Mission Produce Outperforms Amidst Soft Produce Demand Amidst Global Oversupply

Mission Produce (AVO) delivered record revenues of $357.7 million in its fiscal third quarter, up 10% YoY, driven by higher avocado volumes and disciplined pricing. The company's vertically integrated model, global sourcing, and farming assets enable it to maintain consistency despite shifting supply-demand dynamics. Despite expected lower pricing in Q4, AVO's investment in operational enhancements, packhouse upgrades, and diversification into mangoes and blueberries positions it well to sustain momentum and outperform competitors.