secwatch.observer — SEC 8-K summary
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Issuer:     Mission Produce, Inc. (AVO)
CIK:        0001802974
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001802974-23-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mission Produce Q4 revenue $257.9M (+8% YoY), adj. EPS $0.11; guides Q1 pricing up ~15% YoY
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- Q4 net income $4.0M ($0.06 EPS) vs net loss $42.0M a year ago; adjusted net income $7.5M ($0.11).
- Full year revenue $953.9M (down ~9% YoY); adjusted EBITDA $48.4M (+2%); net loss improved to $2.8M.
- Marketing & Distribution segment adj. EBITDA up 170% to $10.8M; International Farming down 91% to $1.1M on El Niño.
- Blueberries segment net sales +88% YoY; segment adj. EBITDA +440% driven by higher pricing and volume.
- Q1 FY2024 outlook: industry avocado volumes slightly lower YoY; pricing expected ~15% higher YoY vs $1.14/lb.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802974/000180297423000036/0001802974-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802974/000180297423000036/avo-20231221.htm
  HTML page:      https://secwatch.observer/filing/0001802974-23-000036

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