Mission Produce (NASDAQ: AVO) reported Q1 EPS of $0.10, $0.02 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $278.6 million versus the consensus estimate of $319.6 million.

Outlook

For the second quarter of fiscal year 2026, the Company is providing the following industry outlooks that will drive performance:

Avocado industry volumes in the fiscal 2026 second quarter are expected to increase by 10-15% versus the prior year period, driven by a larger Mexican crop in the current harvest season.
Pricing is expected to be lower on a year-over-year basis by 30-35% compared to the $2.00 per pound average experienced in the second quarter of fiscal 2025, driven by higher supply conditions.
Harvest timing for the 2025/26 Peruvian blueberry season is accelerated in relation to the prior year, leaving 10-15% of the harvest to be sold through in the fiscal second quarter. The Company expects to see volume reductions from owned farms resulting from earlier pruning in the current year, which should translate to lower revenue despite expectations for higher sales prices. Profitability will continue to be impacted by higher costs resulting from lower projected yields per hectare in the current harvest season.

For full year fiscal 2026, total capital expenditure is expected to be approximately $40 million.

For earnings history and earnings-related data on Mission Produce (AVO) click here.