European Investor
09 Sep 2026, 09:24
Mission Produce Stock Rises 5.5% Premarket as Revenue Jumps and Calavo Synergies Increase
Mission Produce (NASDAQ: AVO) shares rose about 5.5% in premarket trading Wednesday after the avocado producer reported strong fiscal third-quarter revenue growth, better-than-expected adjusted EBITDA and raised its expected synergies from the Calavo acquisition.
Third-quarter revenue jumped 26% year over year to $450 million, driven by a 38% increase in avocado volumes, partly offset by a 9% decline in per-unit avocado prices. Adjusted EBITDA reached $32.4 million, exceeding management’s expectations.
The company reported a GAAP net loss of $6.5 million, or $0.08 per share, compared with net income of $14.7 million a year earlier. However, the quarter included $25.4 million of pre-tax costs related to the Calavo acquisition. Adjusted net income was $15 million, or $0.18 per share.
A key positive was the integration of Calavo Growers. Mission raised its estimated annualized synergy opportunity to more than $30 million, citing higher-than-expected SG&A savings and network efficiencies.
Mission also reaffirmed its fiscal second-half adjusted EBITDA outlook of $84 million to $88 million. Following the Q3 performance, the company expects fourth-quarter adjusted EBITDA of approximately $52 million to $55 million, supported by a full quarter of Calavo, later sales from its Peru avocado harvest, increased blueberry volumes and improving avocado margins.
The 5.5% premarket gain suggests investors are focusing on Mission’s strong volume growth, better-than-expected operating performance and increased expectations for value creation from the Calavo acquisition.
Mission Produce (NASDAQ: AVO) shares rose about 5.5% in premarket trading Wednesday after the avocado producer reported strong fiscal third-quarter revenue growth, better-than-expected adjusted EBITDA and raised its expected synergies from the Calavo acquisition.
Third-quarter revenue jumped 26% year over year to $450 million, driven by a 38% increase in avocado volumes, partly offset by a 9% decline in per-unit avocado prices. Adjusted EBITDA reached $32.4 million, exceeding management’s expectations.
The company reported a GAAP net loss of $6.5 million, or $0.08 per share, compared with net income of $14.7 million a year earlier. However, the quarter included $25.4 million of pre-tax costs related to the Calavo acquisition. Adjusted net income was $15 million, or $0.18 per share.
A key positive was the integration of Calavo Growers. Mission raised its estimated annualized synergy opportunity to more than $30 million, citing higher-than-expected SG&A savings and network efficiencies.
Mission also reaffirmed its fiscal second-half adjusted EBITDA outlook of $84 million to $88 million. Following the Q3 performance, the company expects fourth-quarter adjusted EBITDA of approximately $52 million to $55 million, supported by a full quarter of Calavo, later sales from its Peru avocado harvest, increased blueberry volumes and improving avocado margins.
The 5.5% premarket gain suggests investors are focusing on Mission’s strong volume growth, better-than-expected operating performance and increased expectations for value creation from the Calavo acquisition.
