Mission Produce Inc Q3 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Thomas Hinsdale Palmer - JPMorgan Chase & Co, Research Division - Analyst : I wanted to ask -- I know it's a little early to think about next fiscal year, but we are approaching it. How do you think about volume growth when you're lapping a challenging supply year? How do you plan for your business? Do you think about just returning to your target high single-digit total sales growth, which is really volume-driven? So you're kind of approaching high single-digit volume growth a year, and that's what you planned for? Or when you're lapping such a challenging year such as this, do -- you kind of inherently assume you get a little bit extra because of the catch-up?

Question: Thomas Hinsdale Palmer - JPMorgan Chase & Co, Research Division - Analyst : And then, I wanted to ask on the blueberry side. I noticed in the Q, looks like a pretty substantial build-out over the next few years in terms of acreage, more than doubling it. How do you think about returns for blueberries compared to similar investments you're making in your farming operations? And then is the grow-out period quicker and so you get perhaps a faster return on those investments?

Question: Thomas Hinsdale Palmer - JPMorgan Chase & Co, Research Division - Analyst : And then just any idea of -- I see the total capital cost is about $50 million. Is that mainly going to be based on partner contributions? Or, I don't think there's a kind of cash out from the business.