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Mission Produce reports a 28% revenue jump to $380.3M, despite lower net income, as avocado prices soar.
Mission Produce, a major avocado distributor, saw its revenue climb 28% to $380.3 million in the second quarter of 2025, despite a drop in net income to $3.1 million.
This increase was driven by a 26% rise in avocado prices.
The company repurchased $5.2 million of its stock and expects avocado production to rise by 10-15% in the next quarter, with prices predicted to fall by 10-15%.
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Mission Produce informa un aumento del 28% en los ingresos a $380.3M, a pesar de los ingresos netos más bajos, a medida que los precios del aguacate se disparan.