Latest news with #MissionProduce
Globe and Mail
2 days ago
- Business
- Globe and Mail
Mission Produce® Appoints Laura Flanagan to Board of Directors
OXNARD, Calif., June 30, 2025 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ: AVO) ('Mission' or 'the Company'), a world leader in sourcing, producing, and distributing fresh Hass avocados, today announced the appointment of Laura Flanagan to its board of directors, effective June 30, 2025. Flanagan is appointed as an independent Class III director with a term expiring at the Company's 2026 Annual Meeting of Stockholders. In connection with this appointment, Mission Produce's board of directors has increased the size of the board from nine to ten directors. Flanagan is a highly accomplished executive with over 25 years of leadership experience driving growth and innovation across the food and beverage industry. With deep expertise in strategic growth, marketing, supply chain efficiency, and cross-functional team development, Flanagan has a proven ability to lead organizations through complex challenges while delivering measurable improvements in revenue, profitability, and market share. Flanagan most recently served as the Chief Executive Officer (CEO) and board member of Ripple Foods, a leader in plant-based dairy alternatives. During her tenure, she drove significant improvements to the company's revenue and profitability, as well as led the launch of a category-leading innovation platform. Prior to Ripple, she was the CEO of Foster Farms, the largest branded poultry producer in the western United States, where she led meaningful growth in company performance and market share. Earlier in her career, she held leadership roles at ConAgra Brands, PepsiCo, and General Mills. 'We warmly welcome Laura to the board of Mission Produce,' said Steve Barnard, CEO of Mission Produce. 'Laura's extensive leadership experience across the food and beverage industry, combined with her proven ability to drive innovation, operational excellence, and strategic growth, make her a strong addition to our board. Her insights will be instrumental as we continue to expand our global presence and pursue new opportunities to deliver value to our customers and shareholders.' 'I'm honored to join the board of Mission Produce,' said Flanagan. 'Mission's commitment to quality, innovation, and global expansion aligns closely with values I've championed throughout my career. I look forward to supporting the Company's vision, strategic initiatives and long-term growth in the worldwide fresh produce industry.' Flanagan currently serves on the board of Performance Food Group (NYSE: PFGC) and previously held board roles at TopGolf Callaway Brands (NYSE: MODG) and Core-Mark International. She holds an MBA from Stanford Graduate School of Business and a Bachelor of Science in Engineering from Case Western Reserve University. She also holds a certificate for Accountability and Effectiveness in the Boardroom from the Kellogg Graduate School of Management. About Mission Produce, Inc.: Mission Produce (Nasdaq: AVO) is a global leader in the worldwide fresh produce business, delivering fresh Hass avocados and mangos to retail, wholesale and foodservice customers in over 25 countries. Since 1983, Mission Produce has been sourcing, producing and distributing fresh Hass avocados, and today also markets mangos and grows blueberries as part of its diversified portfolio. The Company is vertically integrated and owns five state-of-the-art packing facilities across the U.S., Mexico, Peru, and Guatemala. With sourcing capabilities across 20+ premium growing regions, the company provides a year-round supply of premium fresh fruit. Mission's global distribution network includes strategically positioned forward distribution centers across key markets throughout North America, China, Europe, and the UK, offering value-added services such as ripening, bagging, custom packing and logistical management. For more information, please visit Forward-Looking Statements Statements in this press release that are not historical in nature are forward-looking statements that, within the meaning of the federal securities laws, including the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, involve known and unknown risks and uncertainties. Words such as "may", "will", "expect", "intend", "plan", "believe", "seek", "could", "estimate", "judgment", "targeting", "should", "anticipate", "goal" and variations of these words and similar expressions, are also intended to identify forward-looking statements. The forward-looking statements in this press release address a variety of subjects, including statements about our short-term and long-term assumptions, goals and targets. Many of these assumptions relate to matters that are beyond our control and changing rapidly. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurances that our expectations will be attained. Readers are cautioned that actual results could differ materially from those implied by such forward-looking statements due to a variety of factors, including: reliance on primarily one main product, limitations regarding the supply of fruit, either through purchasing or growing; fluctuations in the market price of fruit; increasing competition; risks associated with doing business internationally, including Mexican and Peruvian economic, political and/or societal conditions; inflationary pressures; establishment of sales channels and geographic markets; loss of one or more of our largest customers; general economic conditions or downturns; supply chain failures or disruptions; disruption to the supply of reliable and cost-effective transportation; failure to recruit or retain employees, poor employee relations, and/or ineffective organizational structure; inherent farming risks, including climate change; seasonality in operating results; failures associated with information technology infrastructure, system security and cyber risks; new and changing privacy laws and our compliance with such laws; food safety events and recalls; failure to comply with laws and regulations; changes to trade policy and/or export/import laws and regulations; risks from business acquisitions, if any; lack of or failure of infrastructure; material litigation or governmental inquiries/actions; failure to maintain or protect our brand; changes in tax rates or international tax legislation; risks associated with global conflicts; inability to accurately forecast future performance; the viability of an active, liquid, and orderly market for our common stock; volatility in the trading price of our common stock; concentration of control in our executive officers, and directors over matters submitted to stockholders for approval; limited sources of capital appreciation; significant costs associated with being a public company and the allocation of significant management resources thereto; reliance on analyst reports; failure to maintain proper and effective internal control over financial reporting; restrictions on takeover attempts in our charter documents and under Delaware law; the selection of Delaware as the exclusive forum for substantially all disputes between us and our stockholders; risks related to restrictive covenants under our credit facility, which could affect our flexibility to fund ongoing operations, uses of capital and strategic initiatives, and, if we are unable to maintain compliance with such covenants, lead to significant challenges in meeting our liquidity requirements and acceleration of our debt; and other risks and factors discussed from time to time in our Annual and Quarterly Reports on Forms 10-K and 10-Q and in our other filings with the Securities and Exchange Commission. You can obtain copies of our SEC filings on the SEC's website at The forward-looking statements contained in this press release are made as of the date hereof and the Corporation does not intend to, nor does it assume any obligation to, update or supplement any forward-looking statements after the date hereof to reflect actual results or future events or circumstances.
Yahoo
11-06-2025
- Business
- Yahoo
Can Mission Produce Stay Ripe Amid Avocado Price Volatility?
Mission Produce, Inc. AVO, one of the world's leading avocado suppliers, has developed a resilient strategy to navigate the ongoing volatility in avocado pricing. Central to its approach is vertical integration — owning or controlling multiple stages of the supply chain from sourcing to ripening and distribution. This model allows the company to adapt quickly to market fluctuations, manage costs more effectively and ensure consistent supply to key retail and foodservice partners. Mission Produce also emphasizes geographic diversification in sourcing avocados. Apart from its key Mexico market, the company also sources avocados from Peru, Colombia and Guatemala, which helps in mitigating region-specific risks and stabilizing demand remains strong globally, with consumption still growing in North America and increasing rapidly in markets like Europe and Asia. Mission Produce is capitalizing on this trend by strengthening its global distribution network and expanding its presence in high-growth international markets. Operationally, the company has focused on enhancing productivity across its packing and ripening facilities, optimizing logistics and leveraging data analytics to manage inventory and forecast demand more accurately. These operational efficiencies are essential, especially in seasons with tight supply or shifting trade dynamics, such as disruptions in the Mexican supply chain or currency ahead, Mission Produce is investing in innovation to stay ahead of market challenges. The company continues to advance its proprietary ripening technology, aiming to deliver consistent, ready-to-eat avocados with minimal waste. It is also exploring value-added products and sustainable packaging solutions to meet evolving consumer preferences. While price volatility will remain a concern, Mission Produce's diversified sourcing, innovation focus and commitment to efficiency position it well to maintain its leadership in the global avocado market. Calavo Growers, Inc. CVGW has sharpened its focus on agile pricing and supply-chain strength to compete closely with Mission Produce in navigating avocado price swings. Calavo Growers has intensified its focus on vertically integrating operations and enhancing its procurement flexibility by expanding sourcing beyond Mexico into California and other Latin American regions. This helps Calavo Growers stabilize supply and manage input costs more effectively amid fluctuating market conditions. As a direct competitor to Mission Produce, Calavo Growers' blend of pricing discipline, diversified sourcing, operational control and strategic capital deployment positions it to capture consistent value in fluctuating avocado markets, making it a neighbor to Del Monte Produce Inc. FDP is a major global player in fresh and fresh-cut produce, including avocados. Its strategy hinges on a vertically integrated supply chain and diversification across a wide range of fruit categories. Fresh Del Monte sources avocados from multiple countries (Mexico, Peru, Colombia) and distributes them globally, leveraging advanced ripening facilities and logistics networks. The company is also investing in agri-tech, such as AI-driven crop forecasting and sustainable farming practices. With its scale, global footprint and brand recognition, Fresh Del Monte poses a competitive threat to Mission Produce, particularly in international markets and foodservice channels. Shares of Mission Produce have lost around 20% year to date against the industry's growth of 7.6%. Image Source: Zacks Investment ResearchFrom a valuation standpoint, AVO trades at a forward price-to-earnings ratio of 23.88X, significantly above the industry's average of 16.07X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for AVO's fiscal 2025 earnings implies a year-over-year decline of 32.4%, whereas its fiscal 2026 earnings estimate suggests a year-over-year decline of 6%. The estimates for fiscal 2025 and 2026 have been unchanged in the past 30 days. Image Source: Zacks Investment Research AVO stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fresh Del Monte Produce, Inc. (FDP) : Free Stock Analysis Report Calavo Growers, Inc. (CVGW) : Free Stock Analysis Report Mission Produce, Inc. (AVO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-06-2025
- Business
- Yahoo
Calavo (CVGW) To Report Earnings Tomorrow: Here Is What To Expect
Fresh produce company Calavo Growers (NASDAQ:CVGW) will be announcing earnings results tomorrow after market hours. Here's what to look for. Calavo missed analysts' revenue expectations by 4.4% last quarter, reporting revenues of $154.4 million, up 21% year on year. It was a slower quarter for the company, with a miss of analysts' gross margin estimates and a slight miss of analysts' EBITDA estimates. Is Calavo a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Calavo's revenue to grow 4.5% year on year to $192.8 million, slowing from the 16.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.53 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Calavo has missed Wall Street's revenue estimates five times over the last two years. Looking at Calavo's peers in the perishable food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Mission Produce delivered year-on-year revenue growth of 27.8%, beating analysts' expectations by 28.4%, and Vital Farms reported revenues up 9.6%, in line with consensus estimates. Mission Produce traded up 4.6% following the results while Vital Farms was down 6.1%. Read our full analysis of Mission Produce's results here and Vital Farms's results here. Investors in the perishable food segment have had steady hands going into earnings, with share prices flat over the last month. Calavo is up 5.9% during the same time and is heading into earnings with an average analyst price target of $35 (compared to the current share price of $27.61). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-06-2025
- Business
- Yahoo
Mission Produce, Offerpad, Marvell Technology, Designer Brands, and Hain Celestial Stocks Trade Up, What You Need To Know
A number of stocks jumped in the afternoon session after the major indices rebounded, as the Bureau of Labor Statistics report revealed a resilient labor market with non-farm payrolls rising by 139,000 in May 2025, significantly above the consensus forecast of 125,000. Notably, a stable labor market often supports consumer spending, which is a key driver of economic growth, which means the report could help ease some of the recession fears that gripped markets. The data also supports the soft landing narrative, where the Fed can manage inflation toward its 2% target without significant damage to the economy. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Perishable Food company Mission Produce (NASDAQ:AVO) jumped 5.1%. Is now the time to buy Mission Produce? Access our full analysis report here, it's free. Real Estate Services company Offerpad (NYSE:OPAD) jumped 5.1%. Is now the time to buy Offerpad? Access our full analysis report here, it's free. Semiconductor Manufacturing company Marvell Technology (NASDAQ:MRVL) jumped 5.6%. Is now the time to buy Marvell Technology? Access our full analysis report here, it's free. Footwear Retailer company Designer Brands (NYSE:DBI) jumped 5.2%. Is now the time to buy Designer Brands? Access our full analysis report here, it's free. Shelf-Stable Food company Hain Celestial (NASDAQ:HAIN) jumped 6%. Is now the time to buy Hain Celestial? Access our full analysis report here, it's free. Hain Celestial's shares are extremely volatile and have had 47 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 10 days ago when the stock gained 5.9% on the news that the major indices rebounded (Nasdaq +2.0%, S&P 500 +1.5%) as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025. Companies with substantial business ties to Europe likely had some relief as the delay reduced near-term cost pressures and preserved cross-border demand. Hain Celestial is down 70.5% since the beginning of the year, and at $1.77 per share, it is trading 80.5% below its 52-week high of $9.09 from October 2024. Investors who bought $1,000 worth of Hain Celestial's shares 5 years ago would now be looking at an investment worth $56.68. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Sign in to access your portfolio
Yahoo
06-06-2025
- Business
- Yahoo
Mission Produce, Offerpad, Marvell Technology, Designer Brands, and Hain Celestial Stocks Trade Up, What You Need To Know
A number of stocks jumped in the afternoon session after the major indices rebounded, as the Bureau of Labor Statistics report revealed a resilient labor market with non-farm payrolls rising by 139,000 in May 2025, significantly above the consensus forecast of 125,000. Notably, a stable labor market often supports consumer spending, which is a key driver of economic growth, which means the report could help ease some of the recession fears that gripped markets. The data also supports the soft landing narrative, where the Fed can manage inflation toward its 2% target without significant damage to the economy. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Perishable Food company Mission Produce (NASDAQ:AVO) jumped 5.1%. Is now the time to buy Mission Produce? Access our full analysis report here, it's free. Real Estate Services company Offerpad (NYSE:OPAD) jumped 5.1%. Is now the time to buy Offerpad? Access our full analysis report here, it's free. Semiconductor Manufacturing company Marvell Technology (NASDAQ:MRVL) jumped 5.6%. Is now the time to buy Marvell Technology? Access our full analysis report here, it's free. Footwear Retailer company Designer Brands (NYSE:DBI) jumped 5.2%. Is now the time to buy Designer Brands? Access our full analysis report here, it's free. Shelf-Stable Food company Hain Celestial (NASDAQ:HAIN) jumped 6%. Is now the time to buy Hain Celestial? Access our full analysis report here, it's free. Hain Celestial's shares are extremely volatile and have had 47 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 10 days ago when the stock gained 5.9% on the news that the major indices rebounded (Nasdaq +2.0%, S&P 500 +1.5%) as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025. Companies with substantial business ties to Europe likely had some relief as the delay reduced near-term cost pressures and preserved cross-border demand. Hain Celestial is down 70.5% since the beginning of the year, and at $1.77 per share, it is trading 80.5% below its 52-week high of $9.09 from October 2024. Investors who bought $1,000 worth of Hain Celestial's shares 5 years ago would now be looking at an investment worth $56.68. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Sign in to access your portfolio
