Calavo announces net loss for its fourth quarter

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Calavo announces net loss for its fourth quarter

By Staff Report / Thursday, December 20th, 2018 / Comments Off on Calavo announces net loss for its fourth quarter

Despite increasing its avocado unit sales by half and growing revenue to $280 million, Santa Paula avocado distributor Calavo Growers reported a net loss of $1.3 million for its fourth quarter Dec. 20. Margins slipped below 8 percent during the quarter, compared to more than 11 percent for the previous fourth quarter, on higher cost…

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