Calavo Growers, Inc. Announces Third Quarter 2020 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/2/2026
- GoPro to merge with Starman Optical in $285M recapitalization deal
- GoPro (GPRO) Halted, News Pending
- Crude Inventory Fell 4.5M Barrels Last Week - EIA
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- TScan cuts 75% of workforce, pivots to solid tumor cell therapy
Calavo Growers (CVGW) Tops Q3 EPS by 1c, Revenues Miss
September 8, 2020 4:03 PM EDTCalavo Growers (NASDAQ: CVGW) reported Q3 EPS of $0.73, $0.01 better than the analyst estimate of $0.72. Revenue for the quarter came in at $270.4 million versus the consensus estimate of $325.37 million.
Third Quarter Highlights
Total revenue of $270.4 million, a 24.7% decrease year-over-year, reflecting 18.2% growth in avocado volume offset by lower avocado prices and lower sales in the Renaissance Food Group (RFG) and Foods segments.Gross profit of $30.8 million, or 11.4% of revenue, compared to $35.8 million, or 10.0% of revenue, for the comparable period last year. The increase in gross profit margin was attributable to continued gross... More