Profile
Sector:
Consumer DefensiveIndustry:
Food DistributionCountry:
United StatesIPO:
22 July 2002Website:
http://www.calavo.comNext earnings report:
06 September 2024Last dividends:
28 March 2024Next dividends:
02 July 2024Price
after hours | Fri, 28 Jun 2024 20:20:00 GMTAnalysts recommendations
Institutional Ownership
CVGW Latest News
SANTA PAULA, Calif., June 10, 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 second quarter ended April 30, 2024.
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.
Calavo Growers, Inc. is a California company known for producing avocados and other fresh foods, and has historically had strong stock prices. While recent financial results indicate a decline in revenues and a net loss, selling the fresh cut business could help improve the company's financial position. The stock has potential for a short squeeze, as there are many shares currently being shorted, and insider purchases indicate confidence in the company's prospects.
Calavo Growers, Inc. (Nasdaq: CVGW) announced today that shareholders will have the option to virtually attend the Company's 2024 annual shareholder meeting.
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.
Calavo Growers (Nasdaq: CVGW) will release financial results for the fiscal first quarter ended Jan. 31, 2024, after the market closes Monday, March 11.
Calavo reported declines on the top and bottom lines. Gross margin in its grown segment improved.
Calavo Growers delayed its financial report as it further investigates some of its numbers. The company could sell one part of its business to boost profitability.
Calavo reappointed a former CEO to restart a multi-year turnaround process, signaling a focus on improving the avocado business. Q3/F23 showed improved gross margins in the avocado business, but sustainability remains uncertain. Investors appear to have already factored in a return to historic profitability in their valuations of Calavo shares. I believe more caution is warranted.
Revenue for Calavo Growers is plunging, in part due to lower prices for avocados. Nevertheless, the company's profitability is improving, which underscores the operational changes made by its new leadership.
What type of business is Calavo Growers?
Calavo Growers, Inc. is one of the leading companies that supplies avocados and fresh products in the United States and abroad under the brands Avo Fresco, Bueno, Calavo Gold, Celebrate the Taste, El Dorado, Fresh Ripe, Taste of Paradise, and others. The company was founded in 1924 and is based in Santa Paula, California. The fresh products segment provides avocados grown in California, Mexico, Peru, and Colombia. The Calavo Foods segment offers ready-made products made from avocados, such as guacamole and salsa. The RFG segment distributes fresh packaged food products on a national level. The segment's portfolio includes freshly cut fruits and vegetables, freshly prepared main salads, rolls, sandwiches, and fresh snacks, as well as ready-to-heat soups, other hot dishes, and various delicacies.
What sector is Calavo Growers in?
Calavo Growers is in the Consumer Defensive sector
What industry is Calavo Growers in?
Calavo Growers is in the Food Distribution industry
What country is Calavo Growers from?
Calavo Growers is headquartered in United States
When did Calavo Growers go public?
Calavo Growers initial public offering (IPO) was on 22 July 2002
What is Calavo Growers website?
https://www.calavo.com
Is Calavo Growers in the S&P 500?
No, Calavo Growers is not included in the S&P 500 index
Is Calavo Growers in the NASDAQ 100?
No, Calavo Growers is not included in the NASDAQ 100 index
Is Calavo Growers in the Dow Jones?
No, Calavo Growers is not included in the Dow Jones index
When does Calavo Growers report earnings?
The next expected earnings date for Calavo Growers is 06 September 2024