Latest news with #AVO
Yahoo
06-06-2025
- Business
- Yahoo
Mission Produce Inc (AVO) Q2 2025 Earnings Call Highlights: Record Revenue Amidst Margin Pressures
Revenue: $380.3 million, an increase of 28% year-over-year. Gross Profit: $28.4 million, down from $31 million in the prior year period. Gross Profit Margin: Decreased 290 basis points to 7.5% of revenue. Adjusted Net Income: $8.7 million or $0.12 per diluted share, compared to $9.8 million or $0.14 per diluted share last year. Adjusted EBITDA: $19.1 million, compared to $20.2 million last year. Marketing & Distribution Segment Sales: $362.5 million, a 26% increase. International Farming Segment Sales: Increased $6.7 million to $8.1 million. Blueberries Segment Sales: Increased 57% to $15.7 million. Cash and Cash Equivalents: $36.7 million as of April 30, 2025. Capital Expenditures: $28 million for the fiscal year-to-date period. Share Repurchases: $5.2 million executed during the second quarter. Warning! GuruFocus has detected 5 Warning Signs with AVO. Release Date: June 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Mission Produce Inc (NASDAQ:AVO) reported record second quarter revenue of $380.3 million, a 28% increase compared to the previous year. The company successfully leveraged its global sourcing network, maintaining strong customer relationships and service levels. Mission Produce Inc (NASDAQ:AVO) expanded its market presence in the UK, leading to higher volumes and significant gains in facility utilization. The Mango business achieved record volumes and significant market share gains, establishing Mission as a leading US distributor. The International Farming segment showed significant EBITDA improvement, turning a historically challenging period into a positive contributor. Gross profit decreased to $28.4 million from $31 million in the prior year, primarily due to lower avocado per unit margins. The company incurred $2.6 million in unique costs, including $1.5 million from the closure of Canadian distribution facilities. Adjusted net income decreased to $8.7 million from $9.8 million in the previous year. SG&A expenses increased by 15%, driven by higher employee-related costs and professional fees. The Marketing & Distribution segment's adjusted EBITDA decreased to $16.8 million from $21.7 million due to lower per unit gross margins. Q: Can you elaborate on the outlook for the International Farming segment, particularly regarding fruit quality and sizing from the Peruvian operations? A: Stephen Barnard, CEO: Fruit quality is expected to be good, with sizing generally favorable. Some blocks may have larger sizes, but they won't significantly impact the business. The production is exceeding expectations, and we are distributing it globally to avoid concentration in any one market. John Pawlowski, President and COO, added that the quality continues to improve as trees mature, and the Peruvian fruit is becoming more normalized in the US market. Q: How did the co-packer volume in the second quarter compare to the first quarter, and are you at normalized levels now? A: John Pawlowski, President and COO: We addressed the challenge by leveraging other source markets like Peru and California, which helped us reach more normalized levels. We are now in a good position with our capacity in Mexico and other sources. Stephen Barnard, CEO, mentioned planning ahead to mitigate potential future constraints. Q: How did the tariff uncertainty impact supplier and customer behavior, and were there any notable changes? A: John Pawlowski, President and COO: Initially, there was some hesitation and holding back of fruit, but by April, suppliers became more comfortable with the situation. The tariffs did not cause significant disruptions, and relationships allowed us to secure product as needed. Bryan Giles, CFO, noted that the impact of tariffs was significant during peak pricing but has since stabilized. Q: What is the current market share of your mango business, and how much can it grow within your current infrastructure? A: Stephen Barnard, CEO: We are the second-largest mango distributor in the US, with market share growing from below 5% to close to 10%. The mango business complements our avocado operations, utilizing existing facilities and customer relationships. John Pawlowski, President and COO, added that there is room for growth as trees mature and productivity increases, with plans to expand grower relationships globally. Q: How did the second quarter's financial performance evolve, particularly regarding co-packer volumes and margins? A: Bryan Giles, CFO: Conditions improved by mid-March with increased volumes from California, reducing reliance on Mexican suppliers. This allowed better balancing of size curves and improved margins, which peaked at the end of April. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
02-06-2025
- Business
- Yahoo
Mission Produce Pre-Q2 Earnings Review: Buy Now or Stay Cautious?
Mission Produce Inc. AVO is likely to witness top and bottom-line declines when it reports second-quarter fiscal 2025 results on June 5, after market close. The Zacks Consensus Estimate for fiscal second-quarter sales is pegged at $282.1 million, indicating a 5.2% decrease from the year-ago quarter's reported consensus estimate for the company's fiscal second-quarter earnings is pegged at 3 cents per share, suggesting a 78.6% decline from the year-ago quarter's actual. Earnings estimates have been unchanged in the past 30 days. (See the Zacks Earnings Calendar to stay ahead of market-making news.)The Oxnard, CA-based company has been reporting steady earnings outcomes, as evident from its top and bottom-line surprise trends in the trailing three quarters. Mission Produce delivered an earnings surprise of 900% in the last reported quarter. Given its positive record, the question is, can AVO maintain the momentum? Our proven model does not conclusively predict an earnings beat for AVO this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Produce has an Earnings ESP of 0.00% and a Zacks Rank of 3. You can see the complete list of today's Zacks #1 Rank stocks here. Mission Produce is expected to have sustained its growth momentum in second-quarter fiscal 2025, underpinned by resilient global demand, strategic diversification and strong operational agility. The rise in avocado consumption, fueled by health-conscious consumer trends and growing popularity in emerging markets, is expected to continue supporting AVO's international farming model. Additionally, optimized distribution channels position it to capitalize on these enduring short-term challenges, such as supply shifts in Mexico, may create volatility, Mission Produce's proactive diversification, operational discipline and strategic foresight offer a strong foundation for sustained growth and profitability. This is expected to have bolstered the second-quarter fiscal 2025 top line and volumes. Mission Produce, Inc. price-eps-surprise | Mission Produce, Inc. Quote On the last reported quarter's earnings call, the company projected the avocado industry volumes to remain consistent year over year, with Mexican supply tapering due to a lighter-than-expected harvest. However, this is likely to be offset by a faster-than-usual ramp-up in California and Peru's crop, aided by favorable weather. This dynamic is expected to support a 5% year-over-year increase in average avocado pricing in the fiscal second quarter, signaling robust demand despite inflationary Blueberry segment is also on track for a strong performance, with total harvest volumes projected to rise 35-40% in second-quarter fiscal 2025, driven by expanded acreage and improved yields. Approximately 20% of the Peruvian crop is expected to be sold in the quarter, aligning with last year's seasonal cycle. While average prices may decline sequentially, they are projected to remain in line with second-quarter fiscal 2024, reflecting a normalized supply-demand environment and healthy production Mission Produce's ongoing investments in vertical integration, digital innovation and geographic diversification are expected to improve operational efficiency and asset utilization, particularly in its International Farming segment. This sets the stage for longer-term margin recovery despite near-term cost pressures and tariff uncertainties. Mission Produce's shares have exhibited a downtrend in the past three months, losing 9.4% against the industry's growth of 1.5%. Meanwhile, the company has underperformed the Zacks Consumer Staples sector and the S&P 500's growth of 9.3% and 1%, respectively. Image Source: Zacks Investment Research AVO stock has also underperformed industry peers, including Archer Daniels Midland Company ADM, Corteva Inc. CTVA and Calavo Growers CVGW, which rallied 3.7%, 17.3% and 21%, respectively, in the past three its current price of $11.18, the AVO stock trades 17.2% above its 52-week low of $6.54. Moreover, Mission Produce's current stock price stands 26.7% below its 52-week high of $ the valuation standpoint, the company trades at a forward 12-month P/E multiple of 27.78X, exceeding the industry average of 15.55X and the S&P 500's average of premium valuation suggests that investors have strong expectations for Mission Produce's future performance and growth potential. However, the stock currently seems somewhat overvalued. As a result, investors may be hesitant to buy at these elevated levels and prefer to wait for a more favorable entry point. Image Source: Zacks Investment Research Mission Produce continues to cement its position as a global leader in the avocado industry, attracting investor interest with its scale, strategic clarity and consistent execution. AVO leans on a vertically integrated, global footprint with a sharp focus on operational efficiency and international sourcing. With sourcing operations across Mexico, Peru, Colombia and Guatemala, AVO commands a meaningful share of the global avocado supply and is steadily expanding into complementary high-growth categories like blueberries and tariff uncertainties remain a variable, especially given Mexico's central role in sourcing. Temporary tariffs earlier this year created margin pressure and underscored the value of Mission Produce's global diversification. With alternative sourcing regions like Peru, Colombia and others, and a resilient supply network, the company is well-equipped to absorb geopolitical shocks, strengthening its case as a long-term growth player in the global produce sector. Regardless of how Mission Produce's stock responds to its second-quarter fiscal 2025 results, the company's long-term growth narrative remains compelling. The company's vertically integrated model, diversified sourcing and expanding multi-category portfolio, anchored by health-forward staples, position it well to benefit from enduring consumer demand trends. While near-term headwinds like inflation, high interest rates and tariff uncertainties may weigh on margins, these pressures appear cyclical rather than the financial front, AVO is delivering disciplined, profitable growth, with improvements in adjusted earnings and EBITDA, driven by strong asset utilization and expanding farming operations. Investments in digital innovation are further streamlining logistics and supply-chain efficiency. While some investors may wait for a more attractive valuation, long-term holders can remain confident. The company's strategic execution and innovation are well-aligned to deliver sustained value over time. 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 Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Calavo Growers, Inc. (CVGW) : Free Stock Analysis Report Corteva, Inc. (CTVA) : 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
Daily Mail
01-06-2025
- General
- Daily Mail
Heartbroken family of Dannielle Finlay-Jones reveal the one change that could've saved their daughter after she was killed by her Bumble match
The family of a woman who was killed by a man she met on Bumble claim tougher bail and AVO laws might have meant their daughter would still be alive today. Jacky Finlay-Jones refuses to say the name of the man who murdered her only daughter, Dannielle, at her friend's home in Cranebrook, western Sydney, on December 18, 2022. The 31-year-old had been on just three dates with Ashley Gaddie, 33, when he brutally assaulted her before fleeing to the Blue Mountains, where he was found on a cliff two days later. Although Dannielle didn't know it at the time, Gaddie had five AVOs taken out on him by five different women and was on bail for a domestic violence offence when he killed her. Dannielle met Gaddie on a dating app. He only had to give his first name before having access to thousands of women, despite his history of gendered violence. Ms Finlay-Jones and her son, Blake, on Sunday said they've struggled to move forward in life when domestic violence is still such a prevalent issue in Australia. 'As much as we have hoped and prayed that we were the last person this would ever happen to, that things would change, there has been over 100 deaths last year, the numbers are going up and it's just devastating,' Ms Finlay-Jones told 'Danni would still be here if there had been stricter bail laws for repeat offenders and tougher rules around AVOs. In her case the man, we don't use his name, had five AVOs taken out on him by five different women.' Blake, who was due to meet Gaddie over Christmas lunch, said Gaddie's existing AVOs would have been a massive 'red flag' for the family, had they known about them. Worsening the family's situation was the death of Gaddie, who was found unresponsive in his cell in April 2024. His death meant Dannielle's murder would not be heard in court and Gaddie 'will always to the outside world be known as the accused'. Now, the Finlay-Jones family has to wait through a backlog of cases before the coroner can reach Dannielle's. 'We understand a small wait, but it has already been one year since the accused took his own life, one year of your lives are still in a holding pattern, one year of any recommendations that may have helped other domestic violence victims come out of the inquest wasted due to the time delay, the wait is just horrible, it is almost like they have forgotten the victim's family and friends,' Ms Finlay-Jones said. The frustrated mother said it's unfair for her family, and other victims', to be forced to live in 'limbo' while domestic violence continues to rule headlines. 'These men have a pattern, they are charming, the love bombing, then the controlling, and then the escalation,' Blake said. 'It's almost like a hate crime, like a woman's hate crime and there he is on the end of an app. Swipe the wrong type of situation, a murder waiting to happen.' Ms Finaly-Jones believes the only way her family will get closure will be with a coronial inquest with recommendations on how to prevent further deaths. NSW Local Courts confirmed no dates have been set for a coronial inquest into Dannielle's or Gaddie's deaths. Attorney-General Michael Daly said 'the NSW Government is working to strengthen the coronial system'. 'Funding worth $18 million for the Bondi Junction inquest has allowed an additional magistrate to be appointed. This ensures other inquests and inquiries can continue to progress,' he said. 'We have also made it harder for accused serious domestic violence offenders to get bail and ensured those who are bailed are electronically monitored by Corrective Services.'
News.com.au
31-05-2025
- Health
- News.com.au
Remember Danielle Finlay-Jones? Her death can't be in vain
EXCLUSIVE Jacky Finlay-Jones feels a stab in the heart every time news breaks of yet another woman being killed by a violent man. It's been two and a half years since she lost her only daughter, Dannielle, at the hands of the man she met on a dating app and had been on just three dates with. The pain doesn't ease - it just manifests in different ways. 'I don't think it will ever get easier. It just changes, it's not the raw, numb freshness anymore, it's more now the total realisation that the front door will never open again,' Mrs Finlay-Jones told 'It's that you'll never hear the voice again, or see the face, the smile, and it's just trying to move forward and trying to live your own life as she would want you to do.' For Mrs Finlay-Jones and her son Blake, moving forward is made more difficult by the fact that hundreds of women have been killed by violent partners since Dannielle's brutal death in December 2022. 'As much as we have hoped and prayed that we were the last person this would ever happen to, that things would change, there has been over 100 deaths last year, the numbers are going up and it's just devastating,' Ms Finlay-Jones said. 'Danni would still be here if there had been stricter bail laws for repeat offenders and tougher rules around AVOs. In her case the man, we don't use his name, had five AVOs taken out on him by five different women. 'Yet here he was on dating apps, matching with Dannielle, and only having to give his first name.' Blake Finlay-Jones believes he would have seen the red flags had he met Ashley Gaddie. The protective brother was due to meet the 33-year-old at Christmas lunch but that was thwarted the day Dannielle's body was found. She died in her friend's Cranbrook home where she and Gaddie had spent the night after going out for drinks. Gaddie was arrested after a 12-hour stand-off with police in the Blue Mountains and charged with her murder. But in a cruel blow, Gaddie was found dead in his jail cell just over a year ago where he had been held on remand since his arrest. Gaddie's death didn't bring the family any closure. 'I don't think we had peace. Well, I don't think I did,' Ms Finlay-Jones said looking at her son who nodded in agreement. 'I think we closed off for 16 months to make sure that we did nothing that could be ever used in the court case by the defence,' she said. 'So we had a code of silence. We wouldn't talk to anyone. And we were nearly there, nearly at the committal hearing we had waited 16 months for, and then gone. 'He will always to the outside world be known as the accused. That's hard. 'He was never sentenced for murder. The case just stopped. And I think then you flounder, because you don't know what to do.' The family now has to wait for the case to come before a coroner. They've been told a backlog means their case won't even make the list this year, due to the availability of the small number of Coroners in NSW. 'We understand a small wait, but it has already been one year since the accused took his own life, one year of your lives are still in a holding pattern, one year of any recommendations that may have helped other domestic violence victims come out of the inquest wasted due to the time delay, the wait is just horrible, it is almost like they have forgotten the victim's family and friends,' Mrs Finlay-Jones said. 'No one should have to live in this limbo. We want the government to find a way to get cases heard more quickly, whether that be more coroners, whatever they need to do. 'We can't be the only ones in a holding pattern like this. We want the inquest to happen so recommendations can be made, so Danni's death is not in vain and something good can come of it, maybe other victims can be spared.' A major issue Blake also wants addressed is people like Gaddie being able to have multiple AVOs taken out against them and still be out on bail. 'In our case, five AVOS with five different unrelated women like that's got to be a huge red flag,' Blake said. Gaddie, 33, was half way through a two-year community sentence for stalking, choking and assaulting another woman, was out on bail on another DV related charge in June 2022 when Ms Finlay-Jones was killed, and had a string of current and prior AVOs involving numerous women dating back to 2016. 'These men have a pattern, they are charming, the love bombing, then the controlling, and then the escalation,' Blake said. 'It's almost like a hate crime, like a woman's hate crime and there he is on the end of an app. Swipe the wrong type of situation, a murder waiting to happen.' Both Blake and his mum are trying to move forward and keep Dannielle's memory alive. 'This is not what her life was. This is something very horrible that happened to her. She was extremely passionate about things,' her mum said. 'Her female football was so important to her, her interest in championing neurodivergent people. 'I guess she probably knew for a long time, but she was diagnosed with ADHD when she was 30 and I think for her then, that was like a light bulb moment. 'It explained a lot to her. In one of the child cares roles she worked at she was looking after a child who was autistic. Her most recent job was a teacher's aide at a special school and she just loved it.' For Mrs Finlay-Jones a coronial inquest would help bring the closure they need, though never the justice. 'It's about moving forward, not forgetting, but moving forward, still living because that's what she would have wanted, and to be as happy as one can' she said. 'It's learning to smile again without feeling guilty. The guilt we feel every day, knowing that we survived and she's not here. Yep, it's learning to smile again.' The NSW Government and the NSW Coroner's Court have been contacted for comment. NSW Local Courts confirmed no dates have been set for a coronial inquest into Dannielle's death nor Gaddie's death in custody. Attorney-General Michael Daly told that 'Dannielle Finlay-Jones' family have experienced an unimaginable loss and it is completely understandable they want the coronial process to be resolved as soon as possible'. 'The NSW Government is working to strengthen the coronial system to help provide answers for grieving families and providing extra resources to assist with caseloads. 'Funding worth $18 million for the Bondi Junction inquest has allowed an additional magistrate to be appointed. This ensures other inquests and inquiries can continue to progress.' Mr Daley said the government had strengthened protections for victim-survivors by bringing in two new offences targeting serious and repeat breaches of apprehended domestic violence orders. 'We have also made it harder for accused serious domestic violence offenders to get bail and ensured those who are bailed are electronically monitored by Corrective Services.'
New York Post
30-05-2025
- Science
- New York Post
Massive volcano eruption is imminent amid earthquake surge, leaving major US city on high alert, scientists fear
Is it going to blow — or blow over? Seismic activity levels on Alaska's Mount Spurr soared to March levels earlier this week, sparking fear that an eruption could be on the horizon. 'Earthquake activity beneath Mount Spurr remains elevated,' the Alaska Volcano Observatory (AVO) warned in a May 28 report. 'Following a steady decline from late March through April, shallow earthquake activity has increased in the past two weeks to March levels of about 100 events per week.' Advertisement And while the advisory assured that the 'likelihood of an eruption continues to gradually decline,' the 11,000-foot volcano remains at an 'elevated state of unrest,' meaning that an 'explosive eruption' is still possible. 4 A roiling eruption column rising from Mount Spurr's Crater Peak vent during its Aug. 18, 1992, eruption. R.G. McGimsey, /, Alaska Volcano Observatory 'We're not out of the woods yet, by any means,' Matt Haney, a researcher with the Alaska Volcano Observatory, told Alaska Public Media. 'There's still earthquakes happening at Mount Spurr.' Advertisement However, an AVO report on May 29 found that while 'low-level unrest continues, no changes have been observed in the monitoring data to indicate that the volcano is moving closer to an eruption.' 'If an eruption occurred, it would be preceded by additional signals allowing warning,' they said. If an eruption were to occur, it would likely send a spout of ash shooting as high as 50,000 feet into the air, Haney previously told the Daily Mail, adding that the resulting cloud could cover the neighboring city of Anchorage. Spurr has been on officials' radar since April 2024, when they observed a spike in seismic activity. Advertisement 4 Mount Spurr. 'We're not out of the woods yet, by any means,' researcher Matt Haney saud. 'There's still earthquakes happening at Mount Spurr.' Matt Loewen / Alaska Volcano Observatory/ USGS By October, the rate of tremors had soared from 30 per week to 125 per week. The recent return to those levels has raised alarm bells. Meanwhile, a gas measurement probe from May 23 found that emissions were slightly lower, but within the 'uncertainty bounds' of those measured during the last gas analysis on April 24. They wrote that 'CO2 values' from the volcano's vents remain at 'above background' levels which could indicate the presence of magma underneath the surface. Advertisement However, AVO noted these levels were similar to the readings in 2004 and 2006, a similar period of activity when Spurr didn't blow its stack. 4 Chart detailing earthquake activity and deformation at Mount Spurr from Sept. 1, 2023, to May 23, 2025. 4 The summit of Mount Spurr on Oct. 24, 2024. AP Alaskans likely won't need to batten down the hatches just yet. 'The pause in deformation suggests' that the shallow intrusion of magma 'over the past 17 months has stalled,' according to the agency. 'This intrusion of magma could still lead to an eruption, but gas and earthquake activity do not clearly indicate an unstable or pressurizing system.' A Spurr eruption, the AVO said, would likely be nearly identical to eruptions in 1953 and 1992, which involved explosive events that lasted several hours and produced ash clouds that traveled hundreds of miles and rained ash across southcentral Alaska. Advertisement The latter year's explosion notably blanketed Anchorage with ash, causing officials to shutter the airport. A possible Spurr eruption — which would likely originate from its side vent, called Crater Peak — would also cause mudslides and avalanches of volcanic debris and ash to roar down the mountain at 200 miles per hour. 'Fortunately, there are not any communities in that radius that would be affected,' Haney said. Advertisement
