Calavo announces Q2 loss and CEO’s departure; shares hit lowest point since 2015
Shares of Calavo Growers slipped more than 17% on Sept. 9, one day after the Santa Paula-based avocado distributor released third quarter earnings that were held back by inflation and said its CEO, James Gibson, is retiring from the post immediately. Calavo closed at $39.20 on Sept. 9, down from $47.26 the day before. The Read More →
Limoneira, Calavo both report earnings growth as produce industry continues recovery
Santa Paula-based agribusinesses Limoneira and Calavo Growers both reported positive earnings in their second quarter financial results released June 8, with both saying their earnings mark a return back to pre-pandemic form. Limoneira reported earnings of $1.5 million for the quarter, or 10 cents per share, up from a loss of $5.3 million in the Read More →
Calavo reports lower revenue, higher earnings
Calavo Growers saw its net income rise by millions, pulling the company out of the red, even as it reported that its first-quarter revenue shrank by 19%. The Santa Paula-based avocado distributor reported net income of $5.3 million, or 30 cents per diluted share, for the first quarter of 2021, when it released its quarterly Read More →
COVID-19 pandemic hurts Calavo Growers earnings
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Calavo Growers misses analyst profit estimates
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Tri-county stocks up amid market rally
Stocks rebounded sharply Mar. 2 on the Central Coast, mirroring the S&P 500, which jumped nearly 4 percent. The most impactful moves were among the mid- and large-cap stocks that make up the majority of publicly traded wealth for tri-county companies. They included Thousand Oaks-based Amgen, up 6.14 percent, and Teledyne Technologies, up 2.54 percent, Read More →
Calavo Growers acquires Simply Fresh Fruit
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