Mission Produce Q1 revenue down 17% to $278.6M; adj. EPS flat at $0.10; Calavo acquisition on track

Mission Produce, Inc.

2026-Q1 EPS reported -$0.01 revenue$278,600,000

Net loss $(0.7)M ($(0.01)/share) vs profit $3.9M a year ago; adj. net income $7.3M ($0.10/share), +3%.
Revenue $278.6M (-17% YoY) on avocado volume +14% but price -30%; gross margin expanded 190bps to 11.3%.
Pending Calavo Growers acquisition progressing; expected close in fiscal Q3 2026, targeting at least $25M annual synergies.
Q2 industry outlook: avocado volumes +10-15% YoY, pricing -30-35% vs $2.00/lb; blueberries volume down, costs up.
FY2026 capex expected ~$40M; cash $44.8M at quarter end.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Mission Produce, Inc. reported financial results for fiscal first quarter ended January 31, 2026.

Period: fiscal first quarter ended January 31, 2026
Result: reported results

Exact text from the filing

On March 12, 2026, Mission Produce, Inc. (the “Company”) announced its financial results for the quarter ended January 31, 2026.

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Mission Produce, Inc. filing history →

Source: SEC EDGAR

accession 0001802974-26-000020

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