---
schema_version: "secwatch.filing_event.v1"
accession: "0001802974-23-000005"
form_type: "8-K"
ticker: "AVO"
cik: "0001802974"
company_name: "Mission Produce, Inc."
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T07:29:27.983895+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mission Produce Q1 net loss $8.8M, revenue $213.5M, avocado volume +14% YoY

## Summary
- Net loss of $(8.8)M ($(0.12) diluted EPS); adjusted net loss $(5.0)M ($(0.07) diluted).
- Revenue $213.5M, down 1% YoY; avocado volume sold up 14% to 152.3M pounds.
- Adjusted EBITDA $2.3M vs $(10.4)M in prior year; gross margin improved 400 bps to 4.2%.
- Q2 guidance: avocado pricing expected down 30-35% YoY due to larger Mexican harvest.
- Blueberries segment posted negative EBITDA of $(0.5)M on weak pricing in Europe and US.

## SEC filing metadata
- accession: 0001802974-23-000005
- form_type: 8-K
- ticker: AVO
- cik: 0001802974
- company_name: Mission Produce, Inc.
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802974/000180297423000005/0001802974-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802974/000180297423000005/avo-20230309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001802974-23-000005
- JSON: https://secwatch.observer/filing/0001802974-23-000005.json
- Plain text: https://secwatch.observer/filing/0001802974-23-000005.txt

## Key facts
- Earnings Releases
  Mission Produce, Inc. reported the fiscal first quarter ended January 31, 2023 results: revenue $213.5 million, net income $(8.8) million, EPS $(0.12) per diluted share.
  - Period: the fiscal first quarter ended January 31, 2023
  - Revenue: $213.5 million
  - Net income: $(8.8) million
  - EPS: $(0.12) per diluted share
  - Result: reported results
  source text: Mission Produce, Inc. (Nasdaq: AVO) (“Mission” or the “Company”), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos and blueberries, today reported its financial results for the fiscal first quarter ended January 31, 2023. Fiscal First Quarter 2023 Highlights: • Avocado volume sold increased 14% to 152.3 million pounds compared to the same period last year • Total revenue of $213.5 million, a 1% decrease compared to the same period last year • Net loss of $(8.8) million, or $(0.12) per diluted share, compared to $(13.4) million, or $(0.19) per diluted share, for the same period last year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802974/000180297423000005/0001802974-23-000005-index.htm

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