Calavo Growers, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended July 31, 2022
September 01, 2022 at 04:05 pm EDT
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Calavo Growers, Inc. reported earnings results for the third quarter and nine months ended July 31, 2022. For the third quarter, the company reported sales was USD 341.99 million compared to USD 285.01 million a year ago. Net income was USD 1.3 million compared to net loss of USD 12.98 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to basic loss per share from continuing operations of USD 0.74 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to diluted loss per share from continuing operations of USD 0.74 a year ago.
For the nine months, sales was USD 947.5 million compared to USD 782.41 million a year ago. Net loss was USD 2.93 million compared to net income of USD 1.14 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.17 compared to diluted earnings per share from continuing operations of USD 0.06 a year ago.
Calavo Growers, Inc. is a provider of value-added fresh food in the avocado industry. The Company is engaged in marketing and distributing avocados, prepared avocados, and other perishable foods to retail grocery, foodservice, club stores, mass merchandisers, food distributors and wholesalers on a worldwide basis. It procures avocados from California, Mexico and other growing regions around the world. Through its various operating facilities, it sorts, packs, and/or ripens avocados, tomatoes and/or Hawaiian grown papayas, creates, process and packages a portfolio of healthy fresh foods, including fresh-cut fruit and vegetables, and prepares foods and process and package guacamole. The Grown segment consists of fresh avocados, tomatoes and papayas. The Prepared segment comprises all other products including fresh-cut fruits and vegetables, ready-to-eat sandwiches, wraps, saladsand snacks, guacamole, and salsa sold at retail and food service, as well as avocado pulp sold to foodservice.
CALAVO GROWERS, INC. 
