On September 6 2023, CALAVO GROWERS ($NASDAQ:CVGW) announced their financial results for the third quarter of FY2023, which ended on July 31 2023. Total revenue for the quarter totaled USD 259.9 million, representing a 24.0% decrease compared to the same quarter in the previous year. However, net income for the quarter rose to USD 6.6 million, up from 1.3 million the year before.
The stock opened at $32.9 and closed at $31.3, representing a 3.7% decrease from the previous day’s closing price of $32.4. The company also projected a revenue growth of 2-3 % for the fourth quarter, which indicates that they are well-positioned for future growth and success. Overall, these results demonstrate CALAVO GROWERS‘ stability and progress in the long term. Shareholders should be pleased with these results and look forward to further growth in the future. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Calavo Growers. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Calavo Growers. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Calavo Growers. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Calavo Growers are shown below. More…
Income Statement Ratios
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GoodWhale has conducted an analysis of CALAVO GROWERS‘s wellbeing and based on our Star Chart, it is strong in asset and dividend and medium in profitability. Growth is the only area where it is weak. However, with a high health score of 8/10 considering its cashflows and debt, we conclude that CALAVO GROWERS is capable to safely ride out any crisis without the risk of bankruptcy. We have classified CALAVO GROWERS as ‘cow’, meaning that it has the track record of paying out consistent and sustainable dividends. As such, investors who are looking for consistent dividend payouts and high asset strength may be interested in this company. Those who are looking for rapid growth may need to look for other options. More…
Risk Rating Analysis
Star Chart Analysis
The competition between Calavo Growers Inc and its competitors is intense. Each company is vying for market share in the global marketplace. The competition is fierce and the stakes are high. Each company is striving to be the best in the industry.
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CALAVO GROWERS reported a decrease in total revenue of 24.0% for the third quarter of FY2023, ending on July 31 2023, compared to the same period in the previous year. Despite this, net income for the quarter was USD 6.6 million, up from 1.3 million the year before. The stock price decreased on the day of the earnings announcement. This suggests that investors are not overly optimistic about the company’s prospects in the near term.
It’s possible that investors are cautious about the company’s future despite the improved bottom line due to the decrease in overall revenue. As such, investors should carefully analyze the company before making any decisions.