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. (CVGW) maintains leadership in fresh produce and value-added foods through strategic operations across global markets. This news hub provides investors and industry stakeholders with essential updates on corporate developments, financial performance, and market initiatives.
Access official press releases and third-party analysis covering earnings reports, supply chain updates, product innovations, and executive leadership changes. Our curated collection helps track CVGW's position in the avocado industry and prepared foods sector while monitoring competitive dynamics.
Key coverage areas include quarterly financial results, sustainability initiatives, distribution network expansions, and responses to agricultural market trends. Bookmark this page for real-time updates on operational milestones affecting Calavo's Grown and Prepared business segments.
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.
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.
Calavo Growers, Inc. (Nasdaq: CVGW) announced participation in the Stephens Annual Investment Conference on Nov. 17, 2022. President and CEO Brian Kocher, along with CFO Shawn Munsell, will engage in a fireside chat at 9 a.m. ET, which will be available for viewing online. The executives will also partake in one-on-one and small group meetings throughout the day. Calavo, founded in 1924, is a leader in produce, notably avocados, and emphasizes innovation and sustainability in its operations.
Calavo Growers, Inc. (Nasdaq: CVGW) announced a shift from annual to quarterly dividend payments, enhancing financial flexibility while maintaining the annualized dividend amount of $1.15. The first quarterly dividend of $0.2875 is payable on December 14, 2022, to shareholders of record as of November 16, 2022. Calavo has consistently paid dividends since going public in 2002, reflecting its commitment to returning value to shareholders and aligning with common industry practices.
Calavo Growers (CVGW) reported a strong fiscal Q3 2022, with total revenue reaching $342.0 million, up 20% year-over-year. The Grown segment showed significant growth, with revenue rising 28% to $207.6 million, while the Prepared segment increased 9% to $134.9 million. Gross profit improved to $18.5 million or 5.4% of revenue, compared to $7.9 million a year ago. Net income stood at $1.3 million, a turnaround from a loss of $(13.0) million in Q3 2021. The company reduced debt by $16.3 million and implemented several strategic leadership changes.
Calavo Growers (Nasdaq: CVGW) has announced the official certification and opening of a new avocado packing facility in Jalisco, Mexico, aimed at enhancing supply for the American market. This facility will allow the company to expand its sourcing capabilities, providing high-quality avocados year-round, with a focus on holiday programs. The operation is part of Calavo's strategy to strengthen its relationships with growers and ensure sustainable practices. With nearly 100 years in the avocado industry, Calavo is positioned to meet increasing consumer demand.
Calavo Growers, Inc. (Nasdaq: CVGW) has appointed Helen Kurtz as Senior Vice President & General Manager of its Prepared segment, effective August 16, 2022. Kurtz brings over 25 years of experience, previously serving at General Mills and Foster Farms. This restructuring into Grown and Prepared segments aims to enhance product fulfillment and P&L management. Kurtz's expertise in operational and marketing strategies is expected to drive growth in Calavo's prepared foods segment, which includes fresh cut fruits, salads, and guacamole.
Calavo Growers, Inc. (Nasdaq: CVGW), a leader in the avocado and fresh food industries, will announce its fiscal third quarter financial results for the period ending July 31, 2022, on September 1, 2022, after market close. An accompanying conference call for analysts and investors is slated for 5:00 p.m. ET the same day, where results will be discussed and questions answered. Calavo specializes in a variety of produce and operates globally, emphasizing innovation and sustainable practices since its founding in 1924.
Calavo Growers (Nasdaq: CVGW) announces the retirement of Robert Wedin after 49 years, appointing Danny Dumas as Senior VP & General Manager of Calavo Grown. Dumas brings over 30 years of experience, previously leading roles at Del Monte Fresh Produce and Courchesne Larose USA. The company will reorganize into Grown and Prepared segments, with Dumas managing the fresh produce segment starting July 11. Wedin will remain as an adviser through the transition. This leadership change aims to strengthen operations and align product management with profitability.
FAQ
What is the current stock price of Calavo Growers (CVGW)?
What is the market cap of Calavo Growers (CVGW)?
