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Information regarding our operations in different segments
 9 Months Ended
Jul. 31, 2015
Segment Reporting [Abstract]  
Information regarding our operations in different segments

2.  Information regarding our operations in different segments

 

We report our operations in three different business segments: (1) Fresh products, (2) Calavo Foods, and (3) RFG.  These three business segments are presented based on how information is used by our Chief Executive Officer to measure performance and allocate resources. The Fresh products segment includes all operations that involve the distribution of avocados and other fresh produce products.  The Calavo Foods segment represents all operations related to the purchase, manufacturing, and distribution of prepared products, including guacamole and salsa. The RFG segment represents all operations related to the manufacturing and distribution of fresh-cut fruit, ready-to-eat vegetables, recipe-ready vegetables and deli meat products.  Selling, general and administrative expenses, as well as other non-operating income/expense items, are evaluated by our Chief Executive Officer in the aggregate.  We do not allocate assets, or specifically identify them to, our operating segments. The following table sets forth sales by product category, by segment (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  July 31, 2015

 

Three months ended  July 31, 2014

 

 

    

    

 

    

    

 

    

 

 

    

 

 

    

    

 

    

    

 

    

 

 

    

 

 

 

 

 

Fresh

 

Calavo

 

    

 

 

    

 

 

Fresh

 

Calavo

 

    

 

 

    

 

 

 

 

products

 

Foods

 

RFG

 

Total

 

products

 

Foods

 

RFG

 

Total

 

Third-party sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Avocados

 

$
132,165

 

$

—

 

$

—

 

$
132,165

 

$
124,429

 

$

—

 

$

—

 

$
124,429

 

Tomatoes

 

 
1,154

 

 

—

 

 

—

 

 
1,154

 

 
610

 

 

—

 

 

—

 

 
610

 

Papayas

 

 
2,559

 

 

—

 

 

—

 

 
2,559

 

 
3,369

 

 

—

 

 

—

 

 
3,369

 

Pineapples

 

 
535

 

 

—

 

 

—

 

 
535

 

 
1,658

 

 

—

 

 

—

 

 
1,658

 

Other fresh products

 

 
72

 

 

—

 

 

—

 

 
72

 

 
265

 

 

—

 

 

—

 

 
265

 

Food service

 

 

—

 

 
13,575

 

 

—

 

 
13,575

 

 

—

 

 
13,748

 

 

—

 

 
13,748

 

Retail and club

 

 

—

 

 
6,331

 

 
79,927

 

 
86,258

 

 

—

 

 
6,082

 

 
72,477

 

 
78,559

 

Total gross sales

 

 
136,485

 

 
19,906

 

 
79,927

 

 
236,318

 

 
130,331

 

 
19,830

 

 
72,477

 

 
222,638

 

Less sales incentives

 

 
(715)

 

 
(2,421)

 

 
(732)

 

 
(3,868)

 

 
(499)

 

 
(2,737)

 

 
(700)

 

 
(3,936)

 

Net sales

 

$
135,770

 

$
17,485

 

$
79,195

 

$
232,450

 

$
129,832

 

$
17,093

 

$
71,777

 

$
218,702

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended July 31, 2015

 

Nine months ended July 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Fresh

    

Calavo

    

 

 

    

 

 

    

Fresh

    

Calavo

    

 

 

    

 

 

 

 

 

products

 

Foods

 

RFG

 

Total

 

products

 

Foods

 

RFG

 

Total

 

Third-party sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Avocados

 

$
360,334

 

$

—

 

$

—

 

$
360,334

 

$
320,506

 

$

—

 

$

—

 

$
320,506

 

Tomatoes

 

 
16,813

 

 

—

 

 

—

 

 
16,813

 

 
19,706

 

 

—

 

 

—

 

 
19,706

 

Papayas

 

 
6,977

 

 

—

 

 

—

 

 
6,977

 

 
9,793

 

 

—

 

 

—

 

 
9,793

 

Pineapples

 

 
2,165

 

 

—

 

 

—

 

 
2,165

 

 
4,413

 

 

—

 

 

—

 

 
4,413

 

Other fresh products

 

 
406

 

 

—

 

 

—

 

 
406

 

 
409

 

 

—

 

 

—

 

 
409

 

Food service

 

 

—

 

 
37,223

 

 

—

 

 
37,223

 

 

—

 

 
36,393

 

 

—

 

 
36,393

 

Retail and club

 

 

—

 

 
17,451

 

 
218,547

 

 
235,998

 

 

—

 

 
17,137

 

 
185,349

 

 
202,486

 

Total gross sales

 

 
386,695

 

 
54,674

 

 
218,547

 

 
659,916

 

 
354,827

 

 
53,530

 

 
185,349

 

 
593,706

 

Less sales incentives

 

 
(1,423)

 

 
(7,673)

 

 
(1,990)

 

 
(11,086)

 

 
(1,321)

 

 
(8,464)

 

 
(2,160)

 

 
(11,945)

 

Net sales

 

$
385,272

 

$
47,001

 

$
216,557

 

$
648,830

 

$
353,506

 

$
45,066

 

$
183,189

 

$
581,761

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Fresh

    

Calavo

    

 

 

    

 

 

 

 

 

products

 

Foods

 

RFG

 

Total

 

 

 

(All amounts are presented in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  July 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$
135,770

 

$
17,485

 

$
79,195

 

$
232,450

 

Cost of sales

 

 
126,105

 

 
11,415

 

 
70,652

 

 
208,172

 

Gross margin

 

$
9,665

 

$
6,070

 

$
8,543

 

$
24,278

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  July 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$
129,832

 

$
17,093

 

$
71,777

 

$
218,702

 

Cost of sales

 

 
120,318

 

 
13,253

 

 
64,955

 

 
198,526

 

Gross margin

 

$
9,514

 

$
3,840

 

$
6,822

 

$
20,176

 

 

For the three months ended July 31, 2015 and 2014, inter-segment sales and cost of sales for Fresh products totaling $7.8 million and $6.9 million were eliminated.  For the three months ended July 31, 2015 and 2014, inter-segment sales and cost of sales for Calavo Foods totaling $4.3 million and $4.4 million were eliminated.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Fresh

    

Calavo

    

 

 

    

 

 

 

 

 

products

 

Foods

 

RFG

 

Total

 

 

 

(All amounts are presented in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended July 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$
385,272

 

$
47,001

 

$
216,557

 

$
648,830

 

Cost of sales

 

 
355,991

 

 
31,725

 

 
196,056

 

 
583,772

 

Gross margin

 

$
29,281

 

$
15,276

 

$
20,501

 

$
65,058

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended July 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$
353,506

 

$
45,066

 

$
183,189

 

$
581,761

 

Cost of sales

 

 
328,101

 

 
34,811

 

 
166,140

 

 
529,052

 

Gross margin

 

$
25,405

 

$
10,255

 

$
17,049

 

$
52,709

 

 

For the nine months ended July 31, 2015 and 2014, inter-segment sales and cost of sales for Fresh products totaling $26.9 million and $24.5 million were eliminated.  For the nine months ended July 31, 2015 and 2014, inter-segment sales and cost of sales for Calavo Foods totaling $11.8 million and $12.0 million were eliminated.