Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates in three segments: Fresh Products, Calavo Foods, and Renaissance Food Group (RFG). The Fresh products segment distributes avocados and other fresh produce products; and procures avocados grown in California, Mexico, and Peru, as well as various other commodities, including tomatoes and papayas. The Calavo Foods segment is involved in purchasing, manufacturing, and distributing prepared avocado products, including guacamole and salsa. The RFG segment manufactures and distributes fresh-cut fruits and vegetables, fresh prepared entrée salads, wraps, sandwiches, and fresh snacking products, as well as ready-to-heat entrees, other hot bar and various deli items, meals kits and related components, and salad kits. The company offers its products under the Calavo and RFG brands, and related logos; and Avo Fresco, Bueno, Calavo Gold, Calavo Salsa Lisa, Salsa Lisa, Celebrate the Taste, El Dorado, Fresh Ripe, Select, Taste of Paradise, The First Name in Avocados, Tico, Mfresh, Maui Fresh International, Triggered Avocados, ProRipeVIP, RIPE NOW!, Garden Highway Fresh Cut, Garden Highway, and Garden Highway Chef Essentials trademarks. Calavo Growers, Inc. was founded in 1924 and is headquartered in Santa Paula, California.
IPO Year:
Exchange: NASDAQ
Website: calavo.com
SANTA PAULA, Calif., May 22, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole, today announced that it plans to release financial results for the fiscal second quarter ended April 30, 2025, after the market closes on Monday, June 9, 2025. About Calavo Growers, Inc.Calavo Growers, Inc. (NASDAQ:CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas and guacamole. Calavo products are marketed under the trusted Calavo brand, proprietary sub-brands, and various private label and store brands. Founded in 1924, Calavo has a rich culture of innovatio
SANTA PAULA, Calif., April 22, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado industry and provider of value-added fresh food (the "Company" or "Calavo"), today announced that following the formal business of the 2025 annual shareholder meeting (the "Annual Meeting"), the Company will provide a general business update. The Annual Meeting will be held at 1:00 p.m. Pacific Time on Wednesday, April 23, 2025. Holders of record at the close of business on February 24, 2025, will be entitled to participate, submit questions and vote at the Annual Meeting by following the instructions available on the virtual meeting website at www.virtualsharehol
SANTA PAULA, Calif., March 18, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado industry and provider of value-added fresh food (the "Company" or "Calavo"), today announced that its Board of Directors has authorized a share repurchase program of up to $25 million of the Company's outstanding common stock. "This repurchase program underscores our confidence in our long-term strategy, financial position, and ability to drive shareholder value," said Lee Cole, President and CEO of Calavo. "Together with our strong balance sheet, expected cash flow generation, and robust liquidity position, this repurchase program demonstrates our commitment
SANTA PAULA, Calif., March 12, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado industry leader and provider of value-added fresh food, today reported its financial results for the fiscal first quarter ended January 31, 2025. First Quarter Financial Overview Total net sales of $154.4 million, a 21.0% increase from the prior year quarter. Fresh1 segment sales increased $26.8 million, or 23.7%, from the prior year quarter.Prepared segment sales remained essentially flat from the prior year quarter. Gross profit of $15.7 million, a 46.2% increase from the prior year quarter. Fresh segment gross profit of $12.1 million, an 88.8% increase from th
SANTA PAULA, Calif., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole, today announced that it plans to release financial results for the fiscal first quarter ended January 31, 2025, after the market closes on Wednesday, March 12, 2025. About Calavo Growers, Inc.Calavo Growers, Inc. (NASDAQ:CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas and guacamole. Calavo products are marketed under the trusted Calavo brand, proprietary sub-brands, and various private label and store brands. Founded in 1924, Calavo has a rich culture of
SANTA PAULA, Calif., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of value-added fresh food, today announced that its Board of Directors has elected Farha Aslam as its Chair effective immediately. "I am honored to serve as Chair of Calavo Growers, and I appreciate the opportunity to play an integral role in this 100-year-old company," Ms. Aslam said. "Calavo has a heritage of leadership in the avocado industry, and today it is capitalizing on its position in this attractive category with robust consumer demand. The Company is well positioned for growth given its strong relationships with growers and customers, attr
SANTA PAULA, Calif., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of value-added fresh food, today reported its financial results for the fiscal fourth quarter and fiscal year ended October 31, 2024. Introductory Note: In the first quarter of 2024, we concluded that the Fresh Cut (formerly RFG) business met the requirements to be classified as held for sale and discontinued operations. As a result, the financial results of that business are reported as discontinued operations in this press release. The divestiture of the Fresh Cut business occurred on August 15, 2024. Prior to the decision to divest our Fresh Cut b
SANTA PAULA, Calif., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of $0.20 per share. The dividend is to be paid on January 31, 2025, to shareholders of record as of the close of business on January 10, 2025. About Calavo Growers, Inc.Calavo Growers, Inc. (NASDAQ:CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas and guacamole. Calavo products are marketed under the trusted Calavo brand, proprietary sub-brands, and various priv
SANTA PAULA, Calif., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole, today announced that it plans to release financial results for the fiscal fourth quarter and fiscal year ended October 31, 2024 and file its Form 10-K for the 2024 fiscal year after the market closes on Tuesday, January 14, 2025. As an "accelerated filer," the Company is allowed up to 75 days following its fiscal year-end to file a Form 10-K. About Calavo Growers, Inc.Calavo Growers, Inc. (NASDAQ:CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas and guacamol
MOUNT LAUREL, N.J., Nov. 21, 2024 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (NASDAQ:JJSF) (the "Company") today announced that Shawn Munsell has been named Chief Financial Officer of the Company, effective December 2, 2024. Mr. Munsell takes over the role from Ken Plunk, who is retiring and will support the transition until the end of the year. Mr. Munsell is a seasoned executive with over 15 years of finance and operating leadership experience at US publicly listed companies in food and agriculture. Most recently, he served as Chief Financial Officer at Calavo Growers (NASDAQ:CVGW), a global leader in avocados and prepared food products, where he oversaw the company's finance organizat
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Lake Street resumed coverage of Calavo Growers with a rating of Buy and set a new price target of $85.00
Lake Street Capital reiterated coverage of Calavo Growers with a rating of and set a new price target of $73.00 from $62.00 previously
DA Davidson resumed coverage of Calavo Growers with a rating of Neutral and set a new price target of $84.00
Seaport Global Securities initiated coverage of Calavo Growers with a rating of Neutral
Seaport Global Securities initiated coverage of Calavo Growers with a rating of Neutral
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SANTA PAULA, Calif., May 22, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole, today announced that it plans to release financial results for the fiscal second quarter ended April 30, 2025, after the market closes on Monday, June 9, 2025. About Calavo Growers, Inc.Calavo Growers, Inc. (NASDAQ:CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas and guacamole. Calavo products are marketed under the trusted Calavo brand, proprietary sub-brands, and various private label and store brands. Founded in 1924, Calavo has a rich culture of innovatio
SANTA PAULA, Calif., March 12, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado industry leader and provider of value-added fresh food, today reported its financial results for the fiscal first quarter ended January 31, 2025. First Quarter Financial Overview Total net sales of $154.4 million, a 21.0% increase from the prior year quarter. Fresh1 segment sales increased $26.8 million, or 23.7%, from the prior year quarter.Prepared segment sales remained essentially flat from the prior year quarter. Gross profit of $15.7 million, a 46.2% increase from the prior year quarter. Fresh segment gross profit of $12.1 million, an 88.8% increase from th
SANTA PAULA, Calif., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole, today announced that it plans to release financial results for the fiscal first quarter ended January 31, 2025, after the market closes on Wednesday, March 12, 2025. About Calavo Growers, Inc.Calavo Growers, Inc. (NASDAQ:CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas and guacamole. Calavo products are marketed under the trusted Calavo brand, proprietary sub-brands, and various private label and store brands. Founded in 1924, Calavo has a rich culture of
SANTA PAULA, Calif., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of value-added fresh food, today reported its financial results for the fiscal fourth quarter and fiscal year ended October 31, 2024. Introductory Note: In the first quarter of 2024, we concluded that the Fresh Cut (formerly RFG) business met the requirements to be classified as held for sale and discontinued operations. As a result, the financial results of that business are reported as discontinued operations in this press release. The divestiture of the Fresh Cut business occurred on August 15, 2024. Prior to the decision to divest our Fresh Cut b
SANTA PAULA, Calif., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of $0.20 per share. The dividend is to be paid on January 31, 2025, to shareholders of record as of the close of business on January 10, 2025. About Calavo Growers, Inc.Calavo Growers, Inc. (NASDAQ:CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas and guacamole. Calavo products are marketed under the trusted Calavo brand, proprietary sub-brands, and various priv
SANTA PAULA, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole, today reported its financial results for the fiscal third quarter ended July 31, 2024. Third Quarter Financial Overview Introductory Note: In the first quarter of 2024, we concluded that the Fresh Cut (formerly RFG) business meets the requirements to be classified as held for sale and discontinued operations. As a result, the financial results of that business are reported as discontinued operations in this press release. The divestiture of the Fresh Cut business occurred on August 15, 2024. Prior
SANTA PAULA, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado industry, today announced that it will release financial results for the fiscal third quarter ended July 31, 2024, after the market closes on Monday, September 9. About Calavo Growers, Inc.Calavo Growers, Inc. (Nasdaq-GS: CVGW) is a global leader in high quality produce, including avocados, tomatoes and papayas. Calavo products are sold under the trusted Calavo brand name, proprietary sub-brands, private label and store brands. Founded in 1924, Calavo has a rich culture of innovation, sustainable practices and market growth. The Company serves retail grocery, foods
SANTA PAULA, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado industry leader and provider of convenient, ready-to-eat fresh food, today reported its financial results for the fiscal second quarter ended April 30, 2024. Second Quarter Financial Overview Introductory Note: In the first quarter of 2024, we concluded that the fresh cut (formerly RFG) business meets the requirements to be classified as held for sale and discontinued operations. As a result, the financial results of that business are reported as discontinued operations in this press release. Prior to the decision to divest our fresh cut business, the Company's Prepared report
SANTA PAULA, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado and value-added fresh food industries, today announced that it will release financial results for the fiscal second quarter ended April 30, 2024, after the market closes on Monday, June 10. About Calavo Growers, Inc. Calavo Growers, Inc. (NASDAQ:CVGW) is a global leader in high quality produce, including avocados, tomatoes and papayas, and a pioneer of healthy fresh-cut fruit, vegetables and prepared foods. Calavo products are sold under the trusted Calavo brand name, proprietary sub-brands, private label and store brands. Founded in 1924, Calavo has a rich culture
SANTA PAULA, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (NASDAQ:CVGW) ("Calavo" or the "Company"), a global avocado industry leader and provider of convenient, ready-to-eat fresh food, yesterday at its Annual Meeting of Shareholders said in a business update that: The Company has made significant progress toward completing the proposed sale of the Fresh Cut business (formerly "RFG") and related real property and expects to close in May 2024As previously shared, the expected uses of sale proceeds would include paying down debt and returning cash to shareholdersThe Company's internal investigation into potential Foreign Corrupt Practices Act violations in Mexico is wind
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MOUNT LAUREL, N.J., Nov. 21, 2024 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (NASDAQ:JJSF) (the "Company") today announced that Shawn Munsell has been named Chief Financial Officer of the Company, effective December 2, 2024. Mr. Munsell takes over the role from Ken Plunk, who is retiring and will support the transition until the end of the year. Mr. Munsell is a seasoned executive with over 15 years of finance and operating leadership experience at US publicly listed companies in food and agriculture. Most recently, he served as Chief Financial Officer at Calavo Growers (NASDAQ:CVGW), a global leader in avocados and prepared food products, where he oversaw the company's finance organizat
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
SANTA PAULA, Calif., June 04, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado and value-added fresh food industries, today announced the appointment of John Lindeman to its Board of Directors and Audit Committee, effective June 3, 2024. "We are excited to welcome John to our Board of Directors," said Steven Hollister, Chairman of the Board of Directors of Calavo Growers. "John has extensive experience in corporate finance, strategy, and leadership and has deep knowledge of Calavo and the avocado industry having served as Calavo's Chief Financial Officer for several years. We welcome John back to the organization and look forward to his insig
SANTA PAULA, Calif., March 13, 2023 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (NASDAQ:CVGW) ("Calavo" or the "Company"), a global avocado-industry leader and provider of convenient, ready-to-eat fresh food, today announced that Lee E. Cole is returning to lead Calavo as President and Chief Executive Officer, effective immediately. Mr. Cole has agreed to lead the Company for three years with the goal of returning the company to a position of growth and shareholder value creation. Mr. Cole succeeds Brian W. Kocher, who has stepped down from his role. Mr. Cole served as Calavo's President and Chief Executive Officer from 1999 until his retirement on January 31, 2020. He served as a Director o
SANTA PAULA, Calif., Dec. 22, 2021 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of value-added fresh food, today announced it has appointed Brian W. Kocher as President and Chief Executive Officer of the company effective Feb. 1, 2022. "After conducting a thorough search, including interviews with several well qualified candidates, Brian Kocher was the clear choice of our Board of Directors to become the next President and Chief Executive Officer of Calavo Growers," said Calavo Chairman J. Link Leavens. "Brian's deep knowledge, expertise and operational leadership in the fresh produce industry as a CEO, COO and CFO make him uniq
SANTA PAULA, Calif., Nov. 17, 2021 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW) ("Calavo" "Company"), a global avocado-industry leader and provider of value-added fresh food, today announced the appointment of Adriana G. Mendizabal to its Board of Directors, effective December 1, 2021. Mendizabal has a career spanning more than 30 years leading successful business turnarounds and transformations and igniting new businesses to achieve sustainable growth. She is Group President for Stanley Black & Decker Latin America, a role she has held since 2019. Prior to her current position, Mendizabal was with Nature's Sunshine Products from 2012 to 2019 where she was Business Unit
OMAHA, Neb., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Green Plains Inc. (NASDAQ:GPRE) today announced the appointment of Farha Aslam to its Board of Directors (the "Board") as an independent director, effective Oct. 26, 2021. Ms. Aslam's appointment fills the vacancy created by the retirement of Gene Edwards from the Board in August 2021. Ms. Aslam is a leading expert in agribusiness, having covered the sector for more than two decades as an analyst for firms including Merrill Lynch & Co. and Stephens Inc. She is currently Managing Partner of Crescent House Capital, an advisory practice she founded that develops operating and investment strategies for companies, investors, and service providers
SANTA PAULA, Calif., Sept. 15, 2021 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado and value-added fresh food industries, today announced that Mariela Matute has been appointed Chief Financial Officer, effective October 11, 2021. "We are excited to welcome Mariela Matute as an integral member of our management team," said Steven Hollister, interim Chief Executive Officer of Calavo Growers. "Mariela has an impressive combination of financial expertise and relevant industry background, including food production and agriculture, which make her highly qualified to assume the role of CFO. She is a proven senior financial leader, joining us most recen
SANTA PAULA, Calif., Sept. 08, 2021 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado and value-added fresh food industries, today announced that James Gibson will retire as Chief Executive Officer, effective September 9, 2021. Steven Hollister, a member of Calavo's Board of Directors since 2008, will assume the role of Interim CEO. The Board has engaged an executive search firm to identify Mr. Gibson's successor. In addition to his role of Interim CEO, Mr. Hollister will also serve as interim Chief Financial Officer until a new CFO is appointed, and Farha Aslam will return to her role as an independent director. Mr. Gibson will continue as an emplo
SANTA PAULA, Calif., June 17, 2021 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado and value-added fresh food industries, today announced that Kevin Manion, Chief Financial Officer (CFO), will be departing the Company effective July 16, 2021. Farha Aslam, a financial expert serving on Calavo's Board of Directors, will assume the CFO role on an interim basis. The Company has engaged an executive search firm to identify candidates as Mr. Manion's successor. Mr. Manion will continue to work with the Company through his employment term, and thereafter as a consultant to ensure a smooth transition. "On behalf of Calavo, I want to thank Kevin for his c