NASDAQ$AVO
Mission Produce Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Mission Produce reported a decrease in revenue due to pricing pressure, but increased gross profit and adjusted EBITDA.
Mission Produce reported a 12% decrease in revenue to $173.2 million due to lower average selling prices, but increased gross profit by 17% to $22.7 million and adjusted EBITDA to $12.5 million. Net income was $2.2 million, or $0.03 per diluted share, and adjusted net income was $7.9 million, or $0.11 per diluted share.
- Total revenue decreased by 12% to $173.2 million compared to the same period last year.
- Avocado volume sold increased 7%, while the average selling price decreased 18% compared to the same period last year.
- Gross profit increased 17% to $22.7 million, with a gross profit margin of 13%.
- Adjusted EBITDA increased to $12.5 million, compared to $8.4 million for the same period last year.
Headline financials
Revenue & EPS history
Mission Produce · Revenue · Quarterly
$173M
Revenue by segment
Mission Produce · $173M total across 2 segments · Q1 2021
- Marketing & Distribution$170M-12.8%97.9%
- International Farming$3.6M+20.0%2.1%
Forward guidance
For the second quarter of fiscal year 2021, the Company is providing an update to inform modeling assumptions, but is not providing formal guidance due to the fluidity of the market.
Tailwinds
- Consolidated volume for the second quarter-to-date period through February 2021 is trending up approximately 14% versus prior year.
Headwinds
- Sales prices for the second quarter-to-date period through February 2021 are trending down approximately 20% versus prior year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
-0.8%
Avg return
Earnings day
-1.3%
Avg return
5 days after
-3.4%
Avg return
30 days after
52%
13 / 25 earnings
Positive
+21.1%
Q3 2024
Best reaction
-18.1%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +7.6% | +11.0% | — | |
| Q1 2026 | -8.2% | -5.6% | +11.9% | |
| Q4 2025 | +0.3% | -10.4% | -5.3% | |
| Q3 2025 | +1.7% | -1.0% | -9.0% | |
| Q2 2025 | +0.0% | +1.9% | -3.9% | |
| Q1 2025 | -13.2% | -14.5% | -17.5% | |
| Q4 2024 | +14.7% | +14.2% | -0.9% | |
| Q3 2024 | +21.1% | +22.8% | +14.0% | |
| Q2 2024 | -3.5% | -9.7% | -15.5% | |
| Q1 2024 | +9.0% | +9.6% | +4.1% | |
| Q4 2023 | +10.4% | +14.2% | +8.9% | |
| Q3 2023 | -3.2% | +3.1% | +5.0% | |
| Q2 2023 | +6.4% | -3.1% | -6.0% | |
| Q1 2023 | -5.4% | -4.4% | +0.6% | |
| Q4 2022 | -18.1% | -22.9% | -20.7% | |
| Q3 2022 | +0.3% | -1.1% | -7.3% | |
| Q2 2022 | +5.3% | -0.4% | +4.7% | |
| Q1 2022 | -10.7% | -12.9% | -2.1% | |
| Q4 2021 | -11.0% | -10.9% | -23.8% | |
| Q4 2019 | -11.0% | -10.9% | -23.8% | |
| Q3 2021 | -10.3% | -2.9% | -7.9% | |
| Q3 2020 | -10.3% | -2.9% | -7.9% | |
| Q2 2021 | +3.5% | +2.2% | -5.8% | |
| Q1 2021 | +1.6% | -0.7% | -6.0% | |
| Q4 2020 | +3.8% | +3.6% | +33.1% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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