Analyst Summary: Mission Produce, Inc. reported its financial results for the fiscal first quarter ended January 31, 2023. Despite the lower pricing environment and the uncertain macroeconomic backdrop, the company remains optimistic that lower fruit pricing will drive greater consumption in the coming year. The company is also focusing on diversification and investment in new global facilities to advance its global position. Despite lower sales in the Marketing and Distribution segment being offset by the consolidation of the Blueberries segment, gross profit percentage increased by 400 basis points. However, the Blueberries segment experienced negative gross margin due to weak sales prices within European and US markets. The industry is expecting higher volumes in the second quarter of fiscal year 2023, but Mission Produce anticipates operating cash flows to be temporarily influenced by working capital shifts. Reconciliations of non-GAAP financial measures to the most comparable GAAP measure are provided in the press release. The company is a global leader in the worldwide avocado business with additional offerings in mangos and blueberries, and the vertically integrated company has four state-of-the-art packing facilities around the world. The forward-looking statements in the press release address a variety of subjects, including short-term and long-term assumptions, goals, and targets.