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Mission Produce Inc (AVO) |
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Price: $13.1000
$0.11 
0.847%
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| Day's High:
| $13.27
| Week Perf:
| -0.98 %
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| Day's Low: |
$ 12.86 |
30 Day Perf: |
26.2 % |
| Volume (M): |
800 |
52 Wk High: |
$ 13.45 |
| Volume (M$): |
$ 10,483 |
52 Wk Avg: |
$10.49 |
| Open: |
$12.99 |
52 Wk Low: |
$8.19 |
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| Market Capitalization (Millions $) |
956 |
| Shares
Outstanding (Millions) |
73 |
| Employees |
2,800 |
| Revenues (TTM) (Millions $) |
1,137 |
| Net Income (TTM) (Millions $) |
27 |
| Cash Flow (TTM) (Millions $) |
25 |
| Capital Exp. (TTM) (Millions $) |
28 |
Mission Produce Inc
Serving retail, wholesale, and foodservice clients, Mission Produce, Inc. is a global leader in sourcing, manufacturing, and distributing fresh avocados.
We have two reporting segments in addition to our operational segments:
Fruit is largely sourced from growers and then distributed through our global distribution network by Marketing and Distribution.
International Farming owns and runs orchards from which our Marketing and Distribution section purchases the majority of the fruit produced. Farming operations in this section span from growing early-stage plants to harvesting mature trees. During the avocado off-harvest season, the segment also derives service income from packaging and processing for growers of other crops. The International Farming section is mostly based in Peru, with minor enterprises sprouting up in other Latin American countries.
Company Address: 2710 Camino Del Sol Oxnard 93030 CA
Company Phone Number: 981-3650 Stock Exchange / Ticker: NASDAQ AVO
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Customers Net Income fell by |
AVO's Customers Net Profit Margin fell to |
-40.41 % |
2.78 %
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| Stock Performances by Major Competitors |
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| Mission Produce Inc
The Dark Side of Mission Produce Inc: A Bearish Perspective on Recent Growth
In a market landscape where agricultural production companies find themselves grappling with a substantial decline in revenues?averaging a staggering -13.65%?the recent announcement from Mission Produce Inc. about its remarkable financial performance might appear to be a beacon of hope. However, a deeper inspection into the company's condition raises significant concerns regarding its sustainability, share performance, and overall market position. This article will explore the bearish aspects behind the seemingly stellar growth posted by the company between May to July 31, 2024, culminating in the conclusion that investors should tread carefully.
Discrepancy in Industry Performance
While it's true that Mission Produce Inc. reported a notable 88.89% increase in earnings per share year-over-year, bringing it to $0.17, and revenue growth of 23.948% to $324 million, these figures stand in stark contrast to an industry that is suffering. The entire agricultural production sector is facing major headwinds, evidenced by the aforementioned -13.65% revenue plunge. The anemic performance of the broader industry raises critical questions about the sustainability of Mission?s growth trajectory and whether it can withstand industry pressures. Investors need to consider that a single company outperforming a struggling sector often indicates an underlying anomaly or potential volatility that may not last.
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| Mission Produce Inc
Mission Produce Inc Faces Challenges Despite Revenue Growth and Profitability Improvement
Mission Produce Inc, a prominent player in the Agricultural Production sector, released its financial results for the fiscal time-frame ending April 30, 2024. While the company may have posted positive profitability and revenue growth, a closer analysis reveals underlying concerns and challenges that may hinder its long-term growth prospects.
For the fiscal year ending April 30, 2024, Mission Produce Inc reported a profitability of $0.10 per share, a significant improvement from the previous year's loss of $-0.07 per share. However, it should be noted that during the preceding reporting season, the company's earnings per share were merely breakeven at $0.00 per share. This indicates a lack of consistent profit generation, raising doubts about the sustainability of the current positive earnings.
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| Mission Produce Inc
Mission Produce Inc, a global leader in the agricultural production industry, has recently released its financial results for the fiscal fourth quarter ending on October 31, 2023. Despite facing a decline in revenue and income compared to the previous quarter, the company has seen an overall improvement in profitability and earnings per share. This article will delve into the financial statistics, shedding light on Mission Produce Inc's performance, future forecasts, and market trends.
Key Facts:
1. Revenue Growth: Mission Produce Inc witnessed a positive 8.109% year-on-year revenue increase, accumulating $257.30 million in the financial interval closing October 31, 2023. This growth has allowed the company to regain profitability and record earnings per share of $0.06.
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| Mission Produce Inc
Mission Produce Inc, a leading player in the produce industry, recently released its financial results for the fiscal span closing July 31, 2023. While the numbers may look bleak at first glance, a closer examination reveals promising signs for the company's future.
In terms of earnings per share, Mission Produce Inc experienced a significant decline of -65.38% to $0.09 per share compared to $0.26 per share a year ago. However, it is important to note that the company managed to turn its earnings per share from a negative value to a positive one, as it improved from $-0.07 per share from the previous reporting season. This indicates that Mission Produce Inc has taken the necessary steps to enhance its profitability.
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| Mission Produce Inc
Mission Produce Inc has been operating in the global produce market for over three decades now. It is a leading distributor of avocados and other premium quality fruits, serving customers across North America, Europe, and Asia. The company is headquartered in California, and its operations span across 11 countries worldwide. The firm focuses on providing high-quality fruits, maintaining an efficient supply chain, and establishing long-lasting relationships with growers and customers.
However, the Q2 2023 financial report revealed weak demand for Mission Produce Inc's products, leading to a significant drop in revenue by 20.496% to $221.10 million from $278.10 million a year ago. The net deficit per share grew to $-0.07 from $0.03 in the same period, while the company incurred a net shortfall of $-4.700 million instead of a net income of $2.400 million in the corresponding period a year before. This was a significant blow to the company's financial structure, considering the profit-led growth strategy followed by Mission Produce Inc until now.
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| Per Share |
Current |
| Earnings (TTM) |
0.33 $ |
| Revenues (TTM) |
15.59 $
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| Cash Flow (TTM) |
0.34 $ |
| Cash |
0.68 $
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| Book Value |
7.59 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
0.33 $
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| Revenues (TTM) |
15.59 $ |
| Cash Flow (TTM) |
0.34 $ |
| Cash |
0.68 $
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| Book Value |
7.59 $ |
| Dividend (TTM) |
0 $ |
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| United States |
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 83.43 % |
of total Revenue |
| Rest of world |
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16.57 % |
of total Revenue |
| Avocado |
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94.72 % |
of total Revenue |
| Blueberry |
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0.49 % |
of total Revenue |
| Mango |
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4.29 % |
of total Revenue |
| Other |
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0.49 % |
of total Revenue |
| Marketing and Distribution |
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99.17 % |
of total Revenue |
| International Farming |
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0.34 % |
of total Revenue |
| Blueberries |
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0.49 % |
of total Revenue |
| segment |
|
108.12 % |
of total Revenue |
| Marketing and Distribution |
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99.17 % |
of total Revenue |
| International Farming |
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8.46 % |
of total Revenue |
| Blueberries |
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0.49 % |
of total Revenue |
| Third party sales |
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100 % |
of total Revenue |
| Third party sales Marketing and Distribution |
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99.17 % |
of total Revenue |
| Third party sales International Farming |
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0.34 % |
of total Revenue |
| Third party sales Blueberries |
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0.49 % |
of total Revenue |
| Affiliated sales |
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8.12 % |
of total Revenue |
| Affiliated sales International Farming |
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8.12 % |
of total Revenue |
| Intercompany eliminations |
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-8.12 % |
of total Revenue |
| Intercompany eliminations International Farming |
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-8.12 % |
of total Revenue |
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7.41% 