Why Mission Produce Stock Jumped Today [Yahoo! Finance]
Mission Produce, Inc. (AVO)
Company Research
Source: Yahoo! Finance
As of 1:30 p.m. ET, Mission Produce stock was up by a whopping 19.3%. High prices are a good thing for Mission Produce Prices for fresh produce can fluctuate greatly, but prices were working in Mission Produce's favor in its fiscal Q3, which ended July 31. During that period, its revenue was predominately generated by its avocados, and sales volume for those was down 10% year over year, which isn't ideal. But avocado prices were up a whopping 36%, which contributed to a 24% boost in the company's revenue -- a greater gain than expected. Mission Produce's management expects avocado prices to come down in the fourth quarter, although they'll still be higher than in the fourth quarter of last year. This will help boost revenue. Turning from avocados to blueberries, sales volume is expected to grow but prices will be lower, which means blueberries likely won't contribute to revenue growth. Still, higher prices for avocados were enough to keep investors optimistic about Mission Pro
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AVO
News
- Mission Produce to Participate in the Stephens Annual Investment ConferenceGlobeNewswire
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- Target's and Hershey's have been highlighted as Zacks Bull and Bear of the Day [Yahoo! Finance]Yahoo! Finance
- Is Mission Produce, Inc. (AVO) the Best Vegan Stock to Buy According to Hedge Funds? [Yahoo! Finance]Yahoo! Finance
AVO
Earnings
- 9/9/24 - Beat
AVO
Sec Filings
- 11/13/24 - Form 8-K
- 11/8/24 - Form SC
- 11/7/24 - Form 144
- AVO's page on the SEC website