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

Take Control of Your Finances: A Practical Guide for Carriers in Trucking

This guide is designed to help you navigate these challenges, featuring strategies for automation, examples of effective tools, and a real-world success story from Phoenix Cargo...

Report: The 2024-2025 State Of Heavy-Duty Repair

Fullbay's fifth annual State of Heavy-Duty Repair compiles insights from almost 1,000 experts and over 3,500 shops. If you aren't leveraging these proven data points, your competition...

Guide For Managing Maintenance

The Guide for Managing Maintenance is a comprehensive resource designed to help fleet managers improve their maintenance operations, reduce downtime, and lower overall fleet costs...

The Road Ahead: 2025 Trucking and Fleet Insights

Discover how fleet operators are impacted by challenges like driver onboarding delays and complex compliance, and the critical need for technology to boost efficiency and cut ...