Calavo's sales hit lofty heights in fiscal 2Q

June 4, 2004
Calavo Growers Inc, the Santa Ana CA-based distributor of avocados and other perishable food products, reported revenues and net income climbing to historic highs in the second quarter of fiscal 2004.

Calavo Growers Inc, the Santa Ana CA-based distributor of avocados and other perishable food products, reported revenues and net income climbing to historic highs in the second quarter of fiscal 2004.

For the three months ended April 30, 2004, net income advanced 35% to $2.3 million from $1.7 million in the same period a year ago.

Propelled by strong year-over-year sales growth in both its California Avocado and International segments, net revenues jumped 33% in the recently concluded period to $76.4 million from $57.4 million posted in the same quarter of fiscal 2003.

For the first half of fiscal 2004, net income totaled $2.0 million on revenues of $125.5 million. This compares with net income of $2.2 million on $101.6 million net revenues posted in the initial six months of fiscal 2003.

About the Author

from staff and wire reports

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Waiting for a breakdown is costing you. Learn how smart preventive maintenance plans, accurate data, and cross-team coordination can protect your bottom line and boost profits...
Is your fleet ready for California's Clean Truck Check program? Our guide helps you navigate CARB compliance, avoid costly fines, and keep your trucks rolling. Learn how telematics...
Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...