OXNARD, Calif .– Mission Produce, Inc. (NASDAQ: AVO) (“Mission” or the “Company”), the global leader in the sourcing, production and distribution of Hass fresh avocados, in anticipation of Foodservice PMA, has released today information on the restaurant industry. , showing that 77% of people who love avocados wish there were more avocado options available on menus1– and 91% of them are willing to pay more for them.1 At PMA Foodservice, one of the industry’s premier in-person trade shows for over a year, the company will showcase its personalized programs that deliver fresh, ripe Hass avocados and mangoes based on the needs of each business.

Avocado Intel, Mission’s internal intelligence capabilities, shows that 76% of people who like lawyers are more likely to order a dish with lawyers than without.1 Additionally, 36% of avocado fans say they would pay $ 2 or more to add avocado to dishes.1 Mission Foodservice is uniquely positioned to supply avocados to restaurants of all kinds, given its year-round supply, 24-hour flexibility, 24-hour delivery options, and hands-on training and education. .

“We can infer from our Avocado Intel findings that incorporating additional avocado dishes may be a way to increase profits and increase customer satisfaction, especially since many restaurants are facing pressure to make up for lost time during the pandemic. ” said Bryan Garibay, foodservice sales manager. “We look forward to discussing our ideas and educating our restaurant clients on how to grow their business with avocados at the upcoming PMA Foodservice show. “

According to Mission’s Avocado Intel, 42% of Americans still eat in restaurants less often than they were before the pandemic, due to warnings about COVID-19 protocols and the Delta variant.2 However, 57% of Americans report being quite comfortable eating inside.2

“The industry is starting to see a slight increase in food service, which represents a substantial growth opportunity, and we are here to guide our customers to manage the expected increase in demand,” Garibay said. “We have had great success adapting our processes to better meet the changing needs of our customers, including last minute add-ons, daily shipments, mature specification suggestions, training and education, among other practices. . “

Mission Produce will attend PMA Foodservice in Monterey, Calif. From Wednesday, July 21 through Thursday, July 22, 2021. Garibay, along with two of Mission’s associate sales representatives, Jessica Lubag and Paloma Gonzalez, will share Mission’s foodservice offerings, discussing the latest business expansion plans and information gathering to better serve their customers.

“We were eager to reconnect with customers face to face. The promising results of our Avocado Intel discoveries, coupled with our expertise in managing avocado categories, have positioned us well to bring more avocados to the culinary experience of consumers, ”Garibay said.

End Notes

  1. According to a survey by Mission Produce Avocado Intel among 1,000 fans of American lawyers, conducted on July 13, 2021.
  2. According to a survey by Mission Produce Avocado Intel of 5,000 American consumers, conducted on July 13, 2021.

About Mission Produce, Inc.:

Mission Produce is the world leader in the global avocado trade. Since 1983, Mission Produce sources, produces and distributes fresh Hass avocados and, since 2021, fresh mangoes, to retail, wholesale and food service customers in more than 25 countries. The vertically integrated company owns and operates four state-of-the-art packaging facilities in key growth areas globally including California, Mexico and Peru, and has additional sourcing capabilities in Chile , Colombia, Dominican Republic, Guatemala, New Zealand and South Africa, which enable the company to provide a year-round supply of premium fruit. Mission’s global distribution network includes twelve advanced distribution centers in North America, China and Europe that provide value-added services such as ripening, bagging, custom packaging and logistics management. Additionally, Mission owns more than 11,000 acres worldwide, allowing for a diverse supply and access to complementary growing seasons, while ensuring its customers receive the highest quality fruit possible. For more information, please visit www.missionProduce.com.

Forward-looking statements

Statements in this press release that are not historical in nature are forward-looking statements which, within the meaning of federal securities laws, including the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, involve known and unknown risks and uncertainties. Words such as “may”, “will”, “expect”, “intend”, “plan”, “believe”, “seek”, “could”, “estimate”, “judge” , “Aim”, “should”, “anticipate”, “objective” and variations of such words and similar expressions, are also intended to identify forward-looking statements. The forward-looking statements contained in this press release address a variety of matters, including statements about our short and long-term assumptions, goals and targets, including our outlook for our fiscal 2021 results of operations. Good many of these assumptions relate to issues that are beyond our control and are rapidly evolving. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, we cannot guarantee that our expectations will be met. Readers are cautioned that actual results could differ materially from those suggested by these forward-looking statements due to various factors, including: limitations on the procurement of avocados, whether through purchase or cultivation; the loss of one or more of our largest customers or a decrease in the level of customer purchases; doing business internationally, including Mexican and Peruvian economic, political and / or societal conditions; fluctuations in market prices for avocados; increasing competition; inherent agricultural risks; variations in operating results due to the seasonality of the activity; general economic conditions; the effects of the COVID-19 pandemic; increases in the costs of raw materials or other products used in our business; food safety events and recalls of our products; changes in USDA and FDA regulations, US trade policy, and / or tariff and import / export regulations; restrictions due to health and safety laws; the significant costs associated with complying with environmental laws and regulations; acquisitions of other businesses; the ability of our infrastructure to meet our business needs; supply chain optimization failures or interruptions disruption of the supply of reliable and profitable means of transport; loss of key personnel and adequate labor supply; information systems security risks, data breaches and systems integration issues; changes in laws, policies and / or contractual provisions relating to confidentiality and / or information security; failure to maintain or protect our brand; changes in tax rates or international tax law; the viability of an active, liquid and orderly market for our common shares; the volatility of the price of our common shares; failure to meet Nasdaq listing requirements; concentration of control of our officers, directors and major shareholders on matters subject to shareholder approval; limited sources of capital appreciation; the sale on the market of restricted shares; reduced disclosure requirements due to our status as an emerging growth company; the significant costs associated with being a public company and devoting significant management resources to it; the use of analyst reports; failure to maintain appropriate and effective internal control over financial reporting; restrictions on attempted takeovers in our charter documents and under Delaware law; and the selection of Delaware as the exclusive forum for substantially all litigation between us and our shareholders; and other risks and factors discussed from time to time in our annual and quarterly reports on Forms 10-K and 10-Q and in our other filings with the Securities and Exchange Commission.

You can obtain copies of our SEC filings on the SEC website at www.sec.gov. The forward-looking statements contained in this press release are made as of the date hereof and the Company does not intend, nor does it assume any obligation to, update or supplement any forward-looking statements after the date hereof to reflect actual results or future events or circumstances.


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