Latest news with #CalavoGrowers
Yahoo
08-07-2025
- Business
- Yahoo
Calavo Growers (CVGW) Reports Q2 and First-Half 2025 Financial Results
Calavo Growers, Inc. (NASDAQ:) is . On June 9, 2025, the company reported Q2 net sales of $190.5 million, a 3.3% year-over-year increase, with growth in the fresh segment driven by higher avocado prices. However, overall gross profit fell 11.9% to $18.1 million due to lower avocado and tomato volumes. SG&A costs declined 20.9%, helping net income from continuing operations rise to $6.9 million, or $0.38 per diluted share. A field of freshly picked avocados, ready to be shipped to customers. Prepared foods sales dropped 9.9%, and gross profit dipped 6.3%, mainly from reduced volume. Gross profit per carton improved, aided by better avocado margins despite a $0.9 million tariff impact. Adjusted net income declined to $7.1 million, or $0.40 per share, while adjusted EBITDA was $11.4 million. A $0.20 dividend was declared, payable on July 30. For the six-month period ending April 30, net sales rose 10.6% to $344.9 million, with fresh segment revenue up 12.4%. Gross profit increased 8% to $33.8 million, and SG&A costs fell 22.3%. Net income reached $11.3 million, or $0.63 per share, reversing a loss from the prior year, while adjusted net income climbed to $13.1 million and adjusted EBITDA hit $20.7 million. Calavo Growers is a global supplier of fresh produce, best known for its avocados, papayas, tomatoes, and ready-to-eat guacamole. Operating under its Grown and Prepared segments, Calavo serves major retailers and food service customers worldwide. The company markets products under several brands, including Calavo, Avo Fresco, and RIPE NOW! It also offers USDA Certified-Organic Hass avocados and organic guacamole, supporting the rising demand for organic produce. While we acknowledge the potential of CVGW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best Blue Chip Stocks to Buy According to Analysts and 10 Most Undervalued Gold Stocks to Buy According To Analysts. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
27-06-2025
- Business
- Yahoo
Calavo Growers Strengthens Dividend with Acquisition Bid
Calavo Growers, Inc. (NASDAQ:CVGW) is among the 10 best low risk dividend paying stocks for June 2025. The company has recently received a non-binding acquisition proposal that boosted its share price in the last 5 days. A field of freshly picked avocados, ready to be shipped to customers. Calavo Growers, Inc. (NASDAQ:CVGW) is an international consumer goods and farm products company, operating from its headquarters in California. The company produces and distributes avocados, prepared avocado products, and other perishable foods. Operating in two main segments, Grown and Prepared, the company has retail grocery, foodservice, and club stores across the globe in its client portfolio. On June 11, 2025, Calavo Growers, Inc. (NASDAQ:CVGW) received a non-binding proposal to acquire all its outstanding shares. The shares were priced at $32 each in the proposed transaction that included both stock and cash. As of now, the proposal is still under review by the board of directors. The proposing party's name remains anonymous. Calavo Growers, Inc. (NASDAQ:CVGW)'s legal and financial advisors are included in the review to make an optimally beneficial decision. Following the anonymous acquisition proposal, the company's stock price has gone up by 15.69% in the last 5 days, indicating a positive interpretation among the investors regarding the proposal. Calavo Growers, Inc. (NASDAQ:CVGW) has low volatility as indicated by its beta of 0.40. The company offers a dividend yield of 2.93%, which is higher than the previous year's yield by 33.33%. The ex-dividend date to benefit from the next dividend payment is June 30, 2025. While we acknowledge the potential of CVGW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. 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
12-06-2025
- Business
- Yahoo
Calavo Growers attracts takeover interest from unnamed party
Calavo Growers, the Nasdaq-listed fresh produce business, has received a takeover approach from an unidentified suitor. The Santa Paula, California-based supplier of avocados, tomatoes, papayas and guacamole, said the 'non-binding, indicative proposal' has been put on the table at $32 a share. Calavo Growers added in an official statement yesterday (11 June) that the offer consists of shares in the interested party and a cash portion. The proposal is subject to due diligence and financing, the company said. '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,' it noted. However, the board of Calavo Growers is 'reviewing' the proposal in consultations with its legal and financial advisors. Calavo Growers' shares closed up 1.7% at $23.58 on the Nasdaq exchange yesterday, trimming a decline this year to 7.5%. Founded in 1924, the business markets its fresh fruit range under the Calavo brand and also supplies retailers with private label. Other customers include club stores, wholesalers and the foodservice channel. As well as guacamole, it also offers valued-added products such as salsas and dips. Led by president and CEO Lee Cole, the business sources avocados from USDA-certified growers in Mexico, Peru, Colombia, Chile, and the Dominican Republic, according to Calavo Growers' 2024 annual report. It operates a facility in Uruapan, Mexico, as well as the site in California. Earlier this week, the company issued its second-quarter results. Sales climbed 3.3% to $190.5m and were up 10.6% for the year so far at $344.9m. For the quarter to 30 April, adjusted EBITDA dropped 17.3% to $11.4m but increased 22.4% over the six months to $20.7m. Net income rose 13% to $6.9m for the quarter and turned to a year-to-date profit of $11.3m compared to a $0.2m loss a year earlier. Diluted EPS came in at $0.38 versus $0.36, and $0.63 against $0.22, for the quarter and year so far, respectively. "Calavo Growers attracts takeover interest from unnamed party" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
Business Insider
12-06-2025
- Business
- Business Insider
Calavo Growers trading resumes
18:30 EDT Calavo Growers (CVGW) trading resumes Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Business Insider
12-06-2025
- Business
- Business Insider
Calavo Growers to resume trading at 6:30pm ET
18:13 EDT Calavo Growers (CVGW) to resume trading at 6:30pm ET Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
