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Mission Produce Inc   (AVO)
Other Ticker:  
 
 
Price: $11.9600 $-0.11 -0.911%
Day's High: $12.19 Week Perf: -0.33 %
Day's Low: $ 11.42 30 Day Perf: 11.99 %
Volume (M): 244 52 Wk High: $ 13.99
Volume (M$): $ 2,919 52 Wk Avg: $10.56
Open: $12.00 52 Wk Low: $8.19



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 2,800
 Revenues (TTM) (Millions $) 999
 Net Income (TTM) (Millions $) 10
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 42

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
   


Customers Net Income fell by AVO's Customers Net Profit Margin fell to

-81.6 %

1.46 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ALCO        2.03% 
CVGW   -2.8%    
FDP   -0.65%    
LMNR        3.77% 
• View Complete Report
   



Mission Produce Inc

Mission Produce Inc: Achieving Remarkable Profitability and Earnings Growth Amidst Revenue Decline



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.

Mission Produce Inc

Defying Odds to Secure a Promising Future

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.

Mission Produce Inc

2023 Q2 Results Reveal Significant Revenue Decline for Agricultural Production Companies; Mission Produce Inc Reports Net Deficit Expansion Amid Weak Demand

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.






 

Mission Produce Inc's Segments
 
 
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