Calavo Growers: Solid Earnings in an Unpredictable Market

Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Thursdays

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Calavo Growers just dropped surprisingly good news: a $4.7 million profit in their fiscal third quarter! Despite industry-wide challenges, the avocado giant's earnings per share hit 26 cents (or a whopping 57 cents adjusted), with total revenue reaching $178.8 million. Is Calavo's success a sign of stability in the volatile produce market? Investors are watching closely to see if they can keep the momentum going. Hosted on Acast. See acast.com/privacy for more information.