Calavo Growers Expects Solid Rebound In Earnings In Q2 And FY24 Owing To Improved Avocado Margins, Improved Tomato Performance And Ramp Up Of California Avocado Season
Portfolio Pulse from Benzinga Newsdesk
Calavo Growers anticipates a strong rebound in earnings for Q2 and FY24 due to better avocado margins, enhanced tomato performance, and the ramp-up of the California avocado season.
March 11, 2024 | 8:13 pm
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Calavo Growers expects a significant improvement in earnings for the second quarter and full year 2024, driven by better avocado margins, improved tomato performance, and the ramp-up of the California avocado season.
The anticipated rebound in earnings for Calavo Growers is attributed to improved margins in avocados, which is a significant part of their business, and better performance in their tomato segment. The ramp-up of the California avocado season is also expected to contribute positively. These factors are likely to generate investor optimism, potentially leading to a short-term increase in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100