Mission Produce (NASDAQ: AVO) posts Q1 2026 loss while pushing $490M Calavo acquisition

NodeGuardian · 2026-03-30T08:40:19+00:00

Mission Produce reported a Q1 2026 net loss of $0.7 million due to advisory costs for its $490 million Calavo Growers acquisition. Despite a 17% revenue decline, the company saw volume growth and improved gross margins, with adjusted EBITDA rising 5%. The merger aims to enhance its product portfolio and achieve annual synergies of at least $25 million.

NodeGuardian

2026-03-30 08:40:19

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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.

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