CVGW: Calavo Growers, Inc. Instablogs

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Wednesday, June 5, 1:39 PM It's not always easy to gain market-share in the avocado business - just ask Calavo Growers (CVGW -2.5%), whose shares are suffering today after initiatives designed to expand industry leadership cut into Q2 earnings. Nevertheless, the strategy should benefit CVGW's bottom line going forward CEO Lee Cole says, and the company did say revenue increased by 20% Y/Y during the period. In fact, CVGW's expansion (40% more product packed and shipped) single-handedly added 4% to the avocado industry's Y/Y growth in Q2. (PR) Comment! [On the Move]
Wednesday, June 5, 9:03 AM Calavo Growers (CVGW): Q1 EPS of $0.15 misses by $0.23. Revenue of $166.3M (+20% Y/Y) beats by $4.23M. (PR) Comment! [Earnings, Breaking News, Consumer]
Tuesday, March 5, 9:13 AM Calavo Growers (CVGW): Q4 EPS of $0.24 misses by $0.01. Revenue of $139.5M (+18.8% Y/Y) beats by $12.82M. (PR) Comment! [Earnings, Breaking News, Consumer]
Thursday, January 3, 9:02 AM Calavo Growers (CVGW): Q4 EPS of $0.42 beats by $0.02. Revenue of $141.6M. (PR) Comment! [Earnings, Consumer]
Tuesday, October 2, 2012, 1:05 PM Calavo Growers (CVGW) declares $0.65/share annual dividend, 18% increase from prior dividend of $0.55. Forward yield 2.57%. For shareholders of record Nov 28. Payable Dec 12. Ex-div date Nov 26. (PR) Comment! [Dividends]
Wednesday, September 5, 2012, 9:24 AM Calavo Growers (CVGW): Q2 EPS of $0.38 misses by $0.10. Revenue of $153M (-7.2% Y/Y). (PR) Comment!
Monday, June 4, 2012, 3:04 PM Fresh foods supplier Calavo Growers (CVGW -11%) takes a hit after its FQ2 results sharply missed Street estimates earlier today. Net profit dipped 15% Y/Y as an oversupply of avocadoes and tomates pressured selling prices. Comment! [On the Move, Earnings]
Monday, June 4, 2012, 9:07 AM Calavo Growers (CVGW): FQ2 EPS of $0.30 misses by $0.14. Revenue of $139M (+17.1% Y/Y) misses by $25M. (PR) Comment! [Earnings, Consumer]
Wednesday, April 11, 2012, 2:55 PM Calavo Growers (CVGW +2.7%) holds on to gains after Wedbush initiated the shares with an Outperform rating earlier today. Wedbush says the grower is market leader in the avacado industry, and has a solid distribution network to support its burgeoning fresh foods business. The stock should be trading at a 20% premium to its peers, and the firm gives it a 12-month price target of $34. Comment! [On the Move]
Monday, March 5, 2012, 10:10 AM Avocado/tomato distributor Calavo Growers (CVGW -2.7%) heads lower after reporting FQ1 revenue of $117.4M (+29% Y/Y) and EPS of $0.18, missing Street estimates by $11.2M and $0.06. The company blames soft tomato volumes for the shortfall. Calavo expects FY12 EPS to exceed its historical record of $1.22, but given the consensus forecast stands at $1.64, more seems to be expected. (PR) Comment! [Consumer, Earnings, On the Move]

CVGW Calavo Growers, Inc.

CVGW

Calavo Growers, Inc.