Calavo(US:CVGW)2020-12-24 12:13Business Overview - Calavo operates a diversified business model across three segments: Fresh (55% of revenue), RFG (Renaissance Food Group) (38% of revenue), and Foods (7% of revenue)[4] - The Fresh segment generated $1.1 billion in revenue in FY2020[6] - RFG experienced a 7% CAGR in top-line growth from 2015 to 2020[27] - The Foods segment saw a 3% CAGR in top-line growth from 2015 to 2020, despite COVID-19 impacts[30] Financial Performance & Growth - Calavo has a track record of sustainable growth and consistent annual dividend payouts[39] - The company has increased gross margin by 0.8 percentage points from FY2019 to FY2020 in RFG segment[27] - Calavo has paid dividends for 19 consecutive years, with 9 consecutive years of dividend increases[40] Market & Strategy - The company is focused on maximizing operating leverage and synergies by consolidating its Fresh, RFG, and Foods segments[15] - Calavo aims to drive organic growth in each operating segment and pursue strategic bolt-on acquisitions[15] - The company sees significant growth opportunity in avocados, driven by versatile consumption methods and nutritional value[22] - Calavo is well-positioned to meet the growing demand for avocados domestically and abroad[22]