CVGW Earnings Prediction
The chart below shows how CVGW performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CVGW sees a +3.50% change in stock price 10 days leading up to the earnings, and a -3.30% change 10 days following the report. On the earnings day itself, the stock moves by -1.82%. This data can give you a slight idea of what to expect for the next quarter's release.
CVGW Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
132.76M
-51.56%
-45.49%
Gross Margin
9.86%
104.14%
17.94%
Operating Margin
1.09%
241.56%
-18.05%
Net Margin
-0.34%
-77.63%
-76.22%
EPS
-0.17
-26.09%
-10.53%
No Data Available
CVGW Earnings Analysis
Calavo Growers, Inc. Corporation (CVGW.O) Earnings Conference Call
Positive
Positive Point: Avocado import volume from Mexico grew over 8% versus the same quarter in 2022, and industry avocado retail sales volume also increased about 3%, indicating a steady demand for the product.
- The Prepared segment saw volume growth in the deli grab-and-go items category, demonstrating a successful customer acquisition strategy focused on this area.
- The company initiated various improvement activities, such as implementing a new transportation management system to enhance competitiveness and streamlining operations to reduce costs.
- Despite market challenges, the company remains committed to growth, improving performance, and generating shareholder value by focusing on long-term strategic planning and investments.
Negative
Negative
- Grown segment faced challenges with high Mexican avocado volumes and lower retail prices, leading to lower wholesale prices and margins during the quarter. Average case price fell to about $28 versus $34 in the fourth quarter and $43 in the prior year quarter.
- Prepared segment experienced weaker-than-expected performance due to volume softness and winter weather, with total volume down about 13%.
- Weather events in the fresh cut division resulted in about $1 million of unfavorable incremental costs.
- Total revenue decreased by $48 million from the first quarter of 2022, with Grown segment revenue down $45 million and Prepared segment revenue down $4 million.
- Adjusted EBITDA for the first quarter was $3.6 million, a decrease from $4.7 million in the first quarter of 2022.
