Mission Produce Says Avocado Pricing Is Expected To Be Slightly Higher On a Sequential Basis And Be approximately 10-15% Higher Than The $1.30/Pound Average In Q2 Of 2023
Portfolio Pulse from Benzinga Newsdesk
Mission Produce anticipates a slight sequential increase in avocado pricing, projecting a 10-15% rise from the Q2 2023 average of $1.30 per pound.
March 11, 2024 | 8:36 pm
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Mission Produce expects avocado prices to increase by 10-15% from the Q2 2023 average, potentially boosting revenue.
The anticipated increase in avocado prices directly impacts Mission Produce's revenue, as higher prices can lead to increased revenue from sales. Given the company's focus on avocados, this price hike is highly relevant and important for investors, reflecting positively on the stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100