secwatch.observer — SEC 8-K summary
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Issuer:     Mission Produce, Inc. (AVO)
CIK:        0001802974
Form:       8-K
Filed at:   2026-06-08T20:09:05+00:00
Accession:  0001802974-26-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802974/000180297426000031/0001802974-26-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802974/000180297426000031/avo-20260608.htm
  HTML page:      https://secwatch.observer/filing/0001802974-26-000031

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