revenue $278.6M, net income -$700,000. Mission Produce announces Calavo acquisition, posts Q1 loss on deal costs

Filed March 12, 2026 · Period ending January 31, 2026 · Compared to 10-Q Mar 10, 2025 · ~2 min read

Key Changes

• high

  Mission agreed to acquire Calavo Growers for ~$490M in cash and stock, financing through $250M new term loans, $50M revolver increase, equity. Transaction expands North American avocado supply and adds prepared foods business. Expected to close Q3 2026.

  MD&A: Calavo Acquisition verify on EDGAR →
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  Company reported $0.7M net loss profit prior year, driven entirely by $7M in Calavo transaction costs (legal, diligence, advisory fees). Underlying operations remained profitable with flat gross profit despite 17% revenue decline.

  MD&A: Transaction Costs verify on EDGAR →
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  Revenue fell 17% as Mexican avocado oversupply drove price decline, partially offset by 14% volume growth. Complete reversal from prior year's supply-constrained revenue growth with price increases.

  MD&A: Revenue Dynamics verify on EDGAR →