secwatch.observer — SEC 8-K summary
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Issuer:     Mission Produce, Inc. (AVO)
CIK:        0001802974
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001802974-23-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802974/000180297423000005/0001802974-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802974/000180297423000005/avo-20230309.htm
  HTML page:      https://secwatch.observer/filing/0001802974-23-000005

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