LMNR - Calavo Growers Harvests Opportunity in the Final Quarter of the Year
Avocado and citrus agribusiness Calavo Growers (NASDAQ: CVGW) was able to boast all-time records in no less than five financial metrics in its fiscal fourth-quarter 2019 earnings report, issued on Thursday morning. The avocado distributor and fresh and packaged foods wholesaler notched record 12-month revenue, gross margin, operating income, adjusted net income, and adjusted earnings per share (EPS) in fiscal 2019. Additionally, management provided a healthy outlook for the upcoming 2020 year.
As we dive into the quarter below, bear in mind that all comparative numbers refer to the prior-year quarter.
Data source: Calavo Growers. N/A = not applicable: items not comparable due to Q4 2018 loss.