OXNARD, Calif., June 10, 2021 (GLOBE NEWSWIRE) — Mission Produce, Inc. (Nasdaq: AVO) (“Mission” or the “Company”), the world leader in sourcing, producing, and distributing fresh avocados, today reported its financial results for the fiscal second quarter ended April 30, 2021.
Fiscal Second Quarter 2021 Highlights:
Total revenue of $234.7 million, a 6% increase compared to the same period last year
Avocado volume sold increased 22%, average selling price decreased 14% compared to the same period last year
Gross profit increased 26% to $27.1 million, and gross profit percentage increased 180 basis points, to 11.5% of revenue
Net income of $7.4 million, or $0.10 per diluted share compared to net loss of $14.8 million, or $(0.23) per diluted share, for the same period last year
Adjusted net income of $8.7 million, or $0.12 per diluted...