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: Thomas Hinsdale Palmer - JPMorgan Chase & Co, Research Division - Analyst
: Maybe just follow up, and I really appreciate all the detail on the farming side. How does this net out, I guess, as we think about the year? And I
know there are a lot of moving parts, but we see avocado prices are down meaningfully, but it sounds like quality is a lot better. The cost environment
is better, harvest volumes are up, like, 10% and kind of the midpoint of your outlook.
So I guess, how should we be thinking about maybe that EBITDA outlook for this year in the segment relative to what we've seen in recent years?
I mean is it reasonable, for instance, to think about some degree of year-over-year step-up even with the lower pricing?
Question: Thomas Hinsdale Palmer - JPMorgan Chase & Co, Research Division - Analyst
: Okay. And then just maybe on the harvest timing. Because I know that, that's kind of how you allocate costs in that segment. How skewed is it
going to be to the fourth quarter? Because you did make the note about the delayed harvest. I mean is it going to be a more balanced harvest than
we typically see? Because I think it's pretty normally that, at least from a cost standpoint. And therefore, from a harvest volume standpoint, it's more
skewed to that third quarter even if the sell-through typically occurs in 4Q.
Question: Thomas Hinsdale Palmer - JPMorgan Chase & Co, Research Division - Analyst
: Okay. Understood.
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JUNE 08, 2023 / 9:00PM, AVO.OQ - Q2 2023 Mission Produce Inc Earnings Call
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