U.S. Movers: Calavo Growers
- Scott Peters
- Select
-
Calavo Growers, the provider of avocado, tomato, and papaya products, failed to meet analyst expectations despite reporting higher sales and earnings in the second quarter.
Calavo Growers Inc. plunged 13.5% to $23.95 despite the provider of avocado, tomato, and papaya products reporting improved results for the fiscal second quarter ending on April 30.
Net sales increased to $190.55 million from $184.38 million, net income jumped to $6.85 million from $6.06 million, and diluted earnings per share rose to 38 cents from 34 cents a year ago.
Fresh segment sales edged up 4.7%, and prepared segment sales climbed 9.9% from a year ago, respectively.
Net sales for the six months ending in April increased to $344.93 million from $311.99 million, net income swung to a profit of $11.26 million from a loss of $205 million, and diluted earnings per share swung to a profit of 63 cents from a loss of 1 cent a year earlier.
In the six months, fresh segment sales jumped 12.4% and prepared segment sales rose 5.4% from a year ago, respectively.
Annual Returns
| Company | Ticker | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Calavo Growers Inc | CVGW | -11% | -2% | -14% |