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Calavo and Mission Produce report earnings with expected revenue drops, amid sector weakness and economic concerns.
Calavo (CVGW) and Mission Produce (AVO) are set to report earnings after the market close on Thursday, with both companies expected to see year-on-year revenue declines—24.6% for Calavo and 22% for Mission Produce.
Calavo has missed forecasts for two years, while Mission previously beat expectations despite lower sales.
The perishable food sector has underperformed, down 4.8% on average in the past month, though both stocks have seen modest gains.
Analysts remain cautious, citing economic uncertainty from potential tariffs and tax changes.
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Calavo y Mission Produce informan ganancias con caídas de ingresos esperadas, en medio de la debilidad del sector y preocupaciones económicas.