Calavo Growers

Calavo Growers, Inc. engages in the marketing and distribution of avocados, prepared avocado products, and other perishable foods. It operates through the Grown and Prepared segments. The Grown segment consists of fresh avocados, tomatoes, and papayas. The Prepared segment includes all other products including fresh-cut fruits and vegetables, ready-to-eat sandwiches, wraps, salads and snacks, guacamole, and salsa. The company was founded in 1924 and is headquartered in Santa Paula, CA.

Earnings data Q4 2023

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Calavo Growers recently posted Q3 FY23 results, with a decline in net sales but an increase in gross profit and income. The stock price dropped over 14% on Friday, presenting a buying opportunity as it is now at a strong multiyear support level. Despite the decline in sales, the positive outlook, high demand for avocados, and attractive valuation make investing in CVGW rewarding.

Calavo Growers: Investors Should Not Panic

Calavo reappointed a former CEO to restart a multi-year turnaround process, signaling a focus on improving the avocado business. Q3/F23 showed improved gross margins in the avocado business, but sustainability remains uncertain. Investors appear to have already factored in a return to historic profitability in their valuations of Calavo shares. I believe more caution is warranted.

Calavo Growers: Restarting Turnaround From Scratch

Revenue for Calavo Growers is plunging, in part due to lower prices for avocados. Nevertheless, the company's profitability is improving, which underscores the operational changes made by its new leadership.

Why Calavo Growers Stock Took Off on Thursday

SANTA PAULA, Calif., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of convenient, ready-to-eat fresh food, today reported its financial results for the fiscal third quarter ended July 31, 2023.

Calavo Growers, Inc. Announces Third Quarter 2023 Financial Results

SANTA PAULA, Calif., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq: CVGW), a global leader in the avocado and value-added fresh food industries, today announced that it will release financial results for the fiscal third quarter ended July 31, 2023 after the market closes on Wednesday, Sept. 6.

Calavo Growers to Report Third Quarter Financial Results

Both the CEO and a director are buying shares of Calavo Growers stock with their own money. The business has been hurt recently by lower avocado prices, but management thinks things are about to get better.

Calavo Growers Stock Soared This Week as Insiders Gobbled Up Shares

Investors need to pay close attention to Calavo Growers (CVGW) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Calavo Growers (CVGW) Stock?

Calavo Growers, a company dedicated to the packaging and sale of agricultural products, mainly avocado and papaya, may grow due to the international growth of the avocado market and further investments in capacity, headcount growth, and recent reorganization. Despite a challenging 2023, both management and market analysts appear optimistic about the future, with expectations of net sales reaching $1.161 billion and a net income of about $43 million in 2025. Risks include supply chain issues, changing consumer preferences, and client concentration, but Calavo appears undervalued with significant upside potential.

Calavo Growers: Risky, But Undervalued Thanks To Avocado Market And Reorganization

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CVGW, CFG and DCOM have been added to the Zacks Rank #5 (Strong Sell) List on June 9, 2023.

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Prices and sales volumes remain depressed compared to a year ago. Management is predicting modest operating performance improvements over the next six months.

Why Calavo Growers Stock Was Down on Wednesday

SANTA PAULA, Calif., June 06, 2023 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of convenient, ready-to-eat fresh food, today reported its financial results for the fiscal second quarter ended April 30, 2023.

Calavo Growers, Inc. Announces Second Quarter 2023 Financial Results

SANTA PAULA, Calif., May 25, 2023 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq: CVGW), a global leader in the avocado and value-added fresh food industries, today announced that it will release financial results for the fiscal second quarter ended April 30, 2023 after the market closes on Tuesday, June 6.

Calavo Growers to Report Second Quarter Financial Results

SANTA PAULA, Calif., April 12, 2023 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq: CVGW) (“Calavo” or the “Company”), a global avocado-industry leader and provider of convenient, ready-to-eat fresh food, today reminded shareholders that the Company will provide its shareholders with the capability to attend its 2023 annual shareholder meeting virtually. The meeting will consist only of the formal business portion, and the Company is offering the virtual alternative as a way for shareholders to have essentially the same meeting experience without attending in person.

Calavo Growers, Inc. Announces Virtual Access for its 2023 Annual Meeting of Shareholders

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GameStop, Kohl's, and Calavo See Big Insider Stock Buys

Less than a month back leading Calavo Growers (US:CVGW), CEO Lee Cole is walking the talk, increasing his holdings of the company's stock.

Calavo Growers ‘Boomerang CEO' Has Invested $2.6 Million to Back the Turnaround Story

SANTA PAULA, Calif., March 14, 2023 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq: CVGW), a global avocado-industry leader and provider of convenient, ready-to-eat fresh food, today announced that its board of directors declared a quarterly cash dividend on its common stock of $0.10 per share. The dividend will be paid on April 6, 2023, to Calavo Grower's shareholders of record as of the close of business on March 24, 2023.

Calavo Growers Declares Quarterly Dividend

SANTA PAULA, Calif., March 13, 2023 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq: CVGW) (“Calavo” or the “Company”), a global avocado-industry leader and provider of convenient, ready-to-eat fresh food, today announced that Lee E. Cole is returning to lead Calavo as President and Chief Executive Officer, effective immediately. Mr. Cole has agreed to lead the Company for three years with the goal of returning the company to a position of growth and shareholder value creation. Mr. Cole succeeds Brian W. Kocher, who has stepped down from his role.

Calavo Growers Board of Directors Appoints Lee E. Cole as President and Chief Executive Officer

Calavo Growers, Inc. (NASDAQ:CVGW ) Q1 2023 Earnings Conference Call March 6, 2023 5:00 PM ET Company Participants Julie Kegley - Financial Profiles Brian Kocher - President, CEO & Director Shawn Munsell - CFO Conference Call Participants Benjamin Bienvenu - Stephens Inc. Mitchell Pinheiro - Sturdivant & Co. Benjamin Klieve - Lake Street Capital Markets Eric Larson - Seaport Research Operator Good afternoon, and welcome to the First Quarter 2023 Calavo Growers Earnings Conference Call and Webcast. [Operator Instructions].

Calavo Growers, Inc. (CVGW) Q1 2023 Earnings Call Transcript

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Markets finished mixed on Monday. Calavo suffered from the downward price impact of supply gluts of avocados from Mexico.

These 2 Stocks Are Plunging After Hours Monday

Calavo (CVGW) delivered earnings and revenue surprises of -133.33% and 18.21%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

Calavo Growers (CVGW) Reports Q1 Loss, Lags Revenue Estimates

SANTA PAULA, Calif., March 06, 2023 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of convenient, ready-to-eat fresh food, today reported its financial results for the fiscal first quarter ended January 31, 2023.

Calavo Growers, Inc. Announces First Quarter 2023 Financial Results

SANTA PAULA, Calif., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq: CVGW), a global leader in the avocado and value-added fresh food industries, today announced that it will release financial results for the fiscal first quarter ended January 31, 2023 after the market closes on Monday, March 6.

Calavo Growers to Report First Quarter Financial Results

Calavo Growers is a leading distributor of avocados and other fresh fruits and vegetables in the U.S. The company is in the midst of a corporate turnaround, with a new CEO and a restructuring plan.

Calavo Growers: More Patience Required

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News for Calavo Growers Stock (CVGW)