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Jun. 5, 2013, 1:39 PMIt'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!
Jun. 4, 2012, 3:04 PM
Apr. 11, 2012, 2:55 PMCalavo 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!
Mar. 5, 2012, 10:10 AMAvocado/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!
CVGW vs. ETF Alternatives
Calavo Growers Inc is in the avocado industry and an expanding provider of value-added fresh food. It sells avocados to a group of supermarket chains, wholesalers, food service and other distributors, under brand labels, as well as private labels.
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