Mission Produce swings to FY26 Q3 net loss of $6.5 million; revenue rises 26% to $450 million
AVO•FY26 Q3 results and guidance
Mission Produce posted revenue of $450 million, up 26% year over year, as avocado volume rose 38%.
Net results swung to a $6.5 million loss, or $(0.08) a share, including $25.4 million in Calavo deal costs.
Adjusted EBITDA held at $32.4 million, edging down from $32.6 million a year earlier.
Management raised its annualized Calavo synergy outlook to more than $30 million on higher SG&A savings and network efficiencies.
Second-half adjusted EBITDA guidance was reaffirmed at $84 million-$88 million, implying $52 million-$55 million for the fourth quarter.
