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Mission Produce Unveils Five-Year Financial Targets and Strategies at 2026 Investor Day

Globe Newswire•08/10/2026•08:30 ET
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Key Highlights

  • ➤Mission targets mid-single-digit organic sales growth over five years
  • ➤Mission targets approximately 300 basis points of margin expansion
  • ➤2035 ambition: double sales and triple Adjusted EBITDA
  • ➤Calavo synergy target raised to more than $30 million annually
  • ➤Fiscal 2026 outlook reaffirmed: second-half Adjusted EBITDA $84 million-$88 million
  • ➤Mission targets net leverage below 1.5 times Adjusted EBITDA

Expert Statements

John Pawlowski, President and Chief Executive Officer of Mission Produce

“Mission was built to lead. Over more than 40 years, we built the modern avocado category and created a platform that would be difficult to replicate. Our next chapter is about fully leveraging that platform and compounding the value we deliver to shareholders by growing faster than our markets, expanding margins, converting more earnings into cash and deploying that cash with discipline.”

John Pawlowski, President and Chief Executive Officer of Mission Produce

“Our growth opportunity is broad and compelling. U.S. avocado remains one of the most durable growth stories in food. International markets offer substantial consumption headroom. Prepared Foods extends our avocado leadership into a higher-margin, growing category, and mango gives us a capital-efficient path to develop the next fresh platform. With Calavo synergies and better utilization of the assets already in place, we believe Mission can become a larger, more productive and higher-return company.”

Bryan Giles, Chief Financial Officer of Mission Produce

“Mission is entering a financially compelling stage, with the majority of the heavy investment required to build our platform behind us and the Calavo acquisition adding scale, new capabilities and a meaningful synergy opportunity.”

Bryan Giles, Chief Financial Officer of Mission Produce

“Our five-year framework is designed to grow earnings faster than sales and convert more of those earnings into cash. That should give us greater capacity to reduce leverage, fund high-return growth and return capital when it creates attractive value for shareholders.”

Targets mid-single-digit organic sales growth and 300 basis points of margin expansion over the next five years

Introduces 2035 ambition to double sales and triple Adjusted EBITDA

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