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The latest announcement is out from Mission Produce ( (AVO) ).
Mission Produce reported a robust financial performance for its fiscal year 2024, with a 37% increase in fourth-quarter revenue to $354.4 million, largely driven by the Marketing & Distribution segment. The company’s strategic focus on the North American market and strong consumer demand, despite weather-related supply constraints, resulted in improved margins and a significant increase in net income and adjusted EBITDA. The company’s performance demonstrates its resilience and effective operational execution, enhancing its capital structure and market positioning, while also preparing for strategic growth in mangos and blueberries.
More about Mission Produce
Mission Produce, Inc. is a global leader in the avocado industry, specializing in the sourcing, production, and distribution of fresh Hass avocados, with additional offerings in mangos and blueberries. The company leverages a wide global sourcing network to supply consistent year-round produce, focusing on markets in North America and beyond.
YTD Price Performance: 24.88%
Average Trading Volume: 236,622
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $893.5M
See more data about AVO stock on TipRanks’ Stock Analysis page.
