Mission Produce Inc
For the period ended Oct 31, 2024. Filed Dec 19, 2024.
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FY2024 · Filed Dec 19, 2024
AVO$11.85-0.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income (Loss)
| Years EndedOctober 31, | |||
|---|---|---|---|
| (In millions, except for per share amounts) | 2024 | 2023 | 2022 |
| Net sales | $1,234.7 | $953.9 | $1,045.9 |
| Cost of sales | 1,082.2 | 870.6 | 956.1 |
| Gross profit | 152.5 | 83.3 | 89.8 |
| Selling, general and administrative expenses | 86.8 | 76.4 | 77.5 |
| Goodwill impairment | — | — | 49.5 |
| Operating income (loss) | 65.7 | 6.9 | (37.2) |
| Interest expense | (12.6) | (11.6) | (5.5) |
| Equity method income | 3.7 | 4.0 | 5.1 |
| Remeasurement gain on acquisition of equity method investee | — | — | 2.0 |
| Other income (expense), net | 3.6 | (0.2) | 4.4 |
| Income (loss) before income taxes | 60.4 | (0.9) | (31.2) |
| Provision for income taxes | 18.6 | 2.2 | 3.7 |
| Net income (loss) | $41.8 | $(3.1) | $(34.9) |
| Less: Net income (loss) attributable to noncontrolling interest | 5.1 | (0.3) | (0.3) |
| Net income (loss) attributable to Mission Produce | $36.7 | $(2.8) | $(34.6) |
| Net income (loss) per share attributable to Mission Produce: | |||
| Basic | $0.52 | $(0.04) | $(0.49) |
| Diluted | $0.52 | $(0.04) | $(0.49) |
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