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Stock impact report

Mission Produce™ Announces Fiscal 2024 First Quarter Financial Results

Mission Produce, Inc. (AVO) 
Company Research Source: GlobeNewswire
OXNARD, Calif., March 11, 2024 (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 and blueberries, today reported its financial results for the fiscal first quarter ended January 31, 2024. Fiscal First Quarter 2024 Financial Overview: Total revenue increased 21% to $258.7 million compared to the same period last year driven primarily by a 23% increase in average per-unit avocado selling prices on flat avocado volumesNet income/(loss) was breakeven, or $0.00 per diluted share, compared to $(8.8) million, or $(0.12) per diluted share, for the same period last yearAdjusted net income of $6.7 million, or $0.09 per diluted share, compared to $(5.0) million, or $(0.07) per diluted share, for the same period last yearAdjusted EBITDA of $19.2 million, compared to $2.3 million in the same period last year CEO Message Steve Barnard, CEO of Mis Show less Read more
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