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Mission Produce Q3 EBITDA Hits $32.4M as Calavo Synergies Top $30M

Mission Produce beats Q3 earnings expectations and lifts Calavo integration synergy targets to $30M+ amid record U.S. avocado consumption.

📅 September 9, 2026 🕐 1 min read

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📅 Short-term 🌍 US · Explicit

Mission Produce reported Q3 adjusted EBITDA of $32.4 million above the high end of expectations, raised cost synergy estimate from Calavo acquisition to over $30 million, and highlighted strong avocado demand trends.

🎯 Key Takeaways

Adjusted EBITDA of $32.4 million outperformed the high end of management's guidance.
Calavo acquisition synergy estimates increased to over $30 million from an initial $25 million.
U.S. retail avocado volume grew 9% year-over-year, with per capita consumption reaching record levels.
Company successfully integrated multi-origin sourcing from Mexico, California, and Peru to improve margins.

📝 Executive Summary

Mission Produce reported a strong fiscal third quarter with adjusted EBITDA of $32.4 million, exceeding expectations. The company raised its cost synergy target from the Calavo acquisition to over $30 million, citing improved network efficiencies and SG&A savings as avocado demand remains at record levels.

❓ FAQ

Why did Mission Produce increase its synergy target for the Calavo acquisition?

The company identified higher-than-anticipated SG&A savings and network efficiencies, allowing them to raise the annualized cost synergy estimate from $25 million to over $30 million.

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