Calavo Growers Earnings Reports

Calavo Growers experienced a mixed third quarter in 2025. While total net sales remained relatively flat, the Fresh segment saw a decline in sales and gross profit due to lower avocado and tomato volumes and significant costs from an FDA detention hold. In contrast, the Prepared segment delivered strong growth in both sales and gross profit, driven by increased volumes and improved operational efficiency. The company's net income and EPS decreased, but adjusted net income and adjusted EBITDA increased year-over-year.

Calavo Growers saw modest top-line growth and increased profitability in Q2 2025, supported by higher avocado prices. Gross profit declined due to reduced volumes in both avocados and tomatoes, though operating income and net income improved compared to the prior year.

Calavo Growers delivered strong financial results in Q1 2025, with total net sales rising 21.0% year-over-year to $154.4 million. Fresh segment revenue saw significant growth, while the prepared segment remained stable. The company's cost discipline led to a reduction in SG&A expenses, boosting net income to $4.4 million compared to a net loss in the prior year.

Calavo Growers reported a 19.5% increase in net sales to $170.0 million for the fourth quarter of 2024, driven by growth in the Grown segment. The net loss from continuing operations improved, while adjusted EBITDA decreased due to higher incentive compensation. The company is optimistic about fiscal year 2025, anticipating double-digit growth in avocado and guacamole sales volumes.

Calavo Growers reported an 11.7% increase in total net sales, reaching $179.6 million. Net income was $5.4 million, or $0.30 per diluted share. The company's adjusted EBITDA increased to $13.5 million. The Board of Directors increased the cash dividend by $0.10 per share to $0.20 per share.

Calavo Growers reported a 16.5% increase in total net sales, reaching $184.4 million. The company's net income from continuing operations was $6.5 million, or $0.36 per diluted share, compared to $1.4 million, or $0.08 per diluted share, for the same period last year. Adjusted EBITDA increased to $13.4 million compared to $9.9 million in the prior year quarter.

Calavo Growers, Inc. reported a decrease in total net sales by 3.9% to $127.6 million for the first quarter of 2024. The company experienced a net loss of $2.6 million, or $0.15 per diluted share, compared to a net loss of $0.7 million, or $0.04 per diluted share, in the same period last year. Adjusted EBITDA increased slightly to $4.8 million from $4.6 million year-over-year. The company is progressing with the sale of its fresh cut business and anticipates closing the transaction in the second fiscal quarter.

Calavo Growers reported a decrease in net sales for the fourth quarter, with a net loss of $7.9 million. The Grown segment saw increased sales, while the Prepared segment experienced a decline. The company is working on selling its fresh cut business and aims to deliver shareholder value in fiscal 2024.

Calavo Growers, Inc. reported financial results for the fiscal third quarter ended July 31, 2023. The company saw a decrease in net sales but an increase in gross profit and net income compared to the prior year quarter. Avocado margins improved, and a new credit facility was established.

Calavo Growers reported a 26% decrease in total revenue, a decline in gross profit, and a net loss for the second quarter of 2023. The Grown segment and Prepared segment both experienced revenue declines. However, avocado margins improved compared to the first quarter, and the company is implementing restructuring activities.

Calavo Growers reported a decrease in total revenue by 18% year-over-year, with Grown segment revenue declining by 27% and Prepared segment revenue decreasing by 3%. The company experienced a net loss of $(3.1) million, or $(0.17) per diluted share, which is an improvement compared to the previous year's net loss of $(4.0) million, or $(0.23) per diluted share.

Calavo Growers, Inc. reported an 11% decline in total revenue to $243.6 million compared to the prior year. However, the company saw improvements in gross profit and adjusted EBITDA, led by the Prepared segment. The Grown segment experienced a slower than anticipated recovery, moderating overall earnings.

Calavo Growers, Inc. reported a 20% increase in total revenue, reaching $342.0 million, driven by growth in both the Grown and Prepared segments. The company achieved a net income of $1.3 million, a substantial improvement from the net loss of $(13.0) million in the prior year, and gross profit increased to $18.5 million, or 5.4% of revenue.

Calavo Growers, Inc. reported a 20% increase in total revenue to $331.4 million for the second quarter of 2022, with sequential improvements in gross profit, EPS, and adjusted EBITDA. However, the company experienced a net loss of $(0.2) million, or $(0.01) per diluted share, compared to a net income of $8.8 million, or $0.50 per diluted share, for the same period last year.

Calavo Growers, Inc. reported a 24% increase in total revenue to $274.1 million for the first quarter ended January 31, 2022. However, the company experienced a net loss of $(4.0) million, or $(0.23) per diluted share, compared to a net income of $5.3 million, or $0.30 per diluted share, for the same period last year. The decrease in gross profit margin reflected inflationary pressures on labor, raw materials and freight combined with supply constrained volume declines and adverse foreign currency impacts in the Fresh segment.

Calavo Growers reported a 17% increase in revenue for the fourth quarter of 2021, reaching $273.4 million. However, the company faced challenges, including inflationary pressures and avocado crop issues, resulting in a net loss of $(13.0) million, or $(0.73) per share. Adjusted net loss was $(1.4) million, or $(0.08) per share.

Calavo Growers reported a 5% increase in revenue to $285.0 million for Q3 2021, but faced significant challenges with inflationary pressures on labor, raw materials, and freight, along with delayed avocado crops. This resulted in a decrease in gross profit and a net loss of $(13.0) million, or $(0.74) per diluted share, compared to a net loss of $(15.6) million, or ($0.89) per diluted share, for the same period last year.

Calavo Growers reported a revenue of $276.8 million, aligning with the high end of guidance and signaling a recovery towards pre-pandemic levels. The company's net income increased to $8.8 million, or $0.50 per diluted share, compared to a net loss in the previous year. Adjusted EBITDA also saw a rise, reaching $15.0 million.

Calavo Growers reported a decrease in revenue but an increase in net income for Q1 2021. Revenue was $220.6 million, a 19% decrease year-over-year, while net income was $5.3 million, compared to a net loss of $0.9 million in the same period last year. The gross profit margin increased due to improvements in the Fresh segment.

Calavo Growers, Inc. reported a 20% decrease in total revenue for Q4 2020, amounting to $234.4 million, compared to $292.2 million in Q4 2019. This decline was primarily due to a 22% decrease in avocado prices and lower revenue in the RFG and Foods segments. However, the gross profit margin improved to 9.0% from 8.4% in the same period last year.

Calavo Growers reported a 24.7% decrease in revenue to $270.4 million, impacted by lower avocado prices and reduced sales in its RFG and Foods segments. The company sustained supply chain continuity and saw gross profit margin improvements in RFG and Foods segments, though it reported a net loss of $15.6 million due to a non-cash loss on FreshRealm note receivable and investment impairment.

Calavo Growers reported a slight decrease in revenue and a significant decrease in gross profit for the second quarter of 2020, primarily due to the impact of COVID-19 on sales volumes in the RFG and Foods business segments. The company experienced a net loss, but adjusted net income remained positive. They also completed the acquisition of Simply Fresh Fruit and had some key management changes.

Calavo Growers reported a 6% increase in revenue, reaching a record $273.3 million for the first quarter. However, gross profit decreased to $15.8 million from $30.8 million in the same period last year, and the company posted a net loss of $0.9 million, or $0.05 per diluted share.