Mission Produce Inc
For the period ended Apr 30, 2024. Filed Jun 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Apr 30, 2024 · Filed Jun 6, 2024
AVO$11.91+2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED)
| Three Months EndedApril 30, | Six Months EndedApril 30, | |||
|---|---|---|---|---|
| (In millions, except for per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Net sales | $297.6 | $221.1 | $556.3 | $434.6 |
| Cost of sales | 266.6 | 203.0 | 496.6 | 407.5 |
| Gross profit | 31.0 | 18.1 | 59.7 | 27.1 |
| Selling, general and administrative expenses | 18.7 | 19.3 | 39.4 | 38.4 |
| Operating income (loss) | 12.3 | (1.2) | 20.3 | (11.3) |
| Interest expense | (3.4) | (2.7) | (6.7) | (5.1) |
| Equity method income | 0.5 | 0.4 | 0.9 | 1.4 |
| Other income (expense), net | 1.0 | 0.6 | — | (0.2) |
| Income (loss) before income taxes | 10.4 | (2.9) | 14.5 | (15.2) |
| Provision for income taxes | 3.4 | 1.8 | 5.5 | 0.1 |
| Net income (loss) | $7.0 | $(4.7) | $9.0 | $(15.3) |
| Less: Net (loss) income attributable to noncontrolling interest | — | (0.1) | 2.0 | (1.9) |
| Net loss attributable to Mission Produce | $7.0 | $(4.6) | $7.0 | $(13.4) |
| Net loss per share attributable to Mission Produce: | ||||
| Basic | $0.10 | $(0.07) | $0.10 | $(0.19) |
| Diluted | $0.10 | $(0.07) | $0.10 | $(0.19) |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)
| Three Months EndedApril 30, | Six Months EndedApril 30, | |||
|---|---|---|---|---|
| (In millions) | 2024 | 2023 | 2024 | 2023 |
| Net income (loss) | $7.0 | $(4.7) | $9.0 | $(15.3) |
| Other comprehensive income (loss), net of tax | ||||
| Foreign currency translation adjustments | (0.3) | 0.3 | 0.5 | 0.8 |
| Total comprehensive income (loss), net of tax | 6.7 | (4.4) | 9.5 | (14.5) |
| Less:Comprehensive income (loss) attributable to noncontrolling interest | — | (0.1) | 2.0 | (1.9) |
| Comprehensive income (loss) | $6.7 | $(4.3) | $7.5 | $(12.6) |
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