(a) After RFG non-cash contingent consideration, reported Diluted EPS totaled $1.05 (2012) and a net loss per share of $0.12 (2013)
(b) After RFG non-cash contingent consideration, and including the gain on deconsolidation of FreshRealm, Diluted EPS totaled $0.01 (2014)
(c) After management transition expenses and related tax impacts, Diluted EPS totaled $2.13 (2017)
(d) After non-cash losses recognized for FreshRealm, one-time, non-cash tax charges from the Tax Cuts & Jobs Act, management transition expenses and the tax impact of those adjustments, Diluted EPS totaled $1.84 (2018)
Positioned for Continued Growth
Leader in Fresh, Healthy, Convenient Foods
Complementary, Multi-Platform Model
Investment for Continued Growth
Leader in Fresh, Healthy, Convenient Foods
- Leader in several high-growth product categories, including: avocados, fresh-cut fruit, fresh-cut vegetables and guacamole
- Popularity of avocados has driven a +8% CAGR in US consumption over the last 10 years. With US household penetration still below other common fruits, consumption of avocados is poised for further growth*
- US consumers growing desire for convenient, on-the-go healthy foods is driving sales of value-added fruit and vegetables to outpace broader produce category growth, while deli also remains one of the fastest growing departments at retail due to prepared food sales**
- Consumers increasingly prefer refrigerated, fresh fruit and vegetable dips (including guacamole, salsas and similar dips) to their shelf-stable counterparts.
* USDA avocado consumption per capita
** Nielsen Perishables Group, 2018
Complementary, Multi-Platform Model
- Complementary business segments have contributed to relatively consistent annual earnings growth
- Compelling growth prospects in each division driven by common characteristics:
- Favorable demographic and health profile
- Convenient, on-the-go products
- Fresh, refrigerated foods
- Business segments benefit from synergistic sourcing and refrigerated distribution infrastructure
- Opportunity to pursue add-on M&A opportunities in each business segment
Investment for Continued Growth
- One of the nation’s largest, most complete fresh food infrastructure networks
- Many recent investments in plants, people and equipment positioning the company to take advantage of substantial growth opportunities ahead
- More than 15 production and/or distribution facilities covering all corners of the US with available capacity for growth
- Investments in unconsolidated subsidiaries (Limoneira, FreshRealm, Agricola Don Memo) provide potential investment catalysts to CVGW investors