Mission Produce Inc Stock News

OXNARD, Calif., Nov. 12, 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 announced Steve Barnard, Founder and Chief Executive Officer, and Bryan Giles, Chief Financial Officer, will be participating in the Stephens Annu...

OXNARD, Calif., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ: AVO) (“Mission” or “the Company”) a world leader in sourcing, producing, and distributing fresh Hass avocados, today announced the implementation of a policy aimed at addressing illegal deforestation associated with avocado farming in Michoacán, Mexico.

Year-to-date momentum continues – Company providing an update on fourth quarter results, driven primarily by strong performance in the Marketing & Distribution segment Year-to-date momentum continues – Company providing an update on fourth quarter results, driven primarily by strong performance in the Marketing & Distribution segment

Rich in antioxidants like Omega 3, magnesium, potassium, fiber, and lutein, as well as nutrients, including vitamins A through E and K, the avocado is a superfood (and a fruit). Last year, the United States imported a new record of 2.8 billion pounds of avocados from Mexico, the world's largest supplier.

Though it didn't sell as many avocados in fiscal Q3 as it did a year ago, it more than made up for it with higher prices. Management expects prices to come back down somewhat in the current quarter, but to remain above prior-year levels.

Mission Produce shows strong financials with Q3 2024 revenue at $324 million and EPS at $0.23, but faces high P/E ratio and negative earnings growth. The company excels in global expansion and ripening technology, but avocado production challenges and high prices may impact future profitability. Despite diversification into mangos and blueberries, the stock's high valuation and risks lead me to...

Mission Produce, Inc. (NASDAQ:AVO ) Q3 2024 Earnings Conference Call September 9, 2024 5:30 PM ET Company Participants Jeff Sonnek - Investor Relations, ICR Stephen Barnard - Chief Executive Officer Bryan Giles - Chief Financial Officer John Pawlowski - President and Chief Operating Officer Conference Call Participants Ben Klieve - Lake Street Capital Markets Gerry Sweeney - ROTH Capital Partne...

Shares of Mission Produce gained after the company posted higher revenue and profit in its fiscal third quarter.