Mission Produce, Inc. Reports Earnings Results for the Fourth Quarter Ended October 31, 2023
December 21, 2023 at 04:05 pm EST
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Mission Produce, Inc. reported earnings results for the fourth quarter ended October 31, 2023. For the fourth quarter, the company reported sales was USD 257.9 million compared to USD 238 million a year ago. Net income was USD 4 million compared to net loss of USD 42 million a year ago.
Basic earnings per share from continuing operations was USD 0.06 compared to basic loss per share from continuing operations of USD 0.59 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to diluted loss per share from continuing operations of USD 0.59 a year ago.
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. 
