Calavo Q1 revenue down 18% to $226.2M; net loss narrows to $(0.17)/share

CALAVO GROWERS INC

2023-Q1 EPS reported -$0.17 revenue$226,204,000

Revenue $226.2M, down 18% YoY; Grown segment revenue down 27% to $117.7M.
Net loss $(3.1)M ($(0.17)/diluted share) vs net loss $(4.0)M ($(0.23)) prior year.
Adjusted net loss $(1.4)M ($(0.08)/share) vs adjusted net loss $(0.4)M ($(0.02)) prior year.
Adjusted EBITDA $3.6M vs $4.7M prior year.
Prepared segment gross profit +$3.4M to $5.0M; Grown segment gross profit -$2.2M to $9.5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CALAVO GROWERS INC reported the fiscal first quarter ended January 31, 2023 results: revenue $226.2 million, net income $(3.1) million, EPS $(0.17) per diluted share.

Period: the fiscal first quarter ended January 31, 2023
Revenue: $226.2 million
Net income: $(3.1) million
EPS: $(0.17) per diluted share
Result: reported results

Exact text from the filing

ready-to-eat fresh food, today reported its financial results for the fiscal first quarter ended January 31, 2023. First Quarter Financial Overview · Total revenue of $226.2 million, an 18% decline from prior year o Grown segment revenue decreased 27% year-over-year to $117.7 million o Prepared segment revenue decreased 3% year-over-year to $108.5 million ·

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Source: SEC EDGAR

accession 0001558370-23-002926

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