---
schema_version: "secwatch.filing_event.v1"
accession: "0001802974-23-000028"
form_type: "8-K"
ticker: "AVO"
cik: "0001802974"
company_name: "Mission Produce, Inc."
filed_at: "2023-09-11T23:59:59+00:00"
generated_at: "2026-06-10T21:48:23.919512+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mission Produce Q3 rev down 17% to $261.4M, adj EPS $0.15; cuts Peru volume outlook

## Summary
- Revenue $261.4M (-17% YoY); net income $6.6M ($0.09 diluted) vs $18.4M ($0.26); adj. net income $10.3M ($0.15) vs $18.9M ($0.27).
- Adjusted EBITDA fell 33% to $21.2M, pressured by lower International Farming margins and reduced Peruvian volumes due to weather.
- Avocado volume up 23% YoY, but average price down 33%; Marketing & Distribution segment EBITDA up 4% to $16.1M on higher volume.
- International Farming sales down 41% to $38.2M, segment EBITDA down 70% to $4.9M on lower farm-gate pricing.
- Board authorized up to $20M stock repurchase over 36 months; Q4 outlook: pricing up ~10% YoY, own-farm export volume revised to 105-115M lbs.

## SEC filing metadata
- accession: 0001802974-23-000028
- form_type: 8-K
- ticker: AVO
- cik: 0001802974
- company_name: Mission Produce, Inc.
- filed_at: 2023-09-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802974/000180297423000028/0001802974-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802974/000180297423000028/avo-20230911.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001802974-23-000028
- JSON: https://secwatch.observer/filing/0001802974-23-000028.json
- Plain text: https://secwatch.observer/filing/0001802974-23-000028.txt

## Key facts
- Earnings Releases
  Mission Produce, Inc. reported fiscal third quarter ended July 31, 2023 results: revenue $261.4 million, net income $6.6 million, EPS $0.09 per diluted share.
  - Period: fiscal third quarter ended July 31, 2023
  - Revenue: $261.4 million
  - Net income: $6.6 million
  - EPS: $0.09 per diluted share
  - Result: reported results
  source text: today reported its financial results for the fiscal third quarter ended July 31, 2023. Fiscal Third Quarter 2023 Financial Overview: • Total revenue decreased 17% to $261.4 million compared to the same period last year driven by a continuation of a normalizing environment where higher industry volumes are being more than offset by lower pricing from
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802974/000180297423000028/0001802974-23-000028-index.htm

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