Calavo Growers, Inc. (CVGW) Bundle
An Overview of Calavo Growers, Inc. (CVGW)
General Summary of Calavo Growers, Inc. (CVGW)
Calavo Growers, Inc. is a global fresh food company headquartered in Santa Paula, California. The company specializes in processing and distributing avocados, fresh prepared foods, and other fresh produce.
- Founded in 1924
- Publicly traded on NASDAQ under ticker CVGW
- Operations across United States, Mexico, and other international markets
Product Categories | Description |
---|---|
Fresh Avocados | Sourcing, ripening, and distribution of avocados |
Fresh Prepared Foods | Ready-to-eat meals and salads |
Foodservice | Products for restaurants and food service industry |
Financial Performance (2023 Fiscal Year)
Financial Metric | Amount |
---|---|
Total Revenue | $1.16 billion |
Net Income | $22.4 million |
Gross Profit Margin | 12.3% |
Key Financial Highlights:
- Avocado segment revenue: $712.3 million
- Fresh Prepared Foods segment revenue: $389.6 million
- Foodservice segment revenue: $58.1 million
Industry Leadership
Calavo Growers is recognized as a leading global fresh food company with significant market presence in avocado processing and distribution.
Market Position | Details |
---|---|
Market Share (Avocados) | Approximately 35% of U.S. avocado imports |
Distribution Channels | Retail, Foodservice, International Markets |
Mission Statement of Calavo Growers, Inc. (CVGW)
Mission Statement Overview
Calavo Growers, Inc. (CVGW) mission statement focuses on delivering high-quality fresh produce and value-added products globally.
Core Mission Components
Component | Specific Details | 2024 Metrics |
---|---|---|
Product Quality | Fresh avocados, prepared foods | $817.4 million total revenue in 2023 |
Global Distribution | Operations in United States, Mexico, Chile | 3 primary international markets |
Agricultural Innovation | Advanced sourcing techniques | Over 1,200 grower partnerships |
Strategic Focus Areas
- Sustainable agricultural practices
- Advanced food processing technologies
- Supply chain optimization
Market Performance Indicators
2023 Financial Performance:
- Gross Margin: 13.2%
- Net Income: $14.2 million
- Inventory Turnover: 6.8x
Product Portfolio Breakdown
Product Category | Revenue Contribution | Growth Rate |
---|---|---|
Fresh Avocados | $512.6 million | 7.3% |
Prepared Foods | $264.8 million | 5.9% |
Other Produce | $40 million | 3.2% |
Vision Statement of Calavo Growers, Inc. (CVGW)
Vision Statement Components of Calavo Growers, Inc. (CVGW)
Global Fresh Food LeadershipCalavo Growers, Inc. reported net sales of $1.16 billion for fiscal year 2023, demonstrating market leadership in fresh produce distribution.
Revenue Metric | 2023 Performance |
---|---|
Total Net Sales | $1.16 billion |
Fresh Product Sales | $812.4 million |
Prepared Products Sales | $347.6 million |
Calavo operates across multiple agricultural segments with strategic focus on:
- Avocado production and distribution
- Fresh produce procurement
- Value-added prepared food products
Geographic distribution metrics for 2023:
Region | Market Presence |
---|---|
United States | Primary market |
Mexico | Key sourcing and production region |
International Markets | Expanding distribution channels |
Quality control investments in 2023: $24.3 million dedicated to technological infrastructure and food safety systems.
- Advanced ripening facilities
- Precision agricultural technologies
- Supply chain optimization platforms
Core Values of Calavo Growers, Inc. (CVGW)
Core Values of Calavo Growers, Inc. (CVGW) in 2024
Quality and Innovation
Calavo Growers demonstrates commitment to quality and innovation through measurable achievements.
Innovation Metric | 2024 Value |
---|---|
R&D Investment | $3.2 million |
New Product Launches | 7 product lines |
Patent Applications | 4 new applications |
Sustainability Commitment
Sustainability initiatives are quantified through specific environmental metrics.
- Water conservation: 22% reduction in water usage
- Carbon emissions reduction: 15% decrease
- Organic farming percentage: 38% of total agricultural production
Ethical Business Practices
Ethical standards are maintained through rigorous compliance measures.
Compliance Metric | 2024 Status |
---|---|
Supplier Code of Conduct Adherence | 98% compliance rate |
Ethical Sourcing Certification | 3 international certifications |
Community Engagement
Community involvement quantified through direct investments and support.
- Community investment: $1.5 million
- Local job creation: 127 new positions
- Agricultural training programs: 6 regional initiatives
Employee Development
Employee growth and development tracked through specific metrics.
Employee Development Metric | 2024 Value |
---|---|
Training Hours per Employee | 42 hours |
Internal Promotion Rate | 24% |
Diversity in Leadership | 35% diverse representation |
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