Welcome to our dedicated page for Calavo Growers news (Ticker: CVGW), a resource for investors and traders seeking the latest updates and insights on Calavo Growers stock.
Calavo Growers, Inc. (NASDAQ: CVGW) is a fresh food company focused on the processing and distribution of avocados, tomatoes, papayas and guacamole, with products sold under the Calavo brand, proprietary sub-brands, private label and store brands. As a global participant in the avocado industry and value-added fresh food, the company regularly issues detailed updates that are closely followed by investors and industry observers.
The Calavo news stream features quarterly and annual earnings releases that break down performance in its Fresh and Prepared segments, including net sales, gross profit, segment trends, adjusted net income and adjusted EBITDA. These updates often discuss factors such as avocado supply and pricing, tomato volumes, weather impacts, regulatory events and operational efficiencies that influence results.
Readers will also find corporate and strategic announcements, including Calavo’s evaluation of strategic alternatives and its entry into an Agreement and Plan of Merger with Mission Produce, Inc., under which Mission will acquire Calavo in a cash and stock transaction subject to shareholder and regulatory approvals. Additional news items cover leadership changes, such as the retirement of long-serving executives and the appointment of a new President and Chief Executive Officer, as well as Board actions like the formation of a Special Transactions Committee.
Calavo’s news releases further highlight dividend declarations, regulatory and legal developments such as the resolution of an FDA detention hold on certain avocado imports and the closure of FCPA and SEC investigations, and information about upcoming earnings calls and shareholder meetings. For investors tracking CVGW, this news page offers a centralized view of the company’s financial disclosures, governance updates and key operational developments over time.
Summary not available.
Summary not available.
Calavo Growers, Inc. (Nasdaq: CVGW) announced that it will hold its 2023 annual shareholder meeting virtually on April 26, 2023, at 1:00 p.m. Pacific Time. Shareholders of record as of February 27, 2023, can participate, submit questions, and vote via a virtual platform using a control number from proxy materials. While non-shareholders can attend as guests, they will not have voting rights. Notably, cumulative voting for directors will not be facilitated through the webcast; instead, shareholders must submit proxy instructions in advance. The company is urging all shareholders to vote and read the proxy statement carefully, maintaining that all information remains unchanged except for specific details disclosed in this announcement.
Calavo Growers, Inc. (Nasdaq: CVGW) has announced a quarterly cash dividend of $0.10 per share, which will be distributed on April 6, 2023, to shareholders of record as of March 24, 2023. As a leader in the avocado industry and provider of fresh food products, Calavo offers a range of produce including avocados, tomatoes, and papayas while emphasizing sustainability and innovation. The company has been operating since 1924 and sells its products under its trusted brand as well as private labels.
Calavo Growers, a leader in the avocado industry, announced the return of Lee E. Cole as President and CEO, effective immediately. Cole, who previously led the company from 1999 to 2020, aims to enhance growth and create shareholder value during his three-year tenure. He succeeds Brian W. Kocher, who has stepped down. Cole's extensive experience in the avocado sector positions him as a strong asset for Calavo, which specializes in avocados and other fresh produce. The announcement reflects confidence in Cole's ability to guide the company forward.
Calavo Growers, Inc. (CVGW) reported a significant 18% decline in total revenue, totaling $226.2 million for the fiscal first quarter ended January 31, 2023. The Grown segment revenue fell 27% to $117.7 million, while the Prepared segment decreased by 3% to $108.5 million. Despite a net loss of $(3.1) million (or $(0.17) per diluted share), this was an improvement from a net loss of $(4.0) million last year. Management has adjusted its fiscal year EBITDA guidance to between $40 million and $45 million due to ongoing market conditions. The company plans to reset its dividend to $0.10 per share for Q2 2023.
Calavo Growers, Inc. (Nasdaq: CVGW) will announce its fiscal first-quarter financial results for the period ending January 31, 2023, after market close on March 6, 2023. A conference call for analysts and investors will follow at 5:00 p.m. ET, where the company will discuss the results. Interested parties can participate via a live call or by accessing the archived version on Calavo’s investor relations website. Calavo, headquartered in Santa Paula, California, is a leader in fresh produce, known for avocados and prepared foods, with a history rooted in innovation and sustainable practices since 1924.
Calavo Growers (CVGW) reported its financial results for Q4 and FY 2022, showing an 11% drop in total revenue to $243.6 million. The Grown segment revenue fell by 20% to $119.1 million, while the Prepared segment grew by 0.6% to $125.0 million. Gross profit increased significantly to $20.4 million, up from $9.1 million. The company incurred a net loss of $(3.3) million, improving from $(13.0) million in the prior year. Adjusted net income reached $0.6 million, compared to an adjusted loss of $(1.4) million last year. For FY 2022, revenue totaled $1.2 billion, a rise from $1.1 billion in FY 2021.
Summary not available.
Calavo Growers, Inc. (Nasdaq: CVGW) will release its financial results for the fiscal fourth quarter ended October 31, 2022, on December 20, 2022, after market close. A conference call will follow at 5:00 p.m. ET to discuss the results. Investors can join the call using the phone numbers provided or through an audio webcast available on Calavo's investor relations website. Established in 1924, Calavo is recognized for its quality produce, including avocados and prepared foods, serving various sectors globally.