Mission Produce Reports Q3 Fiscal 2026 Results with Strong Revenue Growth
Mission Produce (AVO) reported fiscal third-quarter results for 2026, showing a significant increase in total revenue to $450 million, up 26% year-over-year. This growth was driven by higher avocado volume sold—reaching 253 million pounds, an increase of 38%. Despite this, the average sales price per pound dropped 9% due to increased industry supply conditions. The company exceeded its adjusted EBITDA guidance with $32.4 million in earnings and reported over $30 million in annualized synergies from the Calavo acquisition—up from an initial estimate of $25 million. The marketing & distribution segment saw a rise in adjusted EBITDA to $24.7 million, while international farming experienced a decline due to lower average sales prices. Looking ahead, Mission Produce reaffirmed its full-year guidance and provided updated expectations for the fourth quarter, citing seasonal contributions from Peru’s avocado harvest and blueberry operations.
Tickers: $AVO
Topics: adjusted_ebitda avocado_volume guidance revenue