Latest news with #Calavo
Yahoo
20 hours ago
- Business
- Yahoo
Calavo Growers, Inc. Announces Receipt of Unsolicited Proposal
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 of stock of the proposing party and cash. Among other conditions, the proposal is subject to due diligence and financing. The Company's Board of Directors is reviewing this non-binding proposal in consultation with its legal and financial advisors. This non-binding proposal may or may not lead to a transaction, and the Company does not intend to comment or update further unless warranted. About Calavo Growers, Inc. Calavo Growers, Inc. (Nasdaq: CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas and guacamole. Calavo products are sold under the trusted Calavo brand name, proprietary sub-brands, private label and store brands. Founded in 1924, Calavo has a rich culture of innovation, sustainable practices and market growth. The Company serves retail grocery, foodservice, club stores, mass merchandisers, food distributors and wholesalers worldwide. Calavo is headquartered in Santa Paula, California, with facilities throughout the U.S. and Mexico. Learn more about The Family of Fresh™ at Investor Contact Jeremy Apple Senior Vice President Financial Profiles, Inc. calavo@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20 hours ago
- Business
- Yahoo
Calavo Growers, Inc. Announces Receipt of Unsolicited Proposal
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 of stock of the proposing party and cash. Among other conditions, the proposal is subject to due diligence and financing. The Company's Board of Directors is reviewing this non-binding proposal in consultation with its legal and financial advisors. This non-binding proposal may or may not lead to a transaction, and the Company does not intend to comment or update further unless warranted. About Calavo Growers, Inc. Calavo Growers, Inc. (Nasdaq: CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas and guacamole. Calavo products are sold under the trusted Calavo brand name, proprietary sub-brands, private label and store brands. Founded in 1924, Calavo has a rich culture of innovation, sustainable practices and market growth. The Company serves retail grocery, foodservice, club stores, mass merchandisers, food distributors and wholesalers worldwide. Calavo is headquartered in Santa Paula, California, with facilities throughout the U.S. and Mexico. Learn more about The Family of Fresh™ at Investor Contact Jeremy Apple Senior Vice President Financial Profiles, Inc. calavo@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Calavo (CVGW) Stock Trades Down, Here Is Why
Shares of fresh produce company Calavo Growers (NASDAQ:CVGW) fell 17.3% in the afternoon session after the company reported weak first-quarter 2025 (fiscal Q2) results, which fell short of Wall Street's estimates across all key metrics, including sales, operating profit, and earnings per share. Top-line growth benefited from higher average avocado prices, which offset a year-on-year decline in volume. The volume decline was attributed to constrained supply out of Mexico and USDA inspection delays. Looking ahead, management expects volume growth to pick up, driven by new customer wins and expanded programs with existing accounts, as well as continued strength from the California avocado season. Overall, this quarter could have been better. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Calavo? Access our full analysis report here, it's free. Calavo's shares are somewhat volatile and have had 13 moves greater than 5% over the last year. But moves this big are rare even for Calavo and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was 9 months ago when the stock gained 12.4% on the news that the company reported strong second-quarter results. Revenue and adjusted EBITDA beat expectations, even if the magnitude of the beat was small. Keeping up with the positive theme, management's commentary was constructive: "Our third quarter results reflect continued momentum in our flagship avocado temporary industry supply disruptions from Mexico during the quarter, we generated strong financial results due to our operational flexibility." Lastly, peer Mission Produce (AVO) also reported strong results on the same day, showing that the industry seemed healthy. Calavo is down 8.6% since the beginning of the year, and at $23.30 per share, it is trading 21.4% below its 52-week high of $29.64 from September 2024. Investors who bought $1,000 worth of Calavo's shares 5 years ago would now be looking at an investment worth $397.61. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Yahoo
3 days ago
- Business
- Yahoo
Calavo (NASDAQ:CVGW) Reports Sales Below Analyst Estimates In Q1 Earnings, Stock Drops 15.3%
Fresh produce company Calavo Growers (NASDAQ:CVGW) fell short of the market's revenue expectations in Q1 CY2025 as sales rose 3.3% year on year to $190.5 million. Its non-GAAP profit of $0.40 per share was 25% below analysts' consensus estimates. Is now the time to buy Calavo? Find out in our full research report. Revenue: $190.5 million vs analyst estimates of $192.8 million (3.3% year-on-year growth, 1.1% miss) Adjusted EPS: $0.40 vs analyst expectations of $0.53 (25% miss) Adjusted EBITDA: $11.4 million vs analyst estimates of $14.74 million (6% margin, 22.7% miss) Operating Margin: 4%, in line with the same quarter last year Market Capitalization: $493.7 million 'Our second fiscal quarter performance reflects the strength of our commercial strategy and disciplined operational execution amid continued volatility in the avocado market. Revenue grew year-over-year, driven by strong pricing performance,' said Lee Cole, President and Chief Executive Officer of Calavo Growers, Inc. A trailblazer in the avocado industry, Calavo Growers (NASDAQ:CVGW) is a pioneering California-based provider of high-quality avocados and other fresh food products. A company's long-term performance is an indicator of its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. With $694.5 million in revenue over the past 12 months, Calavo is a small consumer staples company, which sometimes brings disadvantages compared to larger competitors benefiting from economies of scale and negotiating leverage with retailers. As you can see below, Calavo's demand was weak over the last three years. Its sales fell by 15.8% annually, a tough starting point for our analysis. This quarter, Calavo's revenue grew by 3.3% year on year to $190.5 million, falling short of Wall Street's estimates. Looking ahead, sell-side analysts expect revenue to decline by 1.8% over the next 12 months. it's tough to feel optimistic about a company facing demand difficulties. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. If you've followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can't use accounting profits to pay the bills. Calavo broke even from a free cash flow perspective over the last two years, giving the company limited opportunities to return capital to shareholders. We struggled to find many positives in these results as Calavo fell short of Wall Street's estimates across all key metrics. Overall, this quarter could have been better. The stock traded down 15.3% to $23.42 immediately after reporting. The latest quarter from Calavo's wasn't that good. One earnings report doesn't define a company's quality, though, so let's explore whether the stock is a buy at the current price. If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Calavo Growers to Report Second Quarter 2025 Financial Results
SANTA PAULA, Calif., May 22, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole, today announced that it plans to release financial results for the fiscal second quarter ended April 30, 2025, after the market closes on Monday, June 9, 2025. About Calavo Growers, Growers, Inc. (Nasdaq: CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas and guacamole. Calavo products are marketed under the trusted Calavo brand, proprietary sub-brands, and various private label and store brands. Founded in 1924, Calavo has a rich culture of innovation, sustainable practices and market growth. The company serves retail grocery, foodservice, club stores, mass merchandisers, food distributors and wholesalers worldwide. Calavo is headquartered in Santa Paula, California, with facilities throughout the U.S. and Mexico. Learn more about The Family of Fresh™ at Investor Contact Financial Profiles, Inc. calavo@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
