The US relies heavily on Mexico for tomatoes and is due to impose a 17% duty on the imported fruit. Here's what you need to know https://t.co/I6WwJDgBCl ...

Trade & Tariffs - The US heavily relies on Mexico for tomatoes [1] - The US is due to impose a 17% duty on imported tomatoes from Mexico [1]

Consumers may soon be paying more for fresh tomatoes as a decades-long deal with Mexico expires in less than a week, absent a last-minute deal or extension https://t.co/Rf8ayO5b0I ...

Industry Overview - The outlook for investing in marijuana stocks has shifted, with the sector experiencing continuous dips and a lack of upward momentum, leading shareholders to consider cutting losses or remaining patient for market changes [1] - Historical volatility in trading has resulted in insufficient time for investors to take profits, prompting a focus on long-term strategies as hopes remain high for federal legalization of cannabis to ease market tensions [2] Company Highlights - **Tilray Brands, Inc.** has achieved a significant milestone by becoming the first authorized company to distribute medical cannabis in Italy, highlighting the therapeutic role of medical cannabis [6][7] - **Canopy Growth Corporation** operates in the production, distribution, and sale of cannabis and related products across multiple countries, including Canada, Germany, and Australia [7] - **Village Farms International, Inc.** has regained compliance with Nasdaq listing requirements, with its stock now meeting the minimum closing bid price of US$1.00 per share [14] Financial Performance - Village Farms International reported a net revenue decrease of 11% in Q4 FY2025, with a consolidated gross margin decline of 500 basis points to 16% [14] - The operating loss from continuing operations for Village Farms was $18 million in Q4 FY2025, showing an improvement of 83% [14] - Free cash flow for Village Farms was an outflow of $36 million in Q4 FY2025, which represents a 60% increase in outflow [14]

SANTA PAULA, Calif., June 11, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW) (the “Company” or “Calavo”), a global leader in sourcing, packing and distribution of fresh avocados, tomatoes, papayas and processing of guacamole and other avocado products, today announced that it has received a non-binding, indicative proposal to acquire all of the outstanding shares of the Company for consideration nominally valued at $32.00 per share of the Company’s common stock, consisting of a combination ...

Core Viewpoint - Calavo Growers, Inc. reported financial results for the second fiscal quarter and six-month period ended April 30, 2025, showing a mixed performance with increased net sales but decreased gross profit due to lower volumes in key segments [1][8]. Second Quarter Financial Overview - Total net sales for the second quarter were $190.5 million, a 3.3% increase from the prior year quarter [6][13]. - Fresh segment sales were $174.7 million, a 4.7% increase, while prepared segment sales were $15.9 million, a 9.9% decrease [6][13]. - Gross profit was $18.1 million, an 11.9% decrease from the prior year quarter, with fresh segment gross profit declining 13.4% to $14.1 million [6][15]. - Net income from continuing operations was $6.9 million, or $0.38 per diluted share, compared to $6.1 million, or $0.34 per diluted share, in the prior year quarter [6][20]. Six-Month Period Financial Overview - Total net sales for the six-month period were $344.9 million, a 10.6% increase from the prior year period [6][17]. - Fresh segment sales increased 12.4% to $314.4 million, while prepared segment sales decreased 5.4% to $30.5 million [6][17]. - Gross profit for the six-month period was $33.8 million, an 8.0% increase from the prior year period [6][18]. - Net income from continuing operations was $11.3 million, or $0.63 per diluted share, compared to a loss of $0.2 million, or $(0.01) per diluted share, in the prior year period [20]. Segment Performance - Fresh segment growth was supported by significantly higher average avocado pricing, which offset a year-over-year decline in volume [6][12]. - Prepared segment sales decreased primarily due to a decline in sales volume and average selling price [6][12]. - The tomato business experienced a sharp decline in gross profit due to adverse weather and abundant domestic supply, which pressured pricing [10][18]. Management Commentary - The CEO highlighted the strength of the commercial strategy and operational execution amid avocado market volatility, with revenue growth driven by strong pricing performance [8][12]. - Management anticipates strong momentum in the prepared segment during the second half of the year, supported by new customer wins and expanded programs [12][18]. Balance Sheet and Liquidity - As of April 30, 2025, the company had cash and cash equivalents of $60.4 million and total debt of $4.7 million [21].

Company Overview - Calavo Growers, Inc. is a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole [2] - The company was founded in 1924 and has a strong culture of innovation, sustainable practices, and market growth [2] - Calavo products are marketed under the Calavo brand, proprietary sub-brands, and various private label and store brands [2] - The company serves a diverse range of customers including retail grocery, foodservice, club stores, mass merchandisers, food distributors, and wholesalers worldwide [2] - Calavo is headquartered in Santa Paula, California, with facilities throughout the U.S. and Mexico [2] Financial Announcement - Calavo Growers, Inc. plans to release its financial results for the fiscal second quarter ended April 30, 2025, after the market closes on June 9, 2025 [1]

Group 1 - Comcast's spinoff of its NBCUniversal cable network portfolio will be named Versant, concluding a months-long naming process [1] - Versant will own cable networks such as USA, CNBC, MSNBC, Oxygen, E!, SYFY, and Golf Channel, along with digital assets like Fandango and Rotten Tomatoes [2][4] - The remaining NBCUniversal assets, including Peacock and Universal Studios, will stay with Comcast [3] Group 2 - The name Versant is intended for business-to-business purposes and will not be consumer-facing, focusing on individual brands instead [3][4] - Versant is expected to be spun out from Comcast before the end of 2025, with the new company's assets generating approximately $7 billion in revenue last year [4] - The company aims to build a growth narrative for investors, potentially including acquisitions beyond traditional media [5] Group 3 - The emphasis on versatility reflects the changing media landscape, with plans to expand beyond linear TV and streaming [5][6] - An example of this strategy is the Golf Channel's acquisition of GolfNow, indicating a move towards building profitable businesses outside of traditional media [6]

SANTA PAULA, Calif., April 22, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado industry and provider of value-added fresh food (the "Company" or "Calavo"), today announced that following the formal business of the 2025 annual shareholder meeting (the "Annual Meeting"), the Company will provide a general business update. The Annual Meeting will be held at 1:00 p.m. Pacific Time on Wednesday, April 23, 2025. Holders of record at the close of business on February ...