AVO Q3 Earnings Beat on Farming Strength and Calavo Contribution
Mission Produce (AVO) reported Q3 fiscal 2026 results with revenues of $450M (up 25.8% YoY) and adjusted EPS of 16 cents, beating consensus estimates. Avocado volume surged 37.7% driven by the Calavo acquisition, but average sales prices fell 9.2% due to elevated industry supply. Gross margins contracted 270 basis points to 9.9%. The company raised its Calavo synergy target to over $30M and guided Q4 adjusted EBITDA of $52M-$55M.