Filing Flows › Mission Produce (AVO) › Q2 FY25
Mission Produce (AVO) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jun 5, 2025
Mission Produce (AVO) reported revenue of $380M for the second quarter fiscal 2025 (Q2 FY25), +28% from a year earlier and +14% from the quarter before. Operating margin was 1.8%, net earnings $3.1M (0.8% of revenue).
Mission Produce, Q2 FY25: revenue $380M (+28% year over year), operating margin 1.8%, net earnings $3.1M, operating cash flow −$11.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $380M | +14% | +28% |
| Gross profit | $28.4M | -10% | -8% |
| Operating profit | $6.9M | -26% | -44% |
| Net earnings | $3.1M | -21% | -56% |
| Operating cash flow | −$11.8M | -131% | — |
What changed
Revenue was $380.3M in Q2 FY25, up 28% year over year and up 14% from the previous quarter. Avocado was the largest line at 87% of revenue. Avocado added $65.1M year over year (up 24%), 79% of the total change.
Gross margin was 7.5%, down 2.9 points from a year earlier. Operating profit was $6.9M, a 1.8% margin (down 2.3 points year over year). Operating profit fell $5.4M even though revenue rose $82.7M versus a year earlier, so costs grew faster than sales. Operating expenses grew 15% against revenue growth of 28%. Net earnings were $3.1M, down 56% year over year. The effective tax rate was 36.2%.
Operating cash flow was −$11.8M. Non-cash charges added back $7.0M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $23.7M. Capital expenditures of $13.2M exceeded it, leaving free cash flow of −$25.0M.
Questions
What was Mission Produce's revenue in the second quarter fiscal 2025?
Mission Produce (AVO) reported revenue of $380M for the second quarter fiscal 2025 (Q2 FY25), +28% from a year earlier and +14% from the quarter before.
Was Mission Produce profitable in the second quarter fiscal 2025?
Operating profit was $6.9M (1.8% of revenue) and net earnings $3.1M.
Source: Mission Produce 10-Q on SEC EDGAR.