---
schema_version: "secwatch.filing_event.v1"
accession: "0001802974-24-000017"
form_type: "8-K"
ticker: "AVO"
cik: "0001802974"
company_name: "Mission Produce, Inc."
filed_at: "2024-03-11T23:59:59+00:00"
generated_at: "2026-06-04T23:57:18.588033+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001802974-24-000017
- form_type: 8-K
- ticker: AVO
- cik: 0001802974
- company_name: Mission Produce, Inc.
- filed_at: 2024-03-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802974/000180297424000017/0001802974-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802974/000180297424000017/avo-20240311.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001802974-24-000017
- JSON: https://secwatch.observer/filing/0001802974-24-000017.json
- Plain text: https://secwatch.observer/filing/0001802974-24-000017.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802974/000180297424000017/0001802974-24-000017-index.htm

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