---
schema_version: "secwatch.filing_event.v1"
accession: "0001802974-23-000014"
form_type: "8-K"
ticker: "AVO"
cik: "0001802974"
company_name: "Mission Produce, Inc."
filed_at: "2023-06-08T23:59:59+00:00"
generated_at: "2026-06-14T05:10:37.329847+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mission Produce Q2 net loss $4.6M, revenue down 20% to $221.1M on avocado price deflation

## Summary
- Net loss $(4.6)M ($(0.07)/diluted) vs net income $2.4M ($0.03) prior year; adjusted net income $0.5M ($0.01).
- Revenue $221.1M, down 20% YoY; avocado prices down 36% partially offset by 19% volume increase.
- Adjusted EBITDA $7.6M, down 17% from $9.1M prior year.
- Owned Peruvian production guided 125M-135M lbs; new UK distribution center commenced operations.
- Industry Q3 avocado volumes expected ~20% higher YoY; pricing expected down 35-40% vs $2.03/lb in Q3 FY2022.

## SEC filing metadata
- accession: 0001802974-23-000014
- form_type: 8-K
- ticker: AVO
- cik: 0001802974
- company_name: Mission Produce, Inc.
- filed_at: 2023-06-08T23:59:59+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/1802974/000180297423000014/0001802974-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802974/000180297423000014/avo-20230608.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001802974-23-000014
- JSON: https://secwatch.observer/filing/0001802974-23-000014.json
- Plain text: https://secwatch.observer/filing/0001802974-23-000014.txt

## Key facts
- Earnings Releases
  Mission Produce, Inc. reported the fiscal second quarter ended April 30, 2023 results: revenue $221.1 million, net income $(4.6) million, EPS $(0.07) per diluted share.
  - Period: the fiscal second quarter ended April 30, 2023
  - Revenue: $221.1 million
  - Net income: $(4.6) million
  - EPS: $(0.07) per diluted share
  - Result: reported results
  source text: today reported its financial results for the fiscal second quarter ended April 30, 2023. Fiscal Second Quarter 2023 Financial Overview: • Total revenue decreased 20% to $221.1 million compared to the same period last year driven by deflationary pressure on avocado sales prices as a result of robust Mexican harvest volumes • Net loss of $(4.6) million, or
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802974/000180297423000014/0001802974-23-000014-index.htm

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