Mission Produce, Inc. (AVO) is broadening its portfolio to include berries, particularly blueberries, as part of a strategy to reduce reliance on avocados and tap into the growing demand for fresh produce. The company is leveraging its vertically integrated model by investing in premium varietals, expanding acreage, and enhancing post-harvest handling. This shift comes amid a 2.1% decline in AVO’s stock over the past six months, compared to a 10.4% drop in the industry.
AVO currently trades at a forward price-to-earnings ratio of 18.22, above the industry average of 14.45. Forecasts suggest a 10.13% decline in earnings for fiscal 2026, followed by a projected 4.23% growth for fiscal 2027. If Mission Produce successfully applies its operational expertise across multiple fruit categories, it may establish itself as a diversified leader in the global produce market.
In related news, Corteva, Inc. (CTVA) is innovating in agricultural technology to improve fruit production, while Dole plc (DOLE) maintains its position as a global powerhouse with a diversified offering. Both companies are influencing the global fruit supply through their respective strengths in technology and supply chain efficiency.
