Mission Produce (AVO) Reports Q4 EPS of $0.24

Mission Produce (NASDAQ: AVO) reported Q4 EPS of $0.24, versus $0.29 reported last year. Revenue for the quarter came in at $237 million, versus $206 million reported last year.

Outlook

For the first quarter of fiscal year 2022, the Company is providing the following industry outlook that will drive performance as the business shifts back to its Marketing & Distribution segment:

• The industry is expecting volumes to be flat to slightly down in the fiscal 2022 first quarter versus the prior year period, primarily due to supply constraints associated with the Mexican harvest.
• Pricing is expected to be relatively steady on a sequential basis, which would imply a year-over-year increase of approximately 40% compared to the $1.04 per pound average experienced in first quarter of fiscal 2021.

For earnings history and earnings-related data on Mission Produce (AVO) click here.

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