Calavo Growers, Inc. Announces Second Quarter 2020 Financial Results
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Calavo Growers (CVGW) Misses Q1 EPS by 8c, Revenues Miss
June 8, 2020 4:03 PM EDTCalavo Growers (NASDAQ: CVGW) reported Q1 EPS of $0.40, $0.08 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $281.2 million versus the consensus estimate of $313.23 million.
Second Quarter Highlights
Total revenue of $281.2 million, essentially flat with fiscal second quarter 2019 despite a profound impact on volume from COVID-19.
Gross profit of $22.1 million compared to $36.8 million last year.
Net loss of $3.3 million and adjusted net income of $7.0 million.
Diluted loss per share of $(0.19) and adjusted diluted earnings per share of $0.40.
Completed the acquisition of Simply Fresh Fruit (SFFI), a high-quality... More
