Latest news with #LeeCole
Yahoo
17 hours 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
Daily Mail
5 days ago
- Entertainment
- Daily Mail
Crushingly tender: The best Literary Fiction out now - Fulfillment by Lee Cole, Love Forms by Claire Adam, The Gowkaran Tree in the Middle of Our Kitchen by Shokoofeh Azar
FULFILLMENT by Lee Cole (Faber £18.99, 336 pp) US author Cole didn't get the fanfare he deserved for his 2022 debut, Groundskeeping, so fingers crossed for this compulsively readable follow-up, a tragicomic tale of sibling rivalry between half-brothers, each nursing unsated ambition in early midlife. Joel is a married essayist in New York, while Emmett still lives in their Kentucky hometown, scraping a paycheck in an Amazon-style warehouse, his own dreams of authorship firmly on ice. Long-simmering grudges come to the boil after Joel's wife Alice, nudged into alcoholism by the pandemic, steals a tipsy kiss with Emmett behind closed doors at a family reunion. As well as illicit sex, the plot involves a drugs heist, crank calls and a loaded gun, adding a crackle of jeopardy to Cole's gift for fizzy dialogue and killer comic timing as he gently takes the temperature of modern America. Strongly recommended. LOVE FORMS by Claire Adam (Faber £16.99, 304 pp) Adam made a splash with her prize-winning first novel Golden Child, about the unearthing of family strife when a teenager disappears. Similar themes underpin this more ambitiously layered second novel, set in London and narrated by Dawn, a divorced mother who finds herself reflecting on the daughter she was forced to give up for adoption as a pregnant teenager in Trinidad. Now 58, Dawn feels drawn to the online profile of an Italian biochemist who could plausibly be the grown-up child. Adam pulls us into the murky tale with a deceptively unshowy style. She blindsides us with drip-fed revelations about Dawn's youth while laying out her daily grind in the narrative present as an empty-nester forced out of her job as a GP due to the hard yards of childcare. Crushingly tender, the novel explores heavy subjects without fuss. THE GOWKARAN TREE IN THE MIDDLE OF OUR KITCHEN by Shokoofeh Azar (Europa £14.99, 528 pp) Previously shortlisted for the International Booker Prize, Azar is an Iranian writer who lives in Australia as a political refugee, having been arrested several times on account of her work as a journalist. Her sprawling new novel, set in Iran in the wake of 1979's Islamic Revolution, is a decades-spanning magic realist saga anonymously translated from Farsi for fears of safety. We first see the narrator as the teenage daughter of a university teacher in Tehran. The multi-threaded plotline is lit up by a search for her brother, lost during the Iran-Iraq war, to say nothing of a love plot involving two cousins with violently opposed politics. Lent urgency by the context, this is a busy, noisy, crowded book that compels you to take the rough with the smooth.
The Citizen
5 days ago
- Sport
- The Citizen
Less than 7000 tickets available for URC semi-final at Loftus Versfeld
Less than 7000 tickets available for URC semi-final at Loftus Versfeld The Bulls will play the Sharks in the semi-final of the United Rugby Championship (URC) at Loftus Versfeld on Saturday and the rush to get tickets to experience this spectacle firsthand is still ongoing. According to the Blue Bulls Company there are fewer than 7 000 tickets left for the public to buy. This South African derby will kick off at 18:15 local time, and fans can still get their hands on tickets to be a part of what promises to be an unforgettable evening of rugby and entertainment. A few tickets remain in the upper grandstand and the Eastern lower and upper stands, and all available tickets are available from as little as R 100.00c, only from Ticketpro In addition to the rugby, other entertainment is also planned, in which artists such as Christian Baartman, Lee Cole, Loufi, Arod and Mack Rapapali will participate. The infamous Loftus market will be in the B & C fields, presenting a flavoursome experience of food, drink and song before the best act takes to the field when the sun sets. Fans will also have the opportunity to watch the first semi-final between Leinster and Glasgow LIVE on the big screens in the market. Whilst the excitement is in the air about a potentially sold-out semi-final between two fierce rivals, fans are reminded to be mindful of the following logistical plans. ENTRANCE: Fans are advised that entrances to gates 4, 5 and 6 have extended scanning points to ease traffic flow into the stadium. Other entrance points remain as per normal, however, fans are encouraged to arrive early to avoid traffic delays. E–HAILING: The Uber service will have a dedicated drop-off spot on Lynwood Road, similar to a Test matchday experience. STADIUM HOTLINE: There is a live and monitored hotline for all patrons to use should they require assistance or have an emergency to report. The number is: +27 76 524 7590, and visitors can send a text or a WhatsApp message throughout the event. FIELD ACCESS: Fans are reminded that access to the field is not permitted unless instructed to do so by an official, and breaking this rule is a punishable offence. WEATHER FORECAST: A sunny Saturday is expected over the capital, with the mercury dropping to 18 degrees when the whistle blows for the start of the match. All fans are encouraged to pack a light fleece for the journey home. MATCH OFFICIALS' APPOINTMENT: Referee: Andrew Brace (IRFU, 107th league game) AR 1: Sam Grove-White (SRU) AR 2: Adam Jones (WRU) TMO: Mike Adamson (SRU) Do you have more information about the story? Please send us an email to bennittb@ or phone us on 083 625 4114. For free breaking and community news, visit Rekord's websites: Rekord East For more news and interesting articles, like Rekord on Facebook, follow us on Twitter or Instagram At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading! Stay in the know. Download the Caxton Local News Network App Stay in the know. Download the Caxton Local News Network App here
The Citizen
19-05-2025
- Entertainment
- The Citizen
Hollywoodbets Durban July 2025 unveils stellar South African music line-up
Building on last week's exciting announcement, Hollywoodbets is thrilled to unveil the full star-studded line-up set to get tens of thousands dancing at the iconic Hollywoodbets Greyville Racecourse. The countdown to Africa's greatest horse racing and fashion event, the Hollywoodbets Durban July, has officially begun, and this year's entertainment promises to be just as iconic as the event itself. Magical line-up of artists Set to take place on Saturday, 5 July 2025, at the renowned Hollywoodbets Greyville Racecourse, the Hollywoodbets Durban July 2025 will feature a star-studded line-up of South Africa's most celebrated musical talent, delivering an unforgettable array of live performances and DJ sets that will electrify the crowds. ALSO READ: It's official: Hollywood rescues KZN racing In addition to Zolani Mahola singing the national anthem, the entertainment line-up includes: Mafikizolo – The multi-award-winning Afro-pop duo, known for hits like Khona and Love Potion, will bring their vibrant sound and iconic stage presence to the main stage. Mafikizolo. Picture: Supplied Lira – South Africa's 'Diva of Soul', Lira will deliver a soulful performance blending jazz, Afro-soul, and R&B influences. Lira. Picture: Supplied Hot Water – Fusing traditional South African sounds with rock and folk, Hot Water is set to bring high-energy rhythms that will get the crowd moving. Hot Water. Picture: Supplied GoodLuck – Known for their dynamic mix of electronic beats and live instrumentation, GoodLuck will keep the party going with their dance-ready energy. GoodLuck. Picture: Supplied DJ Dalootz – Known for his passionate performances and unforgettable vibes, DJ Dalootz will deliver an electrifying set to keep the energy high. DJ Dalootz. Picture: Supplied Lee Cole – The singer-songwriter's emotionally charged lyrics and unique pop sound will captivate the audience with his distinctive vocal stylings. Lee Cole. Picture: Supplied Sunset Sweatshop – This feel-good rock band, with reggae and folk influences, will bring their unique sound to the stage, ensuring a memorable experience for everyone at the racecourse. Sunset Sweatshop. Picture: Supplied The Hollywoodbets Durban July 2025 ticket, priced at R230, grants full access to witness these incredible artists live, making top-tier talent accessible to all. Unforgettable fusion of culture and entertainment 'This year's Hollywoodbets Durban July is more than just a race — it's a full cultural experience where the public will truly feel the pulse and essence of this lifestyle event,' said Zandile Dlamini, Hollywoodbets spokesperson. 'We're thrilled to present an entertainment line-up that celebrates the best of South African music and adds another layer of magic to an already iconic event. At Hollywoodbets, we're passionate about bringing this to the public because we want to create unforgettable experiences that fans can truly enjoy.' In addition to the races and live music, attendees can expect dazzling fashion displays, gourmet hospitality experiences, and the vibrant social energy that has made the Durban July a highlight on South Africa's national calendar. Tickets for the event are available from Ticketpro and Payzone Kiosks at SPAR stores nationwide
Yahoo
18-03-2025
- Business
- Yahoo
Calavo Growers, Inc. Announces $25 Million Stock Repurchase Program
Strong Balance Sheet and Robust Liquidity Position Company for Buybacks to Enhance Shareholder Value SANTA PAULA, Calif., March 18, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado industry and provider of value-added fresh food (the 'Company' or 'Calavo'), today announced that its Board of Directors has authorized a share repurchase program of up to $25 million of the Company's outstanding common stock. 'This repurchase program underscores our confidence in our long-term strategy, financial position, and ability to drive shareholder value,' said Lee Cole, President and CEO of Calavo. 'Together with our strong balance sheet, expected cash flow generation, and robust liquidity position, this repurchase program demonstrates our commitment to our shareholders while maintaining our flexibility to invest in strategic growth initiatives and operational improvements.' The Company is authorized to repurchase up to $25 million of its common stock. Repurchases may be conducted through open-market transactions at prevailing market prices, privately negotiated transactions, or Rule 10b5-1 trading plans as permitted under federal securities laws and regulations. The repurchase program remains in effect until March 18, 2027, unless extended or terminated earlier by the Board of Directors. The timing, volume, and pricing of repurchases will be determined by the Company's management with oversight from the Board and will depend upon market conditions, the Company's financial position, regulatory requirements and other strategic considerations. About Calavo Growers, Growers, Inc. (Nasdaq: CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole. Founded in 1924, Calavo operates a vertically integrated business model, serving retail grocery, foodservice, club stores, and food distributors worldwide. Headquartered in Santa Paula, California, Calavo maintains operations throughout the U.S. and Mexico. Learn more at Forward-Looking StatementsThis press release contains forward-looking statements, including expectations regarding stock repurchases, financial performance, and future business strategies. These statements are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to Calavo's most recent Form 10-K and Form 10-Q filings with the Securities and Exchange Commission for a discussion of these risks. Investor ContactJulie Kegley, Senior Vice PresidentFinancial Profiles, in to access your portfolio
