MARKET COMPOSITE
CVGW - Calavo Growers, Inc1:57:54 PM 4/24/2024
Price
$27.79
-0.32 (-1.16%)
Calavo Growers, Inc. is an international consumer goods and farm products company. The company packages, and distributes avocados and other fruits, as well as their fresh prepared food to restaurants, stores, and individual customers worldwide. While the company is based in Santa Paula, California, avocado production is cultivated throughout the state of California, as well as Central and South America. Calavo Growers was established in 1924 as an agricultural cooperative and was instrumental in launching the California avocado industry. The company operates its business through three divisions including Fresh Products, Calavo Foods and Renaissance Food Group . The company has been listed on the America's Best Small Company list by Forbes. The company was assessed as a great value stock to pick by Zacks Investment Research. Calavo Growers, Inc. was founded on January 21, 1924, as the California Avocado Growers' Exchange. Due to overwhelming interest in the avocado, many California growers had planted avocado seeds that had originated in Mexico. Although slow to mature, by 1923 those avocado trees were producing a large enough crop to be marketed. The problem was the lack of a marketing outlet. The founders studied grower cooperatives that were doing well at the time such as the California Fruit Growers Exchange and adopted features that would work best for the avocado industry. In the first year, the California Avocado Growers Exchange packed the 18,000 lbs. of fruit that launched the California avocado industry. Shortly after, the growers exchange adopted the name Calavo as a brand. This was the result of a naming contest in which multiple entries were submitted combining the words "California" and "avocado". Calavo quickly became the brand name of high quality avocados. In the early 1930s, the cooperative increased its offerings to include limes, coconuts, kiwis, mangos and persimmons. Papayas were added in the late 1940s.
Financials
Quarterly financials
(USD)Jan 2024Q/Q
Revenue127.6MM-62%
Gross Profit12.5MM-26%
Cost Of Revenue115.1MM-64%
Operating Income-1.4MM-65%
Operating Expenses13.8MM-
Net Income-6.3MM-21%
G&A13.5MM-29%
Interest Expense824K-22%
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Stock news

    SANTA PAULA, Calif., April 22, 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, announced today that following the formal business of the 2024 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 24, 2024. Holders of record at the close of busin

    Long term investing is the way to go, but that doesn't mean you should hold every stock forever. It hits us in the gut...

    SANTA PAULA, Calif., April 10, 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, today reminded shareholders that the Company will provide its shareholders with the capability to attend its 2024 annual shareholder meeting (the “Annual Meeting”) virtually. The Annual Meeting will consist of a formal business meeting only. The Company is offering the virtual alternative as

    A generation ago, we probably wouldn’t be having this conversation about the best vegan stocks to buy in April. That’s because back in the day, masculinity was tied to eating red meat. Now, circumstances have changed – and changed quite dramatically. You might not agree with the shifting social tides and that’s okay. This narrative isn’t about forcing you to integrate novel concepts into your daily life. However, you should at least know about it. Undergirding the framework for the best vegan st

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    Company Navigates Market Dynamics and Prepares for Cost Savings Initiatives

    Fresh produce company Calavo Growers (NASDAQGS:CVGW) fell short of analysts' expectations in Q1 FY2024, with revenue down 43.6% year on year to $127.6 million. It made a non-GAAP loss of $0.01 per share, improving from its loss of $0.08 per share in the same quarter last year.

    SANTA PAULA, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- 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 first quarter ended January 31, 2024. First 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 as held for sale and discontinued operations. As a

    Some investors may be eyeing potential gains from Calavo Growers, Inc.'s (NASDAQ: CVGW) dividends. The Santa Paula, California-based company currently has a dividend yield of 1.37%, which is a quarterly dividend amount of 10 cents a share (40 cents a year). To figure out how to earn $500 monthly from Calavo Growers, we start with the yearly target of $6,000 ($500 x 12 months). Next, we take this amount and divide it by Calavo Growers’ 40 cents dividend: $6,000 / $0.40 = 15,000 shares So, an inve

    SANTA PAULA, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado and value-added fresh food industries, today announced that it will release financial results for the fiscal first quarter ended January 31, 2024, after the market closes on Monday, March 11. About Calavo Growers, Inc. Calavo Growers, Inc. (Nasdaq: CVGW) is a global leader in quality produce, including avocados, tomatoes and papayas, and a pioneer of healthy fresh-cut fru