Mission Produce, Inc. Provides Production Guidance for the Fourth Quarter of Fiscal Year 2023
September 11, 2023 at 04:33 pm EDT
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Mission Produce, Inc. provided production guidance for the fourth quarter of fiscal year 2023. For the period, the company expectations for exportable avocado production from Mission's owned farms is now in the range of 105 million to 115 million pounds, which is a decrease from its initial expectations due to the industry conditions.
Mission Produce, Inc. is engaged in the farming, packaging, marketing, and distribution of avocados to food retailers, distributors and produce wholesalers. It operates through three segments: Marketing and Distribution, International Farming, and Blueberries. Its Marketing and Distribution segment sources fruit from growers and then distributes the fruit through its global distribution network. Its International Farming segment owns and operates orchards from which all fruit produced is sold to its Marketing and Distribution segment. Its farming activities range from cultivating early-stage plantings to harvesting from mature trees. Its Blueberries segment is a farming operation that cultivates blueberry plants in Peru. It provides value-added services including ripening, bagging, custom packaging, logistical management, and quality assurance. The Company also provides its customers with merchandising and promotional support, insights on market trends and hands-on training.
MISSION PRODUCE, INC. 
