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CALAVO GROWERS INC

calavo.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2026 10-Q, filed Mar 12, 2026. Its latest SEC filing is a SCHEDULE 13G/A from Aug 14, 2026.

The sections below describe the company as of the FY2025 annual report.

What Did They Do?

Sources, packs and distributes fresh avocados and other produce to grocery and club retailers, foodservice operators, and wholesalers, and makes guacamole for retail and foodservice customers.

How Did They Make Money?

Customers buy fresh produce and guacamole or avocado pulp, with sales counted when the products are delivered; some consignment produce sales earn a commission.

revenue
SegmentShareRevenue
Fresh
Sold outright

89%
Prepared
Sold outright

11%
FY2022: 9.3%

Who Were Their Customers?

Customers seek year-round supply from multiple growing regions, with deliveries timed to desired ripeness and varied packaging; the company serves large nationwide accounts through its direct sales force.

Customers above 10% of revenue, FY2025
of revenue from one customer
FY2023: 12% from one customer

Did Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in FY2025 and turned 3 cents into free cash flow.

Operating income, FY2025
3% of revenue
▲ +17% vs FY2024 ($16.7M, 3%)
Net income, FY2025
3% of revenue
▲ Now profitable vs FY2024 (−$1.1M, 0%)
Free cash flow, FY2025
3% of revenue
▼ −10% vs FY2024 ($21.5M, 3%)

How Were They Changing?

Since the FY2025 annual report
Latest quarter: Q1 FY2026, the three months to Jan 31, 2026
Revenue
▼ −21%
vs $154.4M in Q1 FY2025
Net income
▼ −83%
vs $4.4M in Q1 FY2025
Fresh share of revenue vs 90.6% in Q1 FY2025
  • May 29, 2026 Mission Produce completed its merger with Calavo Shareholders received Mission Produce shares and cash, and Calavo repaid and terminated its credit agreement.

Shrank. Revenue fell 39% in 4 years, from $1.1B in FY2021 to $648.4M in FY2025, about 11% a year.

A narrower Prepared business Prepared has narrowed from fresh-cut produce, salsa and prepared meals to guacamole and avocado pulp, following the sale of the Fresh Cut Business.

Revenue over time
Fresh Prepared Grown
$2B$1B$0

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