Mission Produce, Inc. (NASDAQ:AVO) Q3 2023 Earnings Call Transcript

Bryan Giles: I’d like to say Gerry, if we knew, we were going to have a higher pricing environment, say later in the year, we would have liked to have extended our harvest. But on the flip side, because of the weather conditions where we had issues with fruit drop off the trees, I’m not sure if that’s the decision, we would have made. I think there’s data here, there’s data points that we’re going to track going forward, but I’m not sure if we have a clear cut that we would definitely do something differently in the future, but we have a lot of data at hand that we’re going to need to utilize as we move forward.

Gerry Sweeney: Got it. Okay. That’s helpful. I just wasn’t sure if there was — exactly what the situation was and, that’s helpful in terms of understand what —

Stephen J. Barnard: Yes. We were

Gerry Sweeney: I appreciate. Yes.

Stephen J. Barnard: We were trying to hold the fruit later because there’s usually a pretty good market, wait everybody out, but this, the fruit started dropping at a pretty rapid pace. So, we didn’t want to wake up and not have anything on the tree.

Gerry Sweeney: That because — and it was dropping both the heat and the tree was trapped overall, correct?

Stephen J. Barnard: Exactly. It sheds everything. It’s like getting your kids out of the house, get out of here.

Gerry Sweeney: I got you. All right. I can relate to that. Got it. Okay. No, that’s super helpful. I wasn’t sure if you made — listening to the commentary, I caught some of it. I wasn’t sure if you made a like a strategic decision to maybe harvest a little earlier and move some stuff around, but I understand now it was it was either pick or drop.

Stephen J. Barnard: Yes.

Gerry Sweeney: Got it. Okay. Thanks, guys.

Operator: Ladies and gentlemen, at this time, I’m showing no further questions. I’d like to end the question and answer session and turn the call back over to management and a closing remark.

Stephen J. Barnard: Thank you for your — thanks for your interest in Mission Produce and we look forward to speaking to you again soon.

Operator: Ladies and gentlemen, this concludes today’s conference call. We do thank you for attending. You may now disconnect your lines.