MW Avocado grower Mission Produce says it will try to work around Mexico tariffs, but holds off on predicting exact impact

By Bill Peters

'We will focus on leveraging our competitive strengths in the California and Peruvian sourcing markets to deliver for our customers,' company says

Avocado grower Mission Produce Inc. on Monday said it would try to work around any tariffs on imports from Mexico, but its outlook for the months ahead didn't include the impact of those extra import taxes on business.

The company $(AVO)$, which largely gets its avocados from Mexico, California and Peru, said it would lean on the latter two areas in the days ahead.

"Looking ahead, while the impact of tariffs on Mexican supply dynamics continues to be uncertain and fluid, we will focus on leveraging our competitive strengths in the California and Peruvian sourcing markets to deliver for our customers," Chief Executive Steve Barnard said in the company's earnings release.

The company said its outlook for its fiscal second quarter didn't "consider any influence from potential tariffs that the U.S. administration and North American trading partners are considering."

Mission Produce made the remarks as businesses try to adapt to the stops and starts of Trump's tariffs imposed on Mexico and Canada, a process that has complicated financial forecasting. Many imports from those two nations have been paused until early April.

For its first quarter, Mission Produce said sales jumped 29% year over year to $334.2 million. The company reported adjusted earnings of 10 cents a share.

-Bill Peters

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March 10, 2025 16:38 ET (20:38 GMT)

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