NASDAQ$CVGW
Calavo Growers Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Calavo Growers' Q4 2020 financial performance reflected a decrease in total revenue, impacted by lower avocado prices and reduced sales in the RFG and Foods segments, although gross profit margin percentage improved due to enhancements in the RFG and Foods segments.
Calavo Growers, Inc. reported a 20% decrease in total revenue for Q4 2020, amounting to $234.4 million, compared to $292.2 million in Q4 2019. This decline was primarily due to a 22% decrease in avocado prices and lower revenue in the RFG and Foods segments. However, the gross profit margin improved to 9.0% from 8.4% in the same period last year.
- Total revenue decreased by 20% year-over-year to $234.4 million, influenced by lower avocado prices and reduced sales in RFG and Foods segments.
- Gross profit increased to $21.2 million, with a margin of 9.0%, compared to $24.6 million and 8.4% margin in the prior year, driven by improvements in RFG and Foods segments.
- Net income rose to $6.2 million, or $0.35 per diluted share, from $5.2 million, or $0.30 per diluted share, in the comparable period.
- Adjusted EBITDA was $13.4 million, a decrease from $14.8 million in the same period last year, primarily due to $2.5 million in non-recurring charges related to legacy items.
Headline financials
Revenue & EPS history
Calavo Growers · Revenue · Quarterly
$234M
Revenue by segment
Calavo Growers · $119M total across 1 segment · Q4 2020
- Fresh$119M-17.7%100.0%
Forward guidance
Calavo provided expectations solely for the first fiscal quarter of 2021, with revenue in the range of $215 million to $225 million and adjusted EBITDA in the range of $7 million to $10 million.
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 Q4 2020
-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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