Mission Produce, Inc.
Mission Produce, Inc. farms, packs, markets, and distributes avocados, with a smaller blueberry business and limited other fruit activities. The company operates a vertically integrated supply chain that spans owned orchards, third-party sourcing, packing facilities, ripening, and global distribution to retail, wholesale, and foodservice customers.
Tilikausi 2025 · muutos edellisvuodesta
Kehitys 2020–2025
Liiketoiminta
Osuus liikevaihdostaSourcing fruit from growers and distributing avocados through the global network.
Owned orchards in Peru and Guatemala that produce avocados and some other crops, plus packing/processing services.
Cultivation and harvesting of blueberries, with substantially all output sold under an exclusive marketing agreement.
Ripening, bagging, custom packaging, merchandising support, and logistical management tied to produce distribution.
Tuotteet
Raportoitu · osuus liikevaihdosta- Avocado85,9 %
- Blueberry6,7 %
- Mango6,2 %
- Other1,2 %
Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
Mission Produce sells primarily to retail, wholesale, and foodservice customers that need consistent avocado supply, quality, and on-time delivery. The company also serves third-party growers and produce customers through packing, processing, and distribution services, while its blueberry output is concentrated with a single distributor. Customer relationships are driven by product quality, specification compliance, and supply reliability rather than long-term contracts.
Buy avocados for grocery shelves and value-added packaging; they want consistent quality, shelf life, and promotional support.
Buy in volume for redistribution and need dependable supply, pricing, and logistics across markets.
Buy avocados for restaurants and institutional channels where timing, specification, and continuity matter.
Use the company's packing, processing, and distribution capabilities to move fruit efficiently to market.
Purchases substantially all blueberry production under an exclusive marketing agreement.
Strategia
The company is focused on securing year-round avocado supply through a diversified sourcing base and its own farming assets. It is also investing in orchard development, packhouse capacity, and blueberry land development to expand owned supply and improve control over quality and margins. At the same time, it is rationalizing distribution capacity, as shown by the closure of Canadian facilities, to streamline the network and reduce cost.
Owned orchards improve supply control, support customer commitments, and can lift margins versus pure distribution.
A tighter network lowers cost, improves service levels, and helps absorb volatility in sourcing and freight.
Retail and foodservice customers value reliability, specification compliance, and promotional support.
Maantiede
Q2/2026Mission Produce sources avocados mainly from Mexico, Peru, and California, with additional supply from Colombia, Guatemala, South Africa, Chile, and other locations. Its distribution network spans North America, China, Europe, and the U.K., while farming operations are concentrated in Peru and Guatemala and packing facilities are located in Mexico, Peru, and California. Geography matters because harvest timing, trade policy, freight costs, and local supply disruptions directly affect availability and margins.
Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.
Riskit
Mission Produce is exposed to concentration risk because avocados are its main product and supply is seasonal, weather-sensitive, and dependent on international sourcing. The business also faces trade, logistics, and customer-concentration risk, since margins can move quickly with freight costs, tariffs, supply disruptions, and the loss of large customers or growers. Farming and produce distribution are inherently volatile, so pests, disease, food safety issues, and pricing swings can materially affect results.
- Supply chain disruption and logistics inflationVaikutus: KorkeaTodennäköisyys: Korkea
The company relies on trucking, ocean, air, rail, third-party providers, and cold-chain handling to move perishables.
Kohdistuu - Single-product concentration in avocadosVaikutus: KorkeaTodennäköisyys: Kohtalainen
Most revenue and operating leverage depend on one main crop, so supply or demand shocks hit the whole business.
Kohdistuu - Customer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen
Loss or reduced purchasing by a major customer can quickly reduce sales and profits.
Kohdistuu - Agricultural yield volatilityVaikutus: KorkeaTodennäköisyys: Kohtalainen
Weather, pests, disease, and farm productivity directly affect available volume and unit economics.
Kohdistuu - Trade and tariff exposureVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Cross-border sourcing and distribution can be affected by tariffs and policy changes, as seen with temporary USMCA-related tariffs.
Kohdistuu: Mexico-to-U.S. trade and international sourcing
Kirjanpito
Harkinnanvaraiset erätPeruvian avocado harvest and other crop cycles shift revenue and profitability between quarters, reducing comparability.
Vaikutus: Quarterly gross profit and segment EBITDA can vary materially
Long-term land leases are significant in International Farming and Blueberries, affecting balance sheet liabilities and expense recognition.
Vaikutus: Operating lease liabilities and depreciation/amortization
Impairment testing relies on management forecasts, discount rates, and market multiples, which can change with crop economics.
Vaikutus: Potential non-cash write-downs
Canadian distribution center closures created accelerated depreciation, lease amortization, and severance costs.
Vaikutus: Short-term margin pressure and comparability noise
The syndicated debt facility affects interest expense, covenant monitoring, and liquidity assessment.
Vaikutus: Net leverage and financing flexibility
Samankaltaisia listattuja yhtiöitä
Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.
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Päivitetty: 24.9.2026