Calavo Growers ( (CVGW) ) has released its Q3 earnings. Here is a breakdown of the information Calavo Growers presented to its investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Calavo Growers, Inc. is a leading company in the fresh produce industry, specializing in the sourcing, packing, and distribution of avocados, tomatoes, papayas, and the processing of guacamole and other avocado products. The company operates globally, providing a wide range of products to retail grocers, foodservice operators, and wholesalers.
In its latest earnings report for the quarter ending July 31, 2025, Calavo Growers reported net sales of $178.8 million, a slight decrease from the previous year’s $179.6 million. The company’s gross profit for the quarter was $18.2 million, down from $20.1 million in the same period last year. The company also faced challenges due to a temporary FDA detention hold on certain avocados, impacting inventory and costs.
Key financial highlights include a net income of $4.7 million for the quarter, compared to a net loss of $0.7 million in the same period last year. The company reported a basic earnings per share of $0.26 from continuing operations, showing improvement from the previous year’s loss. Calavo Growers also maintained a strong cash position with $63.8 million in cash and cash equivalents.
Despite the challenges faced during the quarter, including regulatory issues and market fluctuations, Calavo Growers remains optimistic about its future performance. The company is focused on resolving outstanding tax matters in Mexico and is pursuing potential insurance recoveries related to the FDA hold. Management continues to emphasize operational efficiency and strategic growth initiatives to enhance shareholder value.
Looking ahead, Calavo Growers is committed to navigating the complexities of the global trade environment while leveraging its expertise in fresh produce to drive sustainable growth. The company aims to strengthen its market position by expanding its product offerings and optimizing its supply chain operations.