Mission Produce's AVO avocado business sold approximately 253 million pounds of avocados in its fiscal third quarter, up 38% year over year, helped by the addition of Calavo and growth in the legacy Mission Produce business. U.S. retail avocado volume rose about 9% even as the average retail price climbed approximately 15% sequentially, and U.S. avocado consumption stayed above 10 pounds per capita year to date, up 12% from last year, with household penetration improving by roughly 50 basis points. AVO's legacy U.S. retail market share also increased by approximately 60 basis points year over year. Management said greater sourcing flexibility from California and Peru improved the operating environment versus the preceding quarter, and that future volume growth will depend on converting expanded sourcing and distribution into deeper customer relationships without sacrificing unit economics. Separately, Corteva's second-quarter volume fell 3% year over year on seasonal timing and acreage shifts, while Dole's Diversified Fresh Produce Americas and Rest of World segment revenue rose 13.9% and adjusted EBITDA advanced 33.8%.
Mission Produce IncAVO sold ~253M lbs of avocados, up 38% YoY, with rising retail volume, share gains, and improved sourcing flexibility.
Dole PLC
Corteva Inc
