Mission Produce Beats Wall Street, Despite Sales Dip
Update: 2025-12-18
Description
Mission Produce, a leading avocado company, reported a mixed third-quarter performance for the year 2025. Despite a 10% sales drop to $319 million, they surpassed Wall Streets revenue forecasts. Notably, their non-GAAP profit per share jumped by 31%, significantly higher than analysts expectations. This performance follows a record-breaking year with $1.39 billion in revenue, a 13% increase driven by a 7% rise in avocado volume. The companys strategic approach, including optimized Peruvian production and data-driven decisions, contributed to this growth. However, analysts predict a slower revenue growth of 1.2% over the next year, indicating potential demand challenges. Despite this, Mission Produces stock rose by 3.3% to $13.58 following the positive earnings report.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
