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Calavo Growers, Inc - CVGW STOCK NEWS

Welcome to our dedicated news page for Calavo Growers (Ticker: CVGW), a resource for investors and traders seeking the latest updates and insights on Calavo Growers.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Calavo Growers's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Calavo Growers's position in the market.

News
Calavo Growers, Inc. to Provide General Business Update at 2024 Annual Meeting of Shareholders
Rhea-AI Summary
Calavo Growers, Inc. (Nasdaq: CVGW) will provide a general business update at the 2024 Annual Meeting of Shareholders on April 24, 2024. Shareholders as of February 26, 2024, can participate, submit questions, and vote. Non-shareholders can attend as guests but cannot vote or ask questions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
Calavo Growers, Inc. Announces Virtual Access for its 2024 Annual Meeting of Shareholders
Rhea-AI Summary
Calavo Growers, Inc. (CVGW) announces the 2024 annual shareholder meeting to be held virtually on April 24, 2024, allowing shareholders to participate, submit questions, and vote online. The meeting will not permit cumulative voting for directors via live webcast, requiring proxy instructions before the meeting. Shareholders are encouraged to vote in advance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
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none
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News
Calavo Growers, Inc. Announces First Quarter 2024 Financial Results
Rhea-AI Summary
Calavo Growers, Inc. reports financial results for Q1 2024, with total net sales of $127.6 million, a 3.9% decrease from the prior year. The company's net loss from continuing operations was $2.6 million, with adjusted net loss of $0.2 million. The Board declared a quarterly cash dividend of $0.10 per share. The company anticipates completing the sale of its fresh cut business in the fiscal second quarter, targeting SG&A savings of $20 million annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.8%
Tags
earnings
News
Calavo Growers to Report First Quarter Financial Results
Rhea-AI Summary
Calavo Growers, Inc. (CVGW) to release fiscal Q1 2024 financial results on March 11, 2024, after market close.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
Tags
conferences earnings
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News
Calavo Growers, Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results
Rhea-AI Summary
Calavo Growers, Inc. reported a 1.0% decrease in total net sales for the fiscal fourth quarter and fiscal year ended October 31, 2023. The company experienced a 5.6% increase in Grown segment net sales, but a 7.9% decline in Prepared segment net sales. Gross profit decreased to $15.5 million for the fourth quarter, with a net loss of $7.9 million. Fiscal year 2023 saw an 18.4% decrease in total net sales, with a 24.5% decrease in Grown segment net sales and a 10.3% decrease in Prepared segment net sales. The company reported a net loss of $8.3 million for the fiscal year. Adjusted EBITDA for the fourth quarter was $7.0 million, compared to $9.6 million for the same period last year. The company ended the year with $46.3 million of total debt and $2.9 million in cash and cash equivalents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.09%
Tags
earnings
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News
Calavo Growers Evaluating Potential Sale of Its Fresh Cut Business (formerly “RFG”); Declares Quarterly Dividend
Rhea-AI Summary
Calavo Growers, Inc. (Nasdaq: CVGW) announced the exploration of a sale of its Fresh Cut Business to F&S Fresh Foods, with a total transaction value of approximately $100 million. The company aims to focus on its core avocado and guacamole businesses to maximize profitability. The transaction is expected to result in a significant reduction to Calavo's post-transaction SG&A, with the closing anticipated in the second fiscal quarter of 2024. The expected use of proceeds includes debt reduction, growing the core business, and returning cash to shareholders. The Board of Directors also declared a quarterly cash dividend of $0.10 per share, to be paid on January 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.54%
Tags
dividends
News
Calavo Growers Delays Release of its Fourth Quarter and Fiscal Year 2023 Financial Results
Rhea-AI Summary
Calavo Growers, Inc. (CVGW) announced a filing for an extension of its Annual Report on Form 10-K with the SEC due to certain matters identified during the internal audit process. The company established a Special Committee to evaluate and investigate these matters, particularly related to its operations in Mexico. The company expects to report a decrease in net sales of approximately 18% for the year ended October 31, 2023, compared to the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.54%
Tags
earnings
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News
Calavo Announces Earnings Release Date for Fourth Quarter and Fiscal Year End Results
Rhea-AI Summary
Calavo Growers, Inc. (Nasdaq: CVGW) will release financial results for the fiscal fourth quarter and 2023 fiscal year ended Oct. 31, 2023, after the market closes on Tuesday, January 16. The company will be an 'accelerated filer' for its fiscal 2023 Form 10-K and for each Form 10-Q during fiscal 2024. The Form 10-K for fiscal 2023 is due on January 16, 2024, and the company plans to file it at the same time that fourth quarter and fiscal year end earnings are announced.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.4%
Tags
earnings
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News
Calavo Growers, Inc. Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
Calavo Growers, Inc. reports Q3 financial results with a 24% decrease in total net sales to $259.9 million. Grown segment net sales decreased 30% to $144.5 million, while Prepared segment net sales decreased 14% to $115.8 million. Gross profit increased to $25.0 million. Net income is $6.6 million, compared to $1.3 million for the same period last year. Adjusted EBITDA is $13.8 million compared to $8.1 million last year. Avocado margins improved sequentially and versus the prior year quarter. New credit facility established with borrowing capacity of up to $100 million. Quarterly cash dividend of $0.10 per share declared. Outlook expects fourth quarter gross profit to exceed prior year levels in the Grown segment and sequential improvement in the Prepared segment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.21%
Tags
earnings
News
Calavo Growers to Report Third Quarter Financial Results
Rhea-AI Summary
Calavo Growers, Inc. will release financial results for Q3 2023 on Sept. 6.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.7%
Tags
conferences earnings
Stock CVGW logo
Calavo Growers, Inc

Nasdaq:CVGW

CVGW Rankings

#2968 Ranked by Market Cap
#3650 Ranked by Stock Gains
#1640 Ranked by Dividends

CVGW Stock Data

435.04M
16.68M
5.97%
83.23%
5.43%
Fresh Fruit and Vegetable Merchant Wholesalers
Wholesale Trade
Link
United States
Santa Paula

About CVGW

calavo growers, inc. is the worldwide leader in the procurement and marketing of fresh avocados and other fresh produce as well as the manufacturing and distribution of prepared avocado products and salsas. with the addition of renaissance food group, we’ve extended our reach in the refrigerated fresh segment with fresh-cut produce and ready-to-cook meal enhancements. our continued focus on providing healthy, fresh, convenient foods, has enabled calavo to truly evolve into “a family of fresh foods.” since 1924, we’ve been serving produce wholesalers, retailers and restaurants worldwide.