finance.yahoo.com

Mission Produce Avocado Sales Rise as Pricing Pressure Cuts Revenues

Mission Produce logoMission Produce
Sig1.85Sen-4.20Env0.00Soc0.00Gov0.00

In Q2 fiscal 2026, Mission Produce’s avocado volumes rose 15% year over year on abundant supply and strong category demand, but average prices fell 36% versus the prior-year peak. Revenue dropped 24% to $290.9 million. Gross profit declined to $20.5 million and gross margin to 7% as Mexican crop-driven excess supply and fruit size mismatches forced higher spot buys and discounts. Marketing and distribution sales fell to $277.2 million. Pricing pressure should moderate as Q3 industry volumes are forecast up 5–10% while pricing declines about

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