Mission Produce reported Q2 2026 revenue of $290.9 million, a 24% drop compared to the same period last year. The company said lower avocado sales prices were the primary driver, only partially offset by a 15% increase in avocado volumes sold. The net result was a loss attributable to Mission for the quarter.
This is a significant data point for anyone sourcing or selling avocados right now. More volume moving through the system hasn't been enough to protect the bottom line — prices have fallen far enough that even a double-digit volume gain can't compensate. It's a clear signal of how much supply pressure has built up in the category this season.
Watch for whether Mission adjusts its procurement or pricing strategy heading into the second half of the year, and whether other major avocado shippers report similar dynamics when their results come in.