secwatch.observer — SEC 8-K summary
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Issuer:     Mission Produce, Inc. (AVO)
CIK:        0001802974
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0001802974-25-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mission Produce Q1 revenue up 29% to $334M; adjusted EBITDA down 8% to $17.7M
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- Revenue $334.2M (+29% YoY); net income $3.9M ($0.05 diluted EPS) vs breakeven; adjusted net income $7.1M ($0.10 diluted EPS).
- Adjusted EBITDA $17.7M (-8% YoY) as per-unit avocado margins fell on higher fruit costs; Marketing & Distribution segment EBITDA down to $9.7M.
- Blueberries segment net sales +12% to $36.4M, but adjusted EBITDA -29% to $6.2M on lower selling prices; International Farming turned positive to $1.8M.
- Cash $40.1M at Jan 31; Q1 capex $14.8M; FY2025 capex guidance reaffirmed at $50-55M.
- Outlook: Q2 avocado pricing expected ~5% higher YoY; blueberry volumes +35-40%; tariff impact excluded from assumptions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802974/000180297425000007/0001802974-25-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802974/000180297425000007/avo-20250310.htm
  HTML page:      https://secwatch.observer/filing/0001802974-25-000007

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