Mission Produce Sees Q4 Industry Volumes Flat To Slightly Lower YoY; Pricing Expected To Be Flat To Slightly Higher On YoY Basis By ~10%
Portfolio Pulse from Benzinga Newsdesk
Mission Produce expects Q4 industry volumes to be flat or slightly lower year-over-year. However, pricing is expected to be flat or slightly higher on a year-over-year basis by approximately 10%.
September 11, 2023 | 8:10 pm
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Mission Produce's forecast of flat to slightly lower Q4 industry volumes but higher pricing could impact the company's revenues and profitability.
Mission Produce's forecast indicates a potential decrease in volume sold but an increase in pricing. This could balance out to maintain revenues, but it could also lead to decreased profitability if costs remain the same or increase. As such, the impact on AVO's stock price is uncertain in the short term.
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IMPORTANCE 70
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