Mission Produce Posts Volume-Led Q1 Gains as CEO Transition Nears

Overview

• Avocado volumes rose 14% in Q1 as commercial teams drove growth and improved per‑unit margins.
• Gross margin expanded versus the prior year, and adjusted EBITDA increased.
• Headline revenue was pressured by industry pricing normalization that the company says is outside its control.
• The leadership change becomes official at next month’s annual meeting, with Steve Barnard moving to Executive Chairman and John Pawlowski becoming CEO.
• Management highlighted the pending Calavo acquisition announced in January as a key element of its strategic positioning.