Mission Produce Q1 revenue +21% to $258.7M; adjusted EBITDA $19.2M vs $2.3M

Mission Produce, Inc.

2024-Q1 EPS reported $0.00 revenue$258,700,000

Net income breakeven ($0.00/diluted) vs loss of $8.8M ($0.12 loss) YoY.
Adjusted net income $6.7M ($0.09/diluted) vs adjusted loss of $5.0M ($0.07 loss).
Gross margin expanded 690 bps to 11.1%; Marketing & Distribution segment EBITDA up $6.4M to $11.0M.
Blueberries segment revenue +9% to $32.5M on 90% higher pricing; adjusted EBITDA $8.7M vs -$0.5M.
Operating cash flow $9.5M vs -$1.3M; Q2 avocado pricing expected 10-15% higher YoY.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Mission Produce, Inc. reported the fiscal first quarter ended January 31, 2024 results: revenue $258.7 million, net income $0.00 per diluted share, EPS $0.00 per diluted share.

Period: the fiscal first quarter ended January 31, 2024
Revenue: $258.7 million
Net income: $0.00 per diluted share
EPS: $0.00 per diluted share
Result: reported results

Exact text from the filing

today reported its financial results for the fiscal first quarter ended January 31, 2024. Fiscal First Quarter 2024 Financial Overview: • Total revenue increased 21% to $258.7 million compared to the same period last year driven primarily by a 23% increase in average per-unit avocado selling prices on flat avocado volumes • Net income/(loss) was breakeven, or

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Source: SEC EDGAR

accession 0001802974-24-000017

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