Calavo Growers says operating trajectory remains 'on target' for 2014

theflyonthewall.com

Looking to Fy14 CEO Lee Cole said “Calavo’s operating trajectory remains squarely on target and that he maintains continued confidence and optimism” regarding the company’s prospects in the year ahead. The fresh avocado forecast points to another strong year for the all-source supply. We will again see robust supplies and all early indicators are tracking favorably for sustained, vigorous growth in U.S. avocado consumption in 2014. As significantly, avocado demand is expected to continue growing for many years to come. Our scale-driven packing operations leave us well positioned to leverage these higher volumes to the company’s advantage." On the subject of FreshRealm, Cole called it an “area of considerable promise” and that he is “eagerly awaiting the commercial launch of the new platform in the first half of 2H14." In sum, Calavo expects to further extend our sustained successes in FY14 and anticipates another highly successful year," CEO Cole said.

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