Mission Produce Q3 topline jumps 26% YoY, adjusted EBITDA beats expectations.

Mission Produce's Q3 FY26 topline surged 26% YoY to $450 million, driven by a 38% volume expansion in avocado sales. However, profitability metrics declined YoY, with adjusted net income down to $15 million and a $0.18 adjusted diluted EPS. The company's adjusted EBITDA guidance for Q4 was set between $52 million to $55 million, with the second half of FY26 expected to range between $84 million to $88 million. The acquisition of Calavo Growers is expected to boost Mission's supply chain and competitive position in the North American avocado market.