Mission Produce: Strong Profits, Cloudy Avocado Price Outlook

Mission Produce stock plummeted despite exceeding profit expectations, as a warning of a 20-25% drop in avocado prices due to increased supply spooked investors. The cautious outlook overshadowed strong recent earnings, erasing the previous day's gains and highlighting a year-long decline in share value, leaving IPO investors underwater. The company now faces the challenge of maintaining growth amidst anticipated price pressures. Hosted on Acast. See acast.com/privacy for more information.