Mission Produce of Oxnard, CA has shipped 14 percent more avocados during its fiscal first quarter of 2023 for the period ending Jan. 31, 2023, compared to the same time last year.
The company attributes its growth during economic uncertainty and fluctuations to its unmatched global network of distribution, ripening and other assets. This growth also outpaced the avocado industry as a whole.
In total, Mission sold 152.3 million pounds of avocados during the first quarter, a press release stated. Higher volume was driven by greater output from Mexico. The company’s gross profit also increased by $8.5 million during the first quarter compared to the same period last year, to $9 million.
For the second quarter of the fiscal year 2023, Mission is expecting volumes to be higher versus the prior year, primarily to a larger Mexican harvest, which is 20 percent higher compared to the prior harvest season.