secwatch.observer — SEC 8-K summary
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Issuer:     CALAVO GROWERS INC (CVGW)
CIK:        0001133470
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001558370-23-010834
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133470/000155837023010834/0001558370-23-010834-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133470/000155837023010834/cvgw-20230606x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-010834

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