NASDAQ$CVGW
Calavo Growers Inc · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
Calavo Growers' financial performance for Q4 2024 was announced, with net sales increasing and net loss from continuing operations improving.
Calavo Growers reported a 19.5% increase in net sales to $170.0 million for the fourth quarter of 2024, driven by growth in the Grown segment. The net loss from continuing operations improved, while adjusted EBITDA decreased due to higher incentive compensation. The company is optimistic about fiscal year 2025, anticipating double-digit growth in avocado and guacamole sales volumes.
- Total net sales increased by 19.5% to $170.0 million compared to the prior year quarter.
- Grown segment net sales increased by 23.4%, while Prepared segment net sales decreased by 9.4%.
- Net loss from continuing operations improved by approximately 48% compared to the same quarter last year.
- Adjusted EBITDA decreased by approximately 16%, primarily due to an increase in incentive compensation.
Headline financials
Revenue & EPS history
Calavo Growers · Revenue · Quarterly
$170M
Revenue by segment
Calavo Growers · $116M total across 1 segment · Q3 2023
- Prepared$116M-14.2%100.0%
Forward guidance
Calavo Growers anticipates double-digit growth in avocado and guacamole sales volumes and overall revenue for fiscal year 2025, driven by new customer acquisition, product innovations, deeper penetration within existing accounts, and expanded global sourcing strategies. The company expects these initiatives to drive meaningful value creation for shareholders, supported by a focus on cost discipline and efficiencies in SG&A expenses.
Tailwinds
- Strategic focus on operational optimization
- Disciplined execution
- Leveraging organic growth opportunities
- Double-digit growth anticipated in avocado and guacamole sales volumes
- Double-digit growth anticipated in overall revenue
Headwinds
- USDA limitations on inspection hours in Mexico.
- Isolated pest challenges in Michoacan.
- Projected decline in tomato volumes.
- Higher fruit costs compared to the prior year quarter in the Prepared segment.
- Increase in incentive compensation
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 2024
-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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