Mission Produce Q3 Results Overview
Mission Produce, Inc. (NASDAQ:AVO) announced third‑quarter 2026 results for the period ended July 31. Revenue reached $450 million, surpassing the analyst consensus of $280.73 million and representing a 26 % increase year‑over‑year, driven by a 38 % rise in avocado volume despite a 9 % decline in per‑unit sales prices.
Adjusted earnings per share were $0.18, below the consensus estimate of $0.20 and down from $0.26 in the comparable quarter last year. The company posted a net loss of $6.5 million, or $0.08 per diluted share, which incorporated $25.4 million of pre‑tax costs related to the Calavo acquisition completed on May 28, 2026.
Adjusted EBITDA for the quarter was $32.4 million, exceeding expectations and reflecting strong performance across the Marketing & Distribution segment and contributions from International Farming.
Management raised its annualized synergy outlook from the Calavo acquisition to more than $30 million, citing higher‑than‑anticipated SG&A savings and network efficiencies. President and CEO John Pawlowski said the results demonstrate business strength and operational focus.
The company reaffirmed its fiscal second‑half 2026 adjusted EBITDA guidance of $84 million to $88 million. For the fourth quarter, Mission Produce projects adjusted EBITDA of $52 million to $55 million, with a midpoint of $53.5 million. It expects avocado industry volumes to grow approximately 10 % YoY in Q4, while pricing is projected to decline roughly 10 % versus the prior‑year period.
Shares jumped 7 % following the earnings release.