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 Klieve - Lake Street Capital Markets LLC - Analyst
: All right. Thank you so much for your questions, and congratulations on a nice quarter here. First, a couple questions on everybody's favorite topic
of tariffs. Bryan, apologies if I'm going to make you repeat this, but you mentioned $10 million impact here within this fiscal year. Did you guys
note the impact that has been seen either in the third quarter or through the first nine months of the year?
Question: Ben Klieve - Lake Street Capital Markets LLC - Analyst
: Okay. That's helpful. And then just a higher-level philosophical question on this topic is I'm curious how this environment has impacted just the
order of trade. I mean, are you shipping more product out of Peru into Europe and into Asia? Are you seeing pricing in other international markets
maybe come down as supply is shifting from the US to those international markets? I mean, is there anything to call out from those perspectives?
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SEPTEMBER 08, 2025 / 9:00PM, AVO.OQ - Q3 2025 Mission Produce Inc Earnings Call
Question: Ben Klieve - Lake Street Capital Markets LLC - Analyst
: Got it. That's helpful. Thanks, John. One more for me and I'll get back in queue. I mean, you noted, especially in Blueberries, some acreage increases
this year. As we start looking to '26, can you talk a bit about your expectations for acreage expansion from '25 to '26 and perhaps beyond?
Question: Ben Klieve - Lake Street Capital Markets LLC - Analyst
: Very good. And I guess, sorry, a follow-up. I mean, other -- I intended for that to be a bigger picture question around acreage expansion across all
of your categories. Any other thoughts on how we should look at harvest expansion in mangoes and avocados here over the next couple of years?
Question: Ben Klieve - Lake Street Capital Markets LLC - Analyst
: Very good. I appreciate that from all of you. Congratulations again on a nice quarter. Thanks for taking my questions, and I'll get back in queue.
Question: Gerry Sweeney - Roth Capital Partners LLC - Analyst
: Good afternoon, Steve, Bryan, John. Thanks for taking my call.
Question: Gerry Sweeney - Roth Capital Partners LLC - Analyst
: Would you be able to talk a little bit more about the International side? Obviously, you highlighted a little bit more in this quarter, and it's becoming,
I think, a little bit more prevalent in some of the commentaries we've moved through this year, from last year to this year. just maybe some of the
opportunities, maybe even investments on that side.
Obviously, you also highlight the UK facility gaining steam. Is there an opportunity to expand further into Europe or Asia using that playbook? And
I also know layering on top of this long-winded question is pricing opportunity, pricing regiments with supermarkets and retailers in Europe and
all that. Maybe just how should we look at the international side?
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SEPTEMBER 08, 2025 / 9:00PM, AVO.OQ - Q3 2025 Mission Produce Inc Earnings Call
Question: Gerry Sweeney - Roth Capital Partners LLC - Analyst
: Got it. Are the international markets more dependent on the size of the harvest coming out of Peru and Mexico? Is that what opens up more
opportunity for you on the margin, or how should we think about that?
Question: Gerry Sweeney - Roth Capital Partners LLC - Analyst
: Got it. Okay. And then maybe a quick question for Bryan. I know SG&A was up, but you called out everything performance and incentives, et cetera.
And I'm not sure if that was due to the quarter or what would be a maybe SG&A run rate on a go-forward basis, all things being equal.
Question: Gerry Sweeney - Roth Capital Partners LLC - Analyst
: Yeah, no, and obviously record quarter, and that makes sense. That's helpful. So record quarter is going to mean higher SG&A, so got it. All righty,
I'll jump back into you. Thanks, guys, and congrats on a really great quarter.
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