Mission Produce Q2 Revenue Hits Record
Mission Produce, Inc. (NASDAQ:AVO) reported results for the second quarter of fiscal 2025 on June 5, 2025, delivering record revenue of $380.3 million, up 28% year-over-year, but lower adjusted EBITDA of $19.1 million. Earnings detailed robust market access, expansion in Europe, a significant mango business milestone, and anticipated 50% volume recovery in Peruvian avocado production for the season, with clear guidance for lower pricing in the second half due to rising supply. The following analysis extracts three distinct insights with direct long-term investment implications, grounded in precise, transcript-based evidence.Mission Produce's revenue growth was primarily driven by a 26% increase in per-unit avocado selling prices, despite persistent supply challenges and nonrecurring cost events such as Canadian facility closures and short-term Mexican import tariffs. Gross profit declined by $2.6 million in the second quarter, and gross margin decreased by 290 basis points to 7.5% due to compressed avocado per unit margins early in the quarter and a temporary cost overlay.Continue reading
Mission Produce, Inc. (NASDAQ:AVO) reported results for the second quarter of fiscal 2025 on June 5, 2025, delivering record revenue of $380.3 million, up 28% year-over-year, but lower adjusted EBITDA of $19.1 million.
Earnings detailed robust market access, expansion in Europe, a significant mango business milestone, and anticipated 50% volume recovery in Peruvian avocado production for the season, with clear guidance for lower pricing in the second half due to rising supply. The following analysis extracts three distinct insights with direct long-term investment implications, grounded in precise, transcript-based evidence.
Mission Produce's revenue growth was primarily driven by a 26% increase in per-unit avocado selling prices, despite persistent supply challenges and nonrecurring cost events such as Canadian facility closures and short-term Mexican import tariffs. Gross profit declined by $2.6 million in the second quarter, and gross margin decreased by 290 basis points to 7.5% due to compressed avocado per unit margins early in the quarter and a temporary cost overlay.
