Mission Produce Reports 13% Revenue Growth to $1.39 Billion for Fiscal Year Ending October 31, 2025

Mission Produce, Inc. reported a significant increase in its financial performance for the fiscal year ending October 31, 2025, with net sales reaching $1.39 billion, a 13% increase from $1.23 billion in the previous year. The growth was primarily driven by a 7% increase in avocado volume sold within the Marketing & Distribution segment, which accounted for $1.27 billion of total sales. The International Farming segment also saw increased sales, attributed to higher volumes of avocados sold directly to customers, while the Blueberries segment contributed $93.1 million, reflecting a 23% increase from the prior year.

Despite the revenue growth, the company's gross profit increased by only $8.2 million to $160.7 million, resulting in a gross profit margin decrease to 11.6% from 12.4% in the previous year. This decline was influenced by lower per-unit margins in the Marketing & Distribution segment, which faced challenges including $2.7 million in charges related to the closure of Canadian distribution centers and $1.1 million in tariffs on goods imported from Mexico. Operating income remained relatively stable at $65.2 million, slightly down from $65.7 million in 2024.

Strategically, Mission Produce has made significant operational adjustments, including the closure of its Canadian distribution centers, which resulted in a one-time charge but allowed for the absorption of volume by other facilities. The company continues to focus on its core avocado business while also expanding its blueberry operations, which have shown promising growth due to increased acreage and improved yields. As of October 31, 2025, the company employed approximately 3,800 individuals globally, with a notable concentration in Peru and Mexico.

Looking ahead, Mission Produce anticipates continued growth driven by favorable weather conditions and increased avocado production, particularly from its international farming operations in Peru and Guatemala. However, the company remains cautious about potential risks, including fluctuations in market prices, supply chain disruptions, and regulatory changes affecting its operations. The company has also indicated plans for capital expenditures of approximately $40 million in fiscal 2026, primarily focused on farming expansion and facility improvements.

Overall, while Mission Produce has demonstrated solid revenue growth and operational resilience, it faces ongoing challenges that could impact its profitability and market position in the competitive avocado industry. The company’s ability to navigate these challenges will be critical as it seeks to maintain its leadership in the global avocado market.