Calavo Growers Missed Q4 Estimates with $124.7M Revenues, Forecasting 24.6% Decline
Calavo Growers reported $124.7 million in Q4 revenues, a 26.6% year-on-year decline and missed analysts’ estimates alongside a significant EBITDA shortfall. Analysts forecast a 24.6% revenue drop next quarter versus last year’s 21% gain, while peers Fresh Del Monte and Flowers Foods posted flat and 11% revenue growth.
1. Earnings Preview
Calavo Growers will report Q4 earnings after market close on Thursday. Last quarter the company posted revenues of $124.7 million, down 26.6% year-on-year, and missed analysts’ revenue and EBITDA estimates.
2. Historical Performance and Misses
Calavo has missed Wall Street’s revenue estimates multiple times over the past two years, including last quarter’s significant topline and EBITDA shortfalls that have raised concerns about its operating resilience.
3. Analysts’ Expectations
Analysts expect a 24.6% year-on-year revenue decline for the upcoming quarter, a reversal from last year’s 21% increase, and have largely reconfirmed their estimates over the past 30 days despite the firm’s recent misses.
4. Peer Comparisons and Sector Context
Peer companies Fresh Del Monte Produce and Flowers Foods reported flat and 11% year-on-year revenue gains respectively, while perishable food stocks have underperformed by an average of 4.8% over the past month.