Mission Produce, Inc. 2Q 2026: Revenue $290.9M, EPS ($0.1) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Mission Produce reported Q2 2026 revenue of $290.9M, a net loss of $7.4M, and diluted EPS of ($0.1). Results reflect lower avocado prices offsetting higher volumes. The company completed its acquisition of Calavo in May 2026. Marketing & Distribution shifted to operating losses due to compressed margins, while International Farming faced higher production costs.
Mission Produce, Inc. reported second-quarter 2026 results with revenue of $290.9M, a net loss of ($7.4M) and diluted EPS of ($0.1), reflecting lower avocado prices that more than offset higher volumes versus the year-ago quarter.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $290.9M | $380.3M | (23.5%) |
| Net income² | ($7.4M) | $3M | (346.7%) |
| Diluted EPS³ | ($0.1) | $0.04 | (350%) |
¹ Reported as “Net sales”. ² Reported as “Net (loss) income”. ³ Reported as “income per share attributable to Mission Produce”.
Business Highlights
- Acquisition and strategic expansion: Completed acquisition of Calavo on May 28, 2026, adding prepared foods capabilities and strengthening North American avocado supply.
- Revenue & channel dynamics: Net sales declined roughly 20–24% YTD/QTD driven by 33–36% lower avocado prices, partially offset by about 14–15% higher avocado volumes sold.
- Segment performance shift: Marketing & Distribution moved to operating losses due to compressed per-unit margins and transaction costs; International Farming and Blueberries experienced higher per-unit production costs.
- Operational capacity & investments: Continued capital projects including orchard development, packhouse construction, expansion of Mexican packing capacity and Peruvian blueberry cultivation.
- Seasonality & supply drivers: Business remains highly seasonal and supply-sensitive; increased Mexican yields pressured prices while Peruvian harvest timing concentrates segment income in the second half of the fiscal year.
Original SEC Filing: Mission Produce, Inc. [ AVO ] - 10-Q - Jun. 08, 2026