Mission Produce Swings to Q3 Loss as Calavo Integration Costs Bite
AVO sits 38% above its 52-week low of $10.07.
Summary
Mission Produce swung to a Q3 loss as Calavo integration costs and acquisition debt interest outweighed a 26% revenue increase. The filing also reveals a $207M Mexican tax assessment and a CFO 10b5-1 sale plan.
Key Events · Earnings and Guidance · AVO
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Q3 Net Loss of $6.5M
Mission Produce reported a $6.5M net loss attributable to shareholders for Q3 FY2026, versus $14.7M income in Q3 FY2025. Revenue rose 26% to $450M, but $12.6M in Calavo transaction/integration costs and higher interest expense drove the swing.
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Calavo Acquisition Debt Load
Long-term debt increased to $402.1M from $96.0M at fiscal year-end, funding the $466M Calavo acquisition (17.5M shares + $269M cash). Interest expense rose 113% year-over-year to $5.1M in the quarter.
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Mexican Tax Assessment Overhang
The filing discloses a $207.4M (3.6B pesos) Mexican tax assessment against Calavo de Mexico, with only a $27.1M provision recorded. An adverse outcome could materially affect financial condition and trigger credit facility defaults.
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CFO 10b5-1 Sale Plan
CFO Bryan Giles adopted a Rule 10b5-1 plan on June 25, 2026 to exercise vested options and sell up to 20,000 shares, beginning September 24, 2026 and ending September 30, 2027.
Analysis · AVO · Industrial Applications And Services
Mission Produce reported a $6.5M net loss for Q3 FY2026, reversing a $14.7M profit a year earlier, as $12.6M in Calavo transaction and integration costs plus higher interest expense from the acquisition debt overwhelmed a 26% revenue jump. The balance sheet shows the full weight of the Calavo deal: long-term debt ballooned from $96M to $402M, goodwill rose by $229M, and the company now carries a $207M Mexican tax assessment overhang with only a $27M provision. Against that backdrop, the company repurchased $7.2M of stock in the quarter under its $100M buyback program, and the CFO adopted a 10b5-1 plan to sell up to 20,000 shares starting September 24, 2026.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.2% of the 2009 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AVO was trading at $13.92 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $10.07 to $15.53. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.