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Stock impact report

Mission Produce™ Announces Fiscal 2022 Third Quarter Financial Results

Mission Produce, Inc. (AVO) 
Company Research Source: GlobeNewswire
OXNARD, Calif., Sept. 08, 2022 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (Nasdaq: AVO) (“Mission” or the “Company”), a world leader in sourcing, producing, and distributing fresh Hass avocados with additional offerings in mangos, today reported its financial results for the fiscal third quarter ended July 31, 2022. Fiscal Third Quarter 2022 Highlights: Total revenue of $313.2 million, a 27% increase driven by average selling price increases of 42%, partially offset by a 11% decrease in avocado volume sold, compared to the same period last yearNet income of $18.4 million, or $0.26 per diluted share, compared to $18.4 million, or $0.26 per diluted share, for the same period last yearAdjusted net income of $18.9 million, or $0.27 per diluted share, compared to $19.1 million, or $0.27 per diluted share, for the same period last yearAdjusted EBITDA of $31.6 million compared to $30.1 million for the same period last yearAppointed Tim Bulow as President and Chief Operating Officer, furt Show less Read more
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