Mission Produce Inc
missionproduce.comMission Produce Inc (NASDAQ: AVO) is a fresh produce company that sources, packs, and distributes avocados and blueberries across North America, Europe, and Latin America. Revenue comes from three segments: Marketing & Distribution, which sells and distributes avocados and other fresh produce to retail and foodservice customers; International Farming, which grows avocados on owned and leased land in Peru and Guatemala; and Blueberries, which farms and harvests blueberries primarily in Peru. For FY2025 (year ended October 31, 2025), total net sales were $1.39 billion, with Marketing & Distribution contributing $1.27 billion (91.6%), Blueberries $93.1 million (6.7%), and International Farming $23.8 million (1.7%). Gross profit margin was 11.6% in FY2025. The company is headquartered in Oxnard, California and operates distribution and packing facilities across the U.S., U.K., Mexico, and Peru, with approximately 16,200 plantable acres of agricultural land under farming operations as of October 31, 2025.
Products & Services
Fresh avocados (primary product), fresh blueberries, and other fresh produce items sourced and distributed through a network of owned and leased packing and distribution facilities. The company also operates avocado and blueberry farms in Peru and Guatemala.
Revenue Model
Transactional sales of fresh avocados and blueberries through three segments: Marketing & Distribution (sourcing, packing, and distributing to retail and foodservice customers), International Farming (growing and selling avocados), and Blueberries (farming and selling blueberries to a single distributor under an exclusive marketing agreement). Revenue is recognized on product sales; gross profit margin was 11.6% in FY2025 and 12.4% in FY2024.
Customers & Markets
Retail grocers and foodservice operators in North America and the U.K. The Blueberries segment sells substantially all production to a single distributor under an exclusive marketing agreement. Customer concentration beyond this single blueberry distributor is not disclosed in the filing excerpts.
Geographic Exposure
Primary operations in the United States, with farming in Peru and Guatemala, packing in Mexico and Peru, and distribution in the U.K. The company closed its Canadian distribution centers during Q1 FY2025, recognizing approximately $2.7 million in related charges.
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