secwatch.observer — SEC 8-K summary
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Issuer:     Mission Produce, Inc. (AVO)
CIK:        0001802974
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001802974-26-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802974/000180297426000020/0001802974-26-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802974/000180297426000020/avo-20260312.htm
  HTML page:      https://secwatch.observer/filing/0001802974-26-000020

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