secwatch.observer — SEC 8-K summary
======================================

Issuer:     Mission Produce, Inc. (AVO)
CIK:        0001802974
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001802974-24-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802974/000180297424000017/0001802974-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802974/000180297424000017/avo-20240311.htm
  HTML page:      https://secwatch.observer/filing/0001802974-24-000017

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