secwatch.observer — SEC 8-K summary
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Issuer:     Mission Produce, Inc. (AVO)
CIK:        0001802974
Form:       8-K
Filed at:   2022-12-22T23:59:59+00:00
Accession:  0001802974-22-000048
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802974/000180297422000048/0001802974-22-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802974/000180297422000048/avo-20221222.htm
  HTML page:      https://secwatch.observer/filing/0001802974-22-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer