Calavo Growers provides update to shareholders

Calavo Growers yesterday at its Annual Meeting of Shareholders said in a business update that: The Company has made significant progress toward completing the proposed sale of the Fresh Cut business and related real property and expects to close in May 2024; As previously shared, the expected uses of sale proceeds would include paying down debt and returning cash to shareholders; The Company’s internal investigation into potential Foreign Corrupt Practices Act violations in Mexico is winding down and the Company will share more with investors when it is able to do so