Mission Produce reports Q2 FY2026 net loss of $7.2M despite 15% volume growth

Mission Produce reported a net loss of $7.2M in fiscal Q2 2026 ended April 30, driven by historically low avocado prices and supply-demand mismatches, though the company completed the Calavo acquisition and authorized a $100M share repurchase program. The results reflect margin compression offset by record U.S. avocado consumption and household penetration gains that position the combined company for improved performance in the second half of 2026.