NASDAQ$CVGW
Calavo Growers Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Calavo Growers experienced a challenging third quarter due to inflationary pressures and delayed avocado crops, resulting in a net loss.
Calavo Growers reported a 5% increase in revenue to $285.0 million for Q3 2021, but faced significant challenges with inflationary pressures on labor, raw materials, and freight, along with delayed avocado crops. This resulted in a decrease in gross profit and a net loss of $(13.0) million, or $(0.74) per diluted share, compared to a net loss of $(15.6) million, or ($0.89) per diluted share, for the same period last year.
- Total revenue increased by 5% year-over-year to $285.0 million.
- Fresh segment revenue was flat, while RFG and Foods segments revenues increased by 14% and 12%, respectively.
- Gross profit decreased to $7.9 million, or 2.8% of revenue, compared to $30.8 million, or 11.4% of revenue, in the year-ago quarter.
- Net loss was $(13.0) million, or $(0.74) per diluted share, compared to a net loss of $(15.6) million, or ($0.89) per diluted share, for the same period last year.
Headline financials
Revenue & EPS history
Calavo Growers · Revenue · Quarterly
$285M
Revenue by segment
Calavo Growers · $162M total across 1 segment · Q3 2021
- Fresh$162M-0.3%100.0%
Forward guidance
Calavo has refrained from providing revenue or adjusted EBITDA expectations until the environment has stabilized.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2021
-0.3%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+0.9%
Avg return
30 days after
46%
30 / 65 earnings
Positive
+17.1%
Q3 2016
Best reaction
-27.0%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -5.3% | -1.7% | +10.4% | |
| Q4 2025 | +13.3% | +14.7% | +15.5% | |
| Q3 2025 | -2.6% | -0.3% | -9.3% | |
| Q2 2025 | +0.0% | +0.3% | -5.2% | |
| Q1 2025 | -1.4% | +8.2% | +10.1% | |
| Q4 2024 | -4.5% | +4.8% | +0.8% | |
| Q3 2024 | +10.3% | +20.3% | +14.8% | |
| Q2 2024 | +6.5% | -0.7% | -17.2% | |
| Q4 2023 | -10.9% | -8.6% | +5.1% | |
| Q3 2023 | +1.4% | -16.9% | -21.9% | |
| Q2 2023 | -1.0% | -4.0% | -10.2% | |
| Q1 2023 | -27.0% | -25.3% | -11.9% | |
| Q4 2022 | -15.2% | -13.4% | -7.0% | |
| Q3 2022 | -16.5% | -12.1% | -24.5% | |
| Q2 2022 | +12.6% | +17.8% | +25.0% | |
| Q1 2022 | -2.8% | -4.1% | +6.0% | |
| Q4 2021 | +3.4% | +1.2% | +3.7% | |
| Q3 2021 | -18.5% | -26.4% | -22.7% | |
| Q2 2021 | -7.7% | -7.3% | -17.3% | |
| Q1 2021 | -3.8% | -2.9% | -8.2% | |
| Q4 2020 | -7.9% | -3.9% | +2.7% | |
| Q3 2020 | +3.5% | +1.3% | +9.3% | |
| Q2 2020 | -4.4% | -10.2% | -8.0% | |
| Q1 2020 | -8.7% | -1.2% | +10.0% | |
| Q4 2019 | +4.9% | +7.1% | -7.9% | |
| Q3 2019 | +11.4% | +5.6% | +2.9% | |
| Q2 2019 | +0.6% | +4.8% | +5.2% | |
| Q1 2019 | -1.1% | -1.7% | +7.2% | |
| Q4 2018 | -11.5% | -13.4% | -0.5% | |
| Q3 2018 | +0.1% | +3.0% | -6.5% | |
| Q2 2018 | -6.1% | -6.3% | +9.3% | |
| Q1 2018 | +2.9% | +6.6% | +7.5% | |
| Q4 2017 | +5.0% | +4.3% | +16.8% | |
| Q3 2017 | +1.9% | +4.1% | +10.4% | |
| Q2 2017 | +7.8% | +10.3% | -2.6% | |
| Q1 2017 | +5.8% | +8.1% | +17.3% | |
| Q4 2016 | +13.0% | +13.7% | +1.6% | |
| Q3 2016 | +17.1% | +14.4% | +8.0% | |
| Q2 2016 | +14.7% | +15.6% | +17.9% | |
| Q1 2016 | +10.8% | — | — | |
| Q4 2015 | -2.2% | — | — | |
| Q3 2015 | -14.7% | — | — | |
| Q2 2015 | +13.2% | — | — | |
| Q1 2015 | +10.4% | — | — | |
| Q4 2014 | -15.9% | — | — | |
| Q3 2014 | +11.5% | — | — | |
| Q2 2014 | +9.1% | — | — | |
| Q1 2014 | -4.8% | — | — | |
| Q4 2013 | +8.0% | — | — | |
| Q3 2013 | -1.4% | — | — | |
| Q2 2013 | -5.3% | — | — | |
| Q1 2013 | +1.5% | — | — | |
| Q4 2012 | -0.4% | — | — | |
| Q3 2012 | -10.8% | — | — | |
| Q2 2012 | -13.2% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q1 2012 | -1.2% | — | — | |
| Q2 2011 | +3.4% | — | — | |
| Q4 2011 | +3.4% | — | — | |
| Q4 2009 | +3.4% | — | — | |
| Q4 2010 | -0.4% | — | — | |
| Q3 2011 | -0.4% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q2 2010 | -2.6% | — | — | |
| Q1 2010 | +1.8% | — | — |
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