DOLE

Mission Produce (AVO) is expanding into value-added prepared foods through its Calavo Growers acquisition, generating $15.5 million in revenues in Q3 FY2026. The company aims to leverage its supply chain and customer network to scale the Prepared Foods segment. Meanwhile, Corteva and Dole are also pursuing growth through agricultural innovation and value-added offerings to meet evolving consumer demands.

With U.S. consumer sentiment hitting rock bottom in October amid economic concerns, rising inflation, and potential further rate hikes, Zacks analysts recommend four defensive consumer staples stocks: Archer-Daniels-Midland, Dole, Diageo, and The Hershey Company. These low-beta stocks offer stability during market volatility while maintaining growth potential.

Mission Produce expects Peru's fiscal 2026 exportable avocado output to reach 120-130 million pounds, up from 105 million pounds, with Q4 adjusted EBITDA of $52-$55 million. The company benefits from improved farm productivity and expanded distribution, though lower avocado prices remain a headwind. Corteva and Dole are also positioning themselves to capitalize on growing agricultural demand in Latin America, though both face pricing pressures and market challenges.