Revenue: As of FY2026 Q1, the actual value is USD 122.2 M, beating the estimate of USD 116.4 M.EPS: As of FY2026 Q1, the actual value is USD 0.04, missing the estimate of USD 0.215.EBIT: As of FY2026 Q1, the actual value is USD -1.86 M.<h4>Overall Financial Performance (Three months ended January 31, 2026 vs. 2025)</h4><ul><li>Net Sales: Calavo Growers, Inc. reported total net sales of $122.2 million, a decrease of $32.2 million or 21% compared to $154.385 million in the prior year. This was primarily due to a 35% decrease in avocado carton price, partially offset by a 17% increase in avocado carton volume and a 20% increase in Prepared segment sales.</li><li>Gross Profit: Total gross profit decreased by approximately $0.5 million or 3% to $15.184 million, from $15.728 million in the prior year, reflecting lower gross profit in the Fresh segment despite improvements in the Prepared segment.</li><li>Operating (Loss) Income: The company reported an operating loss of -$1.447 million, a decrease from an operating income of $5.046 million in the prior year.</li><li>Net Income: Net income was $804 thousand, down from $4.435 million in the prior year.</li><li>Net Income Attributable to 卡拉沃养殖 (Calavo Growers, Inc.): $732 thousand, a decrease from $4.415 million in the prior year.</li></ul><h4>Fresh Segment (Three months ended January 31, 2026 vs. 2025)</h4><ul><li>Net Sales: Decreased by approximately $35.1 million or 25% to $104.687 million, from $139.795 million.<ul><li>Avocado Sales: Decreased by $28.9 million or 23%, driven by a 35% decrease in average selling price per carton, partially offset by a 17% increase in carton volume.</li><li>Tomato Sales: Decreased by $6.1 million or 48%, due to a 22% decline in carton volume and a 33% decrease in average selling price.</li></ul></li><li>Cost of Sales: $94.374 million compared to $127.658 million.</li><li>Gross Profit: Decreased by approximately $1.8 million or 15% to $10.313 million, from $12.137 million.</li><li>Gross Profit Percentage: Increased to 10% from 9%.</li></ul><h4>Prepared Segment (Three months ended January 31, 2026 vs. 2025)</h4><ul><li>Net Sales: Increased by $2.9 million or 20% to $17.515 million, from $14.590 million, primarily driven by a 21% increase in pounds sold of guacamole and related products, partially offset by a 1% decrease in average selling price per pound.</li><li>Cost of Sales: $12.644 million compared to $10.999 million.</li><li>Gross Profit: Increased by 36% to $4.871 million, from $3.591 million.</li><li>Gross Profit Percentage: Increased to 28% from 25%.</li><li>Gross Profit per pound: Increased by approximately 12%.</li></ul><h4>Other Key Financial Metrics (Three months ended January 31, 2026 vs. 2025)</h4><ul><li>Selling, General and Administrative (SG&amp;A) Expenses: Increased by $6.1 million or 59% to $16.401 million, from $10.287 million, primarily due to $4.9 million in M&amp;A-related costs, $1.8 million in higher stock-based compensation, and $1.1 million in other non-recurring costs.</li><li>Foreign Currency Gain (Loss): Reported a gain of $2.590 million, compared to a loss of -$962 thousand in the prior year.</li><li>Interest Income: $542 thousand, down from $845 thousand.</li><li>Interest Expense: -$129 thousand, down from -$213 thousand.</li><li>Other Income, net: $265 thousand, up from $112 thousand.</li><li>Net Income (Loss) from Unconsolidated Entities: Reported a loss of -$544 thousand, compared to a gain of $862 thousand.</li><li>Provision for Income Taxes: $473 thousand, down from $1.255 million.</li><li>Effective Tax Rate: Remained at 26% for both periods.</li></ul><h4>Cash Flow (Three months ended January 31, 2026 vs. 2025)</h4><ul><li>Net Cash Used in Operating Activities: -$8.658 million, compared to -$4.427 million in the prior year.</li><li>Net Cash Used in Investing Activities: -$788 thousand, compared to -$282 thousand, primarily for purchases of property, plant, and equipment.</li><li>Net Cash Used in Financing Activities: -$4.039 million, compared to -$3.832 million, including -$3.576 million in dividends paid and -$218 thousand for minimum withholding taxes on equity awards.</li><li>Net Decrease in Cash, Cash Equivalents: -$13.485 million, compared to -$8.541 million.</li><li>Cash and Cash Equivalents, End of Period: $47.670 million as of January 31, 2026, compared to $48.490 million as of January 31, 2025.</li></ul><h4>Liquidity and Capital Resources</h4><ul><li>Working Capital: $83.6 million as of January 31, 2026, compared to $89.0 million as of October 31, 2025.</li><li>Credit Facility: 卡拉沃养殖 (Calavo Growers, Inc.) maintains a revolving credit facility of up to $75.0 million with Wells Fargo Bank, N.A., maturing on June 26, 2028, with approximately $32.1 million available for borrowing as of January 31, 2026.</li><li>Stock Repurchase Program: The Board authorized a stock repurchase program of up to $25 million in March 2025, with no shares repurchased to date.</li></ul><h4>Future Outlook and Strategy</h4><ul><li>卡拉沃养殖 (Calavo Growers, Inc.) entered into a Merger Agreement with Mission Produce on January 14, 2026, with no material changes to the terms during the three months ended January 31, 2026.</li><li>Longer-term capital allocation decisions, including capital expenditures, may be affected by the timing and completion of the pending merger with Mission Produce.</li><li>Management believes existing cash reserves, cash flows from operations, and the Credit Facility will be sufficient to meet capital expenditures, working capital, and other operating requirements for at least the next 12 months.</li></ul>

Calavo Growers | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 122.2 M