Mission Produce, Inc. (NASDAQ:AVO) is gaining momentum on Thursday.
- Mission Produce, Inc. (NASDAQ:AVO), the global leader in sourcing, producing, and distributing fresh avocados with an additional focus on mangoes, today announced it will release its financial results for the fiscal second quarter ended April 30, 2021, after the market closes on Thursday, June 10, 2021. The company will host a conference call and webcast to discuss its financial results at 5:00 PM Eastern Time on the same day.
- Mission Produce, Inc. shows that 100 million Americans are expected to celebrate Cinco de Mayo this year. Additionally, up to 70 million pounds of avocados are expected to be consumed. A long-awaited opportunity for wholesale, retail, and food-service, the data show that consumers are looking to celebrate the avocado holiday both at home and out at restaurants and bars.
- The Oxnard, Calif.-based company’s founder and CEO Steve Barnard tells Yahoo Finance Live that the mango industry is ripe for a leader who can “legitimize” the fruit in the U.S.
Mangos are the world’s largest consumed fruit, but Barnard says it has plenty of room to grow in the U.S., where consumers still realize its benefits and uses.
“People were not ripening them, and they didn’t really have the right varieties at the right time, and that has since changed,” he says. Barnard explains that mangos have opposite harvest cycles, which means Mission Produce can employ workers year-round and use the same ripening technology.
Market Action
As of 2:32 PM, AVO stock is trading up by 1.08% to $20.32. The stock has witnessed a total volume of 75,780 shares, compared to its average volume of 197,443 shares. The stock has moved within a range of $20.29 – 20.69 after opening the trade at $20.54.
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