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Stock impact report

Mission Produce (NASDAQ:AVO) Reports Upbeat Q1, Stock Soars [Yahoo! Finance]

Mission Produce, Inc. (AVO) 
Company Research Source: Yahoo! Finance
It made a non-GAAP profit of $0.09 per share, improving from its loss of $0.07 per share in the same quarter last year. Is now the time to buy Mission Produce? Find out by accessing our full research report, it's free Mission Produce (AVO) Q1 FY2024 Highlights: Revenue: $258.7 million vs analyst estimates of $210.8 million (22.8% beat) EPS (non-GAAP): $0.09 vs analyst estimates of -$0.07 ($0.16 beat) Gross Margin (GAAP): 11.1%, up from 4.5% in the same quarter last year Free Cash Flow was -$400,000, down from $33.7 million in the previous quarter Market Capitalization: $780 million Steve Barnard, CEO of Mission, commented, “We are off to a strong start in fiscal 2024 with the delivery of a first quarter that demonstrated solid execution across all facets of our business. The team's focus resulted in significantly improved per-unit margins, which translated to nearly 700 basis points of gross margin expansion and resulted in a significant improvement in adjusted EBITDA Show less Read more
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