On October 8, 2026, Mission Produce, Inc. (NASDAQ: AVO) held its 2026 Investor Day in New York City to outline a new five-year growth framework and a long-term ambition to double sales and triple profit by 2035. The company, a global leader in fresh Hass avocados, stated that its next chapter focuses on leveraging its platform to generate more growth and earnings.
The company’s five-year plan is built around four connected goals: mid-single-digit organic sales growth, approximately 300 basis points of margin expansion, converting more than 90% of Adjusted Net Income into free cash flow, and reducing net leverage below 1.5 times Adjusted EBITDA. Management stated these initiatives are expected to support high-single-digit organic Adjusted EBITDA growth over the five-year period.
Key value-creation initiatives underway include the integration of Calavo Growers and the expansion of higher-margin Prepared Foods. Mission has pooled supply, closed the Temecula operation, and established a future-state U.S. distribution footprint. The company also updated its annualized synergy target from at least $25 million to more than $30 million, with the full run rate expected within 18 months of the acquisition.
In terms of capital allocation, Mission has a $100 million share-repurchase authorization. The company reaffirmed its fiscal 2026 outlook, projecting second-half Adjusted EBITDA of $84 million to $88 million, including fourth-quarter Adjusted EBITDA of $52 million to $55 million, and Mission Peru exportable volume of 120 million to 130 million pounds in the second half.
