Will Higher Peru Output Strengthen Mission Produce's Outlook?
Mission Produce (AVO) expects record Peru avocado production of 120-130 million pounds in fiscal 2026, up 20% year-over-year, which should improve margins in the second half as supply shifts from Mexico toward Peru and California. The company forecasts second-half adjusted EBITDA of $84-$88 million, though third-quarter prices are expected to decline 15% year-over-year due to increased industry supply.