The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Ben Bienvenu - Stephens Inc. - Analyst
: Hey, good afternoon.
Question: Ben Bienvenu - Stephens Inc. - Analyst
: So I want to ask in the marketing business, this balance between you're taking market share on the volume side, but managing margins on the
bulk side, how do you feel like you're doing?
It looks like you gained at least relative to the industry data, a little bit of market share on the volume front and margins are recovering nicely. So
maybe talk us through are some of the things that you're doing on expectations as you move forward to perhaps continue deliver results along
the same lines?
Question: Ben Bienvenu - Stephens Inc. - Analyst
: Okay. That's great. As we start to think about the back half of this fiscal year and the contribution of the Peru operations, what are your thoughts
with respect to the crop, how it's looking and how this year's performance from the International Farming segment might look relative to last year.
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MARCH 11, 2024 / 9:00PM, AVO.OQ - Q1 2024 Mission Produce Inc Earnings Call
Question: Ben Bienvenu - Stephens Inc. - Analyst
: Okay, great. Thanks so much and congratulations on a solid quarter.
Question: Gerry Sweeney - ROTH MKM - Analyst
: Good afternoon, Steve, Barn, thanks for taking my call.
Question: Gerry Sweeney - ROTH MKM - Analyst
: I had a couple of questions on margins as well, I apologize. And if it is repetitive goes right. So as you were speaking on the last go-round, but just
wanted to talk about maybe get a little bit more detail on some of the cost enhancements remain, which I also would include maybe some of the
price increases maybe describe some of the moves you're making.
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MARCH 11, 2024 / 9:00PM, AVO.OQ - Q1 2024 Mission Produce Inc Earnings Call
How much is left? And then is there ability, are you caught up on price in regards to the value you're adding to the fruit? So I think there's a little
bit to unpack there. I can repeat some of it if you need to.
Question: Gerry Sweeney - ROTH MKM - Analyst
: Got it. That's helpful. And then just talking about blueberries and mangoes, obviously there is an absorption. It sounds like they're absorbing some
of the fixed costs on distribution, packaging, et cetera? Yeah. How big can you grow these two business lines?
Question: Gerry Sweeney - ROTH MKM - Analyst
: Helpful, okay I really appreciate it. Thanks for your time, and I'll talk to you soon.
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