Calavo Growers slides as avocado price volatility hurts Q3 results [Seeking Alpha]
Calavo Growers, Inc. (CVGW)
Last calavo growers, inc. earnings: 3/10 09:00 am
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Source: Seeking Alpha
Calavo Growers slides as avocado price volatility hurts Q3 resultsSep. 02, 2022 10:55 AM ETCalavo Growers, Inc. (CVGW)By:Preeti SinghSA News EditorLubo Ivanko/iStock via Getty ImagesCalavo Growers (NASDAQ:14%fell short of analysts estimates.Late Thursday, the avocado producer reported adj. EPS of $0.16 for the quarter that missed estimates. Totalrevenue grew 20% to $342M, with Grown segment generating $207.6M (+28% Y/Y) and Prepared segment $134.9M (+9% Y/Y).The company said a sharp increase in fruit input costs for its guacamole product line pressured earnings in its Prepared segment, while avocado supply challenges and price volatility in Mexico weighed on its Grown segment results.Avocado prices were 63% higher year-over-year and volume 19% lower due to the supply constraints in Mexico and actions taken to maintain margins.Conditions in the Grown segment started to recover in August and margins are now tracking toward the historical range of $3-$4 per carton, Calavo Growers (Sellin
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CVGW
News
- Calavo Growers, Inc. Provides Update to Shareholders [Yahoo! Finance]Yahoo! Finance
- Calavo Growers, Inc. Provides Update to ShareholdersGlobeNewswire
- Calavo Growers, Inc. to Provide General Business Update at 2024 Annual Meeting of ShareholdersGlobeNewswire
- The past five years for Calavo Growers (NASDAQ:CVGW) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
- Calavo Growers: I'm Buying Into The Turnaround Potential Of This Once High-Flyer [Seeking Alpha]Seeking Alpha
CVGW
Earnings
- 9/6/23 - Beat
CVGW
Sec Filings
- 4/26/24 - Form 8-K
- 4/22/24 - Form DEFA14A
- 4/10/24 - Form DEFA14A
- CVGW's page on the SEC website