Mission Produce (AVO) Raises Calavo Synergy Target Above $30 Million. Can Margins Recover?

Mission Produce, Inc. (NASDAQ:AVO) reported September 8 results for its fiscal third quarter ended July 31. Revenue rose 26% to $450 million as avocado volume increased 38% and per-unit selling prices declined 9%. Gross margin fell 270 basis points to 9.9%, while adjusted EBITDA edged down to $32.4 million from $32.6 million. Reported gross margin […]