Mission Produce Inc

missionproduce.com

What Do They Do?

Sources, grows, packs and distributes avocados for retail, wholesale and foodservice customers.

How Do They Make Money?

Retail, wholesale and foodservice customers buy fresh produce, mainly avocados; a sale is tied to shipment or delivery, depending on the order terms.

revenue

Segment	Share	How money arrives
Blueberry Sold outright	6.7% FY2022: 1.0%	Sold outright
Avocado Sold outright	86% FY2022: 95%	Sold outright
Mango Sold outright	6.2% FY2022: 1.7%	Sold outright
Other Sold outright	1.2% FY2022: 1.8%	Sold outright

Who Are Their Customers?

Markets avocados primarily to retail, wholesale and foodservice customers worldwide, supplying fruit to meet their timing, specifications and volume needs through its global distribution network.

Customers above 10% of revenue, FY2025

of revenue from two customers (19%, 12%)

FY2023: 27% from two customers

Do Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in FY2025 and turned 3 cents into free cash flow.

Operating income, FY2025

5% of revenue

▼ −1% vs FY2024 ($65.7M, 5%)

Net income, FY2025

3% of revenue

▲ +3% vs FY2024 ($36.7M, 3%)

Free cash flow, FY2025

3% of revenue

▼ −39% vs FY2024 ($61.2M, 5%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Jul 31, 2026

Revenue: ▲ +26%; vs $357.7M in Q3 FY2025
Net income: ▼ Now a loss; vs $14.7M in Q3 FY2025

Avocado share of revenue vs 91.4% in Q3 FY2025

Jun 8, 2026 Mission Produce completed its CEO succession John Pawlowski was identified as president and CEO.
May 29, 2026 Mission Produce completed its acquisition of Calavo Calavo brings fresh avocados, tomatoes, papayas and prepared foods such as guacamole into the business.

Growing. Revenue grew 56% in 4 years, from $891.7M in FY2021 to $1.4B in FY2025, about 12% a year.

Mango marketing The business description adds mango marketing alongside avocados, describing mangos as a complementary product that helps keep the distribution network in use between avocado seasons.

Revenue over time

Blueberry Avocado Mango Other

$2B$1B$0

FY2021 FY2022 FY2023 FY2024 FY2025

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