SANTA PAULA, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado industry, today announced that it will release financial results for the fiscal third quarter ended July 31, 2024, after the market closes on Monday, September 9. About Calavo Growers, Inc. Calavo Growers, Inc. (Nasdaq-GS: CVGW) is a global leader in high quality produce, including avocados, tomatoes and papayas. Calavo products are sold under the trusted Calavo brand name, proprieta ...

Calavo Growers (CVGW) has been beaten down lately with too much selling pressure. While the stock has lost 20% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of p ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________________ to ______________________ Commission File Number: 000-33385 CALAVO GROWERS, INC. (Exact name of registrant as specified in its c ...

Exhibit 99.1 Calavo Growers, Inc. Announces Second Quarter 2024 Financial Results SANTA PAULA, Calif., Jun. 10, 2024—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, 2024. Second Quarter Financial Overview Introductory Note: In the first quarter of 2024, we concluded that the fresh cut (formerly RFG) business meets the requirements to be classified a ...

Financial Overview - Total net sales for the second quarter 2024 were $184.4 million, a 16.5% increase from $158.3 million in the prior year quarter [2][26] - Grown segment net sales increased by 18.9% to $166.8 million, while Prepared segment net sales decreased by 1.9% to $17.6 million [2][26] - Gross profit for the second quarter was $20.4 million, compared to $15.7 million for the same period last year, representing a gross margin of 11.0% [27][28] - Net income from continuing operations was $6.5 million, or $0.36 per diluted share, compared to $1.4 million, or $0.08 per diluted share, for the same period last year [28][39] - Adjusted net income was $8.9 million, or $0.50 per diluted share, compared to $5.1 million, or $0.29 per diluted share last year [8][56] - Adjusted EBITDA was $13.4 million, an increase from $9.9 million for the same period last year [29][56] Segment Performance - Grown segment gross profit increased by $3.5 million to $16.0 million, driven by higher avocado prices, which were approximately 28% higher than the prior year [30][24] - Prepared segment gross profit improved by $1.2 million to $4.3 million, with gross margin rising to 24% from 17% in the prior year quarter [10][30] - The average selling price of avocados in the Grown segment increased by 28% compared to the prior year [6] Management Commentary - The company is working on completing the sale of its fresh cut business, with negotiations ongoing regarding price and structure, targeting completion during the fiscal third quarter [5][24] - Management expressed satisfaction with the second quarter results, highlighting strong operational performance across the portfolio and improved prices and margins in the core avocado and tomato businesses [25]

Second Quarter Financial Overview Total net sales of $184.4 million, a 16.5% increase from the prior year quarter Grown segment net sales increased 18.9% to $166.8 million Prepared segment net sales decreased 1.9% to $17.6 million Gross profit of $20.4 million, compared to $15.7 million for the prior year quarter Grown segment gross profit increased $3.5 million to $16.0 million Prepared segment gross profit increased $1.2 million to $4.3 million Net income from continuing operations of $6.5 million, or $0. ...

SANTA PAULA, Calif., June 04, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado and value-added fresh food industries, today announced the appointment of John Lindeman to its Board of Directors and Audit Committee, effective June 3, 2024. Prior to joining Calavo, Mr. Lindeman held various leadership positions within the finance and investment banking industries, including serving as managing director at Sageworth Trust Company, a family office and private trust ...

Prior to joining Calavo, Mr. Lindeman held various leadership positions within the finance and investment banking industries, including serving as managing director at Sageworth Trust Company, a family office and private trust company, managing director and co-head of the consumer and retail group at Janney Montgomery Scott, managing director at Stifel Nicolaus and principal at Legg Mason. Prior to joining Legg Mason, he was a manager at PricewaterhouseCoopers LLP. Mr. Lindeman has also served as a director ...

Calavo Growers, Inc. (Nasdaq: CVGW) is a global leader in high quality produce, including avocados, tomatoes and papayas, and a pioneer of healthy fresh-cut fruit, vegetables and prepared foods. Calavo products are sold under the trusted Calavo brand name, proprietary sub-brands, private label and store brands. Founded in 1924, Calavo has a rich culture of innovation, sustainable practices and market growth. The Company serves retail grocery, foodservice, club stores, mass merchandisers, food distributors a ...

SANTA PAULA, Calif., April 25, 2024 (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, yesterday at its Annual Meeting of Shareholders said in a business update that: The Company has made significant progress toward completing the proposed sale of the Fresh Cut business (formerly "RFG") and related real property and expects to close in May 2024As previously shared, the expected uses of sale ...