MAR 12·Stock Titan→
Mission Produce (NASDAQ: AVO) posts Q1 2026 loss while pushing $490M Calavo acquisition
Mission Produce reported a net loss of $0.7 million in Q1 2026, primarily due to $7.0 million in advisory costs related to its pending $490 million acquisition of Calavo Growers. Despite a 17% revenue decline to $278.6 million as avocado prices dropped, the company achieved 14% volume growth and an improved gross margin, leading to a 5% increase in adjusted EBITDA to $18.5 million. The Calavo merger is expected to close in Q3 2026, bringing anticipated annual synergies of at least $25 million and expanding Mission Produce's product portfolio.
JAN 22·MarketBeat▲
Holdings Venture Globalharvest Purchases 300,000 Shares of Mission Produce (NASDAQ:AVO) Stock
Holdings Venture Globalharvest recently purchased 300,000 shares of Mission Produce (NASDAQ:AVO) for $3.75 million on January 20th, increasing its direct stake to over 9.46 million shares. This latest transaction follows several other significant purchases made by the firm throughout January and late December. Mission Produce's stock reacted positively, rising 4.5%, despite mixed financial results where quarterly EPS missed estimates but revenue exceeded them.
