U.S. Movers: Calavo Growers, Limoneira

Scott Peters
10 Jun, 2025
New York City

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.

Limoneira Co. edged up 0.9% to $16.33 after the diversified citrus growing, packing, selling, and marketing company with related agribusiness activities and real estate development operations reported financial results for the second quarter ending on April 30.

Revenue declined to $35.12 million from $44.61 million, net income swung to a loss of $3.49 million from a profit of $6.44 million, and diluted earnings per share swung to a loss of 20 cents from a profit of 35 cents a year ago.

The company announced its plan to merge its citrus sales and marketing into Sunkist Growers Inc., expecting to generate $5 million in annual selling and marketing cost savings and EBITDA improvement beginning in fiscal year 2026.

The transaction is expected to be finalized in November.

California-based Limoneira will return to Sunkist as one of its largest lemon growers and an exclusive licensed packer, the agri-food group said in a statement.