Tag: calavo growers

September 16, 2009 General Ag News and Notes Post a Comment

Calavo Growers to Present at Canaccord Adams ‘Healthy Living’ Investment Conference – Yahoo! Finance

Updated Investor Presentation Posted on Company Web Site

SANTA PAULA, Calif.–(BUSINESS WIRE)–Calavo Growers, Inc. (Nasdaq:CVGW-News), a global leader in avocado marketing and an expanding provider of other fresh perishable produce items, today announced that will be among 24 presenting companies at the Canaccord Adams Healthy Living Investment Conference on Wednesday, Sept. 23, 2009, in Boston. Michael Lippold, Director of Strategic Development, will make a company presentation.

The company also disclosed that an updated investor presentation was posted on its web site, which will be used at the Canaccord and other impending financial community meetings. The presentation is available at www.calavo.com under the "Investor Relations" section.[Calavo_investor_presentation]

About Calavo Growers, Inc.

Calavo Growers, Inc. is the worldwide leader in the procurement and marketing of fresh avocados and other perishable foods, as well as the manufacturing and distribution of processed avocado products. Founded in 1924, Calavo’s expertise in marketing and distributing avocados, processed avocados, and other perishable products enables it to serve food distributors, produce wholesalers, supermarkets and restaurants on a global basis.

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September 3, 2009 General Ag News and Notes Post a Comment

Calavo says 3Q profit jumps on higher sales – Yahoo! Finance

aplogo

SANTA PAULA, Calif. (AP) — Avocado distributor Calavo Growers Inc. said Thursday its third-quarter profit jumped 77 percent as sales rose by a double-digit percentage and gross margins improved.

The Santa Paula, Calif.-based company earned $2.5 million, or 17 cents per share, in the three months that ended July 31, up from $1.4 million, or 10 cents per share, a year earlier.

Revenue rose 10 percent to $106.3 million from $96.9 million.

Calavo said its total gross margin as a percentage of net sales rose to 9.3 percent from 7.9 percent a year ago.

Its shares rose 83 cents, or 4.8 percent, to $18.02 in morning trading Thursday.

Calavo says 3Q profit jumps on higher sales – Yahoo! Finance

August 12, 2009 General Ag News and Notes Post a Comment

CALAVO fails marketing goals

Calavo Growers (CVGW) has been added to the Hawaii Agriculture Blog “Hawaii Agriculture and Related Stocks Annual Charts” page to show the contrast of their lack of success in marketing fresh pineapple in California with the success of their stock performance.

Calavo Chairman, President and CEO Lee E. Cole on the favorable implications of the sales marketing and distribution agreement of Maui Gold Pineapple for Calavo

“First, we anticipate that sales of Maui Gold fresh pineapples will contribute $25-30 million in revenues to Calavo’s top line in fiscal 2008, as well as become immediately accretive to earnings.”

calavao-vs-mlp
As opposed to Maui Land and Pineapple Company’s Inc (MLP) filed Quarterly Report (10-Q) for the period ended 2009-06-30.

Revenues for the Agriculture segment decreased by 14%, or $749,000, from $5.3 million for the second quarter of 2008 to $4.5 million for the second quarter of 2009, primarily due to a reduction in pineapple juice sales volume and lower average prices for fresh pineapple. Pineapple juice sales represented approximately 5% of the Agriculture segment revenues in the second quarter of 2009 compared to approximately 13% of Agriculture segment revenues in the second quarter of 2008. The Agriculture segment reported an operating loss of $5.0 million for the second quarter of 2009 compared to an operating loss of $4.6 million for the second quarter of 2008. The operating loss for the second quarter of 2009 includes a charge of $1.9 million representing an adjustment to the fair value less selling costs of our property in Kahului that includes our fresh fruit processing plant. The Kahului property is currently held for sale.

January 9, 2008 General Ag News and Notes, Vegtables Post a Comment

California Co. buys Hawaii papaya operations | starbulletin.com | Business | /2008/05/21/

 

Calavo Growers is buying Hawaii Pride and Hawaiian Sweet

By Nina Wu
nwu@starbulletin.com

Calavo Growers of California has acquired papaya and tropical-product packing and processing operations on the Big Island for between $10 million and $14 million.

Calavo Growers is buying Hawaiian Sweet Inc. and Hawaii Pride LLC from Calavo’s chairman, president and CEO Lee E. Cole.

The deal gives Calavo operations that pack an estimated 65 to 70 percent of all Hawaiian-grown papayas and 80 percent of Hawaii’s exports to the mainland.

Calavo, which got its start in avocados, also acquired 3,000 acres on the Big Island, in addition to two fresh-papaya packinghouses and cooling facilities, and papaya and guava puree operations.

The acquisition comes on the heels of Calavo’s deal with Maui Pineapple Company Ltd. to sell, market and distribute its Maui Gold fresh product throughout the continental U.S. and Canada in December.

Calavo, which presently ships about 200,000 pounds of fresh papayas to the mainland per week, believes there is plenty of room for growth. Since 1949, the company has sold and marketed Hawaiian papayas, which continued after Cole’s acquisition of Hawaiian Sweet in the early 1990s.

"Calavo transitions from simply being paid a commission on its papaya sales to collecting full margin based on its ownership of the papaya and tropical-product operations," said Calavo chief operating officer Arthur J. Bruno. "We are confident that our company’s depth of financial and operational resources, along with a growing position in the tropical-produce category, can propel these acquired assets to the next level."

Bruno said the company anticipates increasing the earnings of both Hawaiian Sweet and Hawaiian Pride, including more than $8 million in tangible assets from the collective packing and processing facilities and agricultural land, he said

California Co. buys Hawaii papaya operations | starbulletin.com | Business | /2008/05/21/