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Calavo Growers: Q3 Earnings Insights

Benzinga Insights

Shares of Calavo Growers (NASDAQ:CVGW )were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 19.78% over the past year to $0.73, which beat the estimate of $0.72.

Revenue of $270,425,000 declined by 24.74% from the same period last year, which missed the estimate of $325,370,000.

Guidance

Calavo Growers hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Sep 08, 2020

View more earnings on CVGW

Time: 05:00 PM

ET Webcast URL: http://public.viavid.com/player/index.php?id=141226

Price Action

52-week high: $99.71

52-week low: $48.31

Price action over last quarter: down 2.78%

Company Overview

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. The company procures avocados from California, Mexico and other growing regions around the world. Calavo is segmented into three segments namely, Fresh products; Calavo Foods; and RFG. It derives most of its revenue from its Fresh products segment.

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