Mission Produce Q2 net loss $7.2M; revenue down 24%; closes Calavo acquisition, $100M buyback

Mission Produce, Inc.

Net loss of $7.2M ($0.10 loss per diluted share) vs income of $3.1M ($0.04 per share) in prior-year Q2; revenue $290.9M, down 24% YoY.
Adjusted EBITDA $7.1M vs $19.1M last year, driven by low avocado prices and temporary fruit size mismatch compressing margins.
Completed Calavo acquisition on May 28, 2026: issued ~17.5M shares and paid ~$266M cash; combined shares ~88.3M, term loans $350M.
New $100M stock repurchase program authorized for 36 months, replacing prior program with $11.2M remaining; no shares repurchased yet.
Q3 FY2026 adjusted EBITDA guidance $28-32M (partial Calavo quarter); H2 FY2026 adjusted EBITDA $84-88M; FY2026 capex ~$45M.

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 the fiscal second quarter ended April 30, 2026 results: revenue $290.9 million, net income $(7.2) million, or $(0.10) per diluted share, EPS $(0.10) per diluted share.

Period: the fiscal second quarter ended April 30, 2026
Revenue: $290.9 million
Net income: $(7.2) million, or $(0.10) per diluted share
EPS: $(0.10) per diluted share
Result: reported results

Exact text from the filing

fresh Hass avocados, today reported its financial results for the fiscal second quarter ended April 30, 2026. Fiscal Second Quarter 2026 Financial Overview: • Total revenue of $290.9 million and achieved volume growth of 15% compared to the same period last year • Net loss attributable to Mission Produce of $7.2 million, or $(0.10) per diluted share, compared to

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Source: SEC EDGAR

accession 0001802974-26-000031

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