Is Mission Produce (AVO) Stock Outpacing Its Consumer Staples Peers This Year?

Group 1: Company Performance - Mission Produce, Inc. (AVO) has returned approximately 42.6% since the start of the calendar year, significantly outperforming the Consumer Staples sector, which has returned an average of 0.6% year-to-date [6] - The Zacks Consensus Estimate for AVO's full-year earnings has increased by 36% over the past 90 days, indicating improved analyst sentiment and a stronger earnings outlook for the company [2] - Mission Produce, Inc. currently holds a Zacks Rank of 1 (Strong Buy), suggesting it is poised for strong performance in the near term [9] Group 2: Industry Context - Mission Produce, Inc. is part of the Agriculture - Operations industry, which includes 14 individual stocks and currently ranks 80 in the Zacks Industry Rank. The average performance of stocks in this group has been a loss of 12.1% this year, highlighting AVO's superior performance [7] - The Consumer Staples sector, which includes 184 individual stocks, currently holds a Zacks Sector Rank of 13, indicating a relatively strong position compared to other sectors [5] - Vita Coco Company, Inc. (COCO), another Consumer Staples stock, has returned 40.2% since the beginning of the year, showcasing that there are multiple strong performers within the sector [3]