Calavo Q2 revenue down 26% to $244.7M; net loss of $4.0M vs. $0.2M loss last year

CALAVO GROWERS INC

2023-Q2 EPS reported -$0.40 revenue$470,893,000

Total revenue $244.7M, down 26% YoY; Grown segment revenue fell 33% to $140.7M, Prepared down 14% to $104.5M.
Net loss of $4.0M ($0.23 diluted loss) vs. net loss of $0.2M ($0.01 loss) in prior-year quarter.
Adjusted net loss of $0.2M ($0.01 diluted loss) vs. adjusted net income of $5.8M ($0.33 diluted) last year.
Gross profit $15.0M, down from $21.7M; Grown segment gross profit fell $5.6M to $12.6M, Prepared down $1.1M to $2.4M.
Adjusted EBITDA $6.9M vs. $12.7M in the year-ago quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CALAVO GROWERS INC reported the fiscal second quarter ended April 30, 2023 results: revenue $244.7 million, net income $(4.0) million, EPS $(0.23) per diluted share.

Period: the fiscal second quarter ended April 30, 2023
Revenue: $244.7 million
Net income: $(4.0) million
EPS: $(0.23) per diluted share
Result: reported results

Exact text from the filing

ready-to-eat fresh food, today reported its financial results for the fiscal second quarter ended April 30, 2023. Second Quarter Financial Overview · Total revenue of $244.7 million, a 26% decline from prior year o Grown segment revenue decreased 33% year-over-year to $140.7 million o Prepared segment revenue decreased 14% year-over-year to $104.5 million ·

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Source: SEC EDGAR

accession 0001558370-23-010834

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