other material
confidence high
sentiment positive
materiality 0.60
Mission Produce targets 300 bps margin expansion and doubling of sales by 2035 at Investor Day
Mission Produce, Inc.
- Repurchased 290,994 shares at average price $12.94 in fiscal Q4 to date under $100M program authorized June 8, 2026.
- Five-year plan targets mid-single-digit organic sales growth, ~300 bps margin expansion, >90% of Adjusted Net Income converted to free cash flow.
- Calavo integration synergy target raised from at least $25M to more than $30M annualized, with full run rate within 18 months of close.
- Reaffirmed H2 fiscal 2026 Adjusted EBITDA of $84M-$88M including Q4 $52M-$55M; Peru export volume 120M-130M lbs H2, 67M-77M lbs Q4.
- 2035 ambition to double sales and triple Adjusted EBITDA; net leverage target below 1.5x Adjusted EBITDA.