v3.26.1
Earnings Per Share and Shareholder’s Equity
 6 Months Ended
Apr. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share and Shareholder’s Equity Earnings Per Share and Shareholder’s Equity
Three Months Ended
April 30,		Six Months Ended
April 30,
2026202520262025
Numerator:
Net (loss) income attributable to Mission Produce (in millions)$(7.2)$3.1 $(7.9)$7.0 
Denominator:
Weighted average shares of common stock outstanding, used in computing basic earnings per share70,783,159 70,878,959 70,711,213 70,921,488 
Effect of dilutive stock options— — — — 
Effect of dilutive RSUs— 142,563 — 234,004 
Effect of dilutive PSUs— 83,941 — 81,575 
Weighted average shares of common stock outstanding, used in computing diluted earnings per share70,783,159 71,105,463 70,711,213 71,237,067 
Earnings per share
Basic$(0.10)$0.04 $(0.11)$0.10 
Diluted$(0.10)$0.04 $(0.11)$0.10 
Equity awards representing shares of common stock outstanding that were excluded in the computation of diluted earnings per share because their effect would have been anti-dilutive as a result of applying the treasury stock method, were as follows:
Three Months Ended
April 30,		Six Months Ended
April 30,
2026202520262025
Anti-dilutive stock options2,025,852 2,052,182 2,036,418 2,059,100 
Anti-dilutive RSUs527,597 182,195 556,880 128,973 
Anti-dilutive PSUs307,757 — 401,392 — 
Rights Plan
On January 22, 2026 our Board of Directors approved the adoption of a limited duration stockholder rights plan (the “Rights Plan”). Under the plan, one preferred stock purchase right will be distributed for each share of common stock held by stockholders of record on February 4, 2026. Under certain circumstances, each right will entitle stockholders to buy one one-hundredth of a share of newly-created Series A Junior Participating Preferred Stock of the Company at an exercise price of $63.00. The Company’s Board of Directors may redeem the rights at $0.01 per right at any time before a person or group has acquired 15% or more of the outstanding common stock. Additionally, at any time after a person or group becomes an acquiring person and before such person or group acquires 50% or more of the outstanding common stock, the Board of Directors may exchange the outstanding rights (other than those held by the acquiring person, which will be void) for shares of common stock at an exchange rate of one share of common stock per right, subject to adjustment. Subject to limited exceptions, if a person or group acquires 15% or more of the Company’s common stock (including shares that are synthetically owned pursuant to derivative transactions or ownership of derivative securities) or announces a tender offer and the consummation of that offer would result in such ownership (we refer to such a person or group as an “acquiring person”), each right will entitle its holder to purchase, at the right’s then-current exercise price, a number of shares of common stock having a market value at that time of two times the right’s exercise price. Rights held by the acquiring person will become void and will not be exercisable. If the Company is acquired in a merger or other business combination transaction that has not been approved by the Board of Directors after the rights become exercisable, each right will entitle its holder to purchase, at the right’s then-current exercise price, a number of shares of the acquiring company’s common stock having a market value at that time of two times the right’s exercise price.
The Rights Plan is effective January 21, 2026 and has a one-year duration, expiring on January 21, 2027, subject to the Company’s right to extend such date, unless earlier redeemed or exchanged by the Company or terminated.