; revenue +17% to $1.0B
- Q1 FY2023 outlook: industry avocado volume higher (Mexican crop +20%), but pricing down ~20-25% YoY

## SEC filing metadata
- accession: 0001802974-22-000048
- form_type: 8-K
- ticker: AVO
- cik: 0001802974
- company_name: Mission Produce, Inc.
- filed_at: 2022-12-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802974/000180297422000048/0001802974-22-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802974/000180297422000048/avo-20221222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001802974-22-000048
- JSON: https://secwatch.observer/filing/0001802974-22-000048.json
- Plain text: https://secwatch.observer/filing/0001802974-22-000048.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802974/000180297422000048/0001802974-22-000048-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802974/000180297422000048/0001802974-22-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.