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Calavo Growers, Inc. Announces Fourth Quarter and Fiscal 2020 Financial Results
Calavo Growers, Inc.December 21, 2020 GMT
SANTA PAULA, Calif., Dec. 21, 2020 (GLOBE NEWSWIRE) Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of value-added fresh food, today reported its financial results for the fourth quarter and fiscal year ended October 31, 2020.
Fourth Quarter Highlights
Total revenue of $234.4 million, a 20% decrease year over year, reflecting 3% growth in avocado volume offset by 22% lower avocado prices and lower revenue in the Renaissance Food Group (“RFG”) and Foods segments.