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, Inc. (CVGW) reported Q2 2021 financial results, achieving total revenue of $276.8 million, aligning with guidance and reflecting a recovery to pre-pandemic levels. Despite a 5% decline in Fresh segment revenue, avocado volume increased by 9%. Gross profit rose to $22.6 million (8.2% of revenue), with net income of $8.8 million or $0.50 per diluted share, a significant improvement from the loss of $3.3 million last year. The company anticipates Q3 2021 revenue between $280 million and $300 million, while addressing inflationary pressures.
Calavo Growers, a leader in the avocado and fresh food industries, announced participation in two upcoming virtual conferences in June 2021. The events include the Baird 2021 Global Consumer, Technology & Services Conference on June 10 and the Jefferies 2021 Consumer Conference on June 22. Management will be available for one-on-one and small group meetings during these events. Founded in 1924, Calavo offers a variety of fresh food products under its brand and focuses on avocados and value-added items.
Calavo Growers (CVGW) will release its Q2 financial results for the period ending April 30, 2021, on June 8, 2021, after market close. A conference call for analysts and investors will take place the same day at 5:00 p.m. ET to discuss the results. Known for being a leader in the avocado and fresh food industries, Calavo serves various channels, including retail grocery and foodservice. The company offers a range of fresh produce and value-added food products under its brand and several private labels.
Calavo Growers, Inc. (CVGW) announced that its 2021 annual shareholder meeting will be held virtually on April 21, 2021, at 1:00 pm PT due to ongoing COVID-19 concerns. Shareholders eligible to participate must hold shares as of February 22, 2021. While non-shareholders can attend as guests, they cannot vote or ask questions. Cumulative voting for directors is not supported during the webcast; instructions must be submitted in advance. The company urges all shareholders to vote via proxy materials. The proxy statement remains unchanged.
Calavo Growers, Inc. (CVGW) reported Q1 2021 earnings with total revenue of $220.6 million, a 19% decline from the previous year. Despite a 2% increase in avocado volumes, lower average prices due to robust supply from Mexico negatively impacted revenue. Gross profit improved to $17.8 million (8.1% of revenue) from $15.8 million (5.8%). Net income rose to $5.3 million ($0.30/share), recovering from a net loss last year. The company also renewed its credit facility, securing $100 million in total liquidity.
Calavo Growers, a leader in the avocado and fresh food industries, announced participation in two virtual conferences this March 2021. CEO Jim Gibson and CFO Kevin Manion will represent the company at the D.A. Davidson 4th Annual Consumer Growth Conference on March 11 and the 33rd Annual Roth Conference on March 16. During these events, management will also offer one-on-one and small group meetings to discuss company initiatives and growth prospects. Founded in 1924, Calavo specializes in fresh avocados and value-added food products.
Calavo Growers (CVGW), a leader in the avocado and fresh food industries, will release its financial results for the first quarter ended January 31, 2021, on March 10, 2021. The announcement follows a trend of transparency with investors. A conference call to discuss the results will be held at 5:00 PM ET, with a live audio webcast available on the company's investor relations website. Calavo specializes in fresh produce, including avocados, tomatoes, and prepared foods, showcasing a strong portfolio under various brand names.
Calavo Growers, Inc. (CVGW) announced that Lecil E. Cole will step down from its Board of Directors effective March 1, 2021. Cole has been with the company since 1982 and served as Chairman and CEO, leading significant growth and establishing Calavo as a $1 billion enterprise. His leadership was pivotal in navigating the evolving avocado market. The Board will now consist of 11 directors, with a majority qualifying as independent under Nasdaq standards. The company continues to focus on its fresh food segments, including avocados and other fresh produce.
Calavo Growers, Inc. (CVGW), a leader in the avocado and fresh food industries, will participate in the virtual 2021 ICR Conference. CEO Jim Gibson and CFO Kevin Manion are set for a fireside chat on January 12 at 1:30 PM ET, with additional meetings for institutional investors on January 11 and 12. A live broadcast and an archived replay will be available on the Investor Relations section of the company’s website. Established in 1924, Calavo markets fresh avocados and produces guacamole, salsa, and other healthy foods.
Calavo Growers reported Q4 2020 revenue of $234.4 million, a 20% decrease year-over-year, attributed to a 22% drop in avocado prices despite a 3% increase in avocado volume. Gross profit for the quarter was $21.2 million, representing 9.0% of revenue. Net income rose to $6.2 million or $0.35 per diluted share, compared to $5.2 million last year. For fiscal year 2020, total revenue fell by 11% to $1.1 billion with a net loss of $13.6 million. The company declared a dividend increase of 4.5%, reflecting ongoing financial challenges amid the pandemic.
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