secwatch.observer — SEC 8-K summary
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Issuer:     Mission Produce, Inc. (AVO)
CIK:        0001802974
Form:       8-K
Filed at:   2026-10-08T12:19:12+00:00
Accession:  0001802974-26-000046
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Mission Produce targets 300 bps margin expansion and doubling of sales by 2035 at Investor Day
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802974/000180297426000046/0001802974-26-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802974/000180297426000046/avo-20261008.htm
  HTML page:      https://secwatch.observer/filing/0001802974-26-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer