---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-002908"
form_type: "8-K"
ticker: "CVGW"
cik: "0001133470"
company_name: "CALAVO GROWERS INC"
filed_at: "2024-03-11T23:59:59+00:00"
generated_at: "2026-06-04T23:40:58.004599+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Calavo Q1 net loss $0.15/sh; sales down 4%; fresh-cut sale expected Q2

## Summary
- Revenue $127.6M, down 3.9% YoY; net loss $2.6M ($0.15 diluted) vs loss $0.7M ($0.04) last year.
- Fresh cut business classified as discontinued ops; sale expected to close in fiscal Q2 2024.
- Avocado volume down 18% but prices up 20%; tomato gross profit fell ~$1.1M on lower volume.
- SG&A included $2.4M in professional fees for ongoing FCPA investigation; management targets $20M+ annualized savings.
- Board declares $0.10/sh quarterly dividend payable Apr 29 to holders of record Apr 1.

## SEC filing metadata
- accession: 0001558370-24-002908
- form_type: 8-K
- ticker: CVGW
- cik: 0001133470
- company_name: CALAVO GROWERS INC
- filed_at: 2024-03-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133470/000155837024002908/0001558370-24-002908-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133470/000155837024002908/cvgw-20240311x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-002908
- JSON: https://secwatch.observer/filing/0001558370-24-002908.json
- Plain text: https://secwatch.observer/filing/0001558370-24-002908.txt

## Key facts
- Earnings Releases
  CALAVO GROWERS INC reported the fiscal first quarter ended January 31, 2024 results: revenue $127.6 million, net income Net loss of $2.6 million, or $0.15 per diluted share, EPS $(0.15) per diluted share.
  - Period: the fiscal first quarter ended January 31, 2024
  - Revenue: $127.6 million
  - Net income: Net loss of $2.6 million, or $0.15 per diluted share
  - EPS: $(0.15) per diluted share
  - Result: reported results
  source text: unit as discontinued operations. Unless otherwise noted, amounts and commentary included in this press release relate to our continuing operations. ​ ● Total net sales of $127.6 million, a 3.9% decrease from the prior year quarter o Grown segment net sales decreased 4.0% to $113.0 million o Prepared segment net sales decreased 2.9% to $14.6 million ● Gross
  evidence_url: https://www.sec.gov/Archives/edgar/data/1133470/000155837024002908/0001558370-24-002908-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.