revenue $290.9M, net income -$7.2M. Mission Produce acquires Calavo, enters prepared foods; Q2 loss driven by costs

Filed June 8, 2026 · Period ending April 30, 2026 · Compared to 10-Q Jun 5, 2025 · ~2 min read

Key Changes

• high

  Completed acquisition of Calavo on May 28, 2026, entering prepared foods (guacamole, salsas) and expanding avocado supply across Mexico and California. Funded with in new term loans, in stock. Debt capacity more than doubled.

  MD&A: Calavo Acquisition verify on EDGAR →
• high

  Operating income swung from profit to loss in Q2 2026, driven by transaction advisory costs and lower avocado margins. Adjusted EBITDA (excluding deal costs) fell as oversupply drove 36% price decline despite 15% volume growth.

  MD&A: Operating Results verify on EDGAR →
• high

  Board authorized new stock buyback program on June 3, 2026, replacing prior program with remaining. Fivefold increase signals management confidence in valuation and commitment to capital returns.

  Controls: Stock Repurchase Program verify on EDGAR →