(March 11, 3:15 p.m.) Calavo Growers Inc. had a record-breaking first quarter with $72.2 million in net sales, a $15 million increase from the company’s record high of $57.2 million in the same period a year ago.

The Santa Paula, Calif.-based company said in a news release that net income for the quarter was $732,000, or five cents per share.

Calavo, which is best known for avocados, reported that sales of other fresh products more than doubled to $11.6 million in the three-month period ending Jan. 31. The company expanded its brand into tomatoes, pineapples and mushrooms last year.

Chairman, president and chief executive officer Lee Cole said in the release the company is on target to achieve a 25% increase in sales in 2008. He said California is expected to produce 360 million pounds of avocadoes this year, and Calavo expects to pack 35% of the crop.