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Information regarding our operations in different segments
 9 Months Ended
Jul. 31, 2017
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 other fresh prepared food 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. Data in the following tables is presented in thousands:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  July 31, 2017

 

Three months ended  July 31, 2016

 

 

    

    

 

    

    

 

    

 

 

    

 

 

    

    

 

    

    

 

    

 

 

    

 

 

 

 

 

Fresh

 

Calavo

 

    

 

 

    

 

 

Fresh

 

Calavo

 

    

 

 

    

 

 

 

 

products

 

Foods

 

RFG

 

Total

 

products

 

Foods

 

RFG

 

Total

 

Third-party sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Avocados

 

$

161,183

 

$

—

 

$

—

 

$

161,183

 

$

151,364

 

$

 —

 

$

—

 

$

151,364

 

Tomatoes

 

 

6,161

 

 

—

 

 

—

 

 

6,161

 

 

2,581

 

 

 —

 

 

—

 

 

2,581

 

Papayas

 

 

2,225

 

 

—

 

 

—

 

 

2,225

 

 

2,614

 

 

 —

 

 

—

 

 

2,614

 

Other fresh products

 

 

77

 

 

—

 

 

—

 

 

77

 

 

433

 

 

 —

 

 

—

 

 

433

 

Food service

 

 

—

 

 

15,290

 

 

—

 

 

15,290

 

 

 —

 

 

12,929

 

 

—

 

 

12,929

 

Retail and club

 

 

—

 

 

7,794

 

 

112,804

 

 

120,598

 

 

 —

 

 

6,056

 

 

91,631

 

 

97,687

 

Total gross sales

 

 

169,646

 

 

23,084

 

 

112,804

 

 

305,534

 

 

156,992

 

 

18,985

 

 

91,631

 

 

267,608

 

Less sales incentives

 

 

(727)

 

 

(2,833)

 

 

(329)

 

 

(3,889)

 

 

(863)

 

 

(2,700)

 

 

(899)

 

 

(4,462)

 

Net sales

 

$

168,919

 

$

20,251

 

$

112,475

 

$

301,645

 

$

156,129

 

$

16,285

 

$

90,732

 

$

263,146

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended July 31, 2017

 

Nine months ended July 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Fresh

    

Calavo

    

 

 

    

 

 

    

Fresh

    

Calavo

    

 

 

    

 

 

 

 

 

products

 

Foods

 

RFG

 

Total

 

products

 

Foods

 

RFG

 

Total

 

Third-party sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Avocados

 

$

408,825

 

$

—

 

$

—

 

$

408,825

 

$

354,785

 

$

—

 

$

—

 

$

354,785

 

Tomatoes

 

 

22,313

 

 

—

 

 

—

 

 

22,313

 

 

34,375

 

 

—

 

 

—

 

 

34,375

 

Papayas

 

 

6,544

 

 

—

 

 

—

 

 

6,544

 

 

7,054

 

 

—

 

 

—

 

 

7,054

 

Other fresh products

 

 

178

 

 

—

 

 

—

 

 

178

 

 

854

 

 

—

 

 

—

 

 

854

 

Food service

 

 

—

 

 

42,971

 

 

—

 

 

42,971

 

 

—

 

 

37,998

 

 

—

 

 

37,998

 

Retail and club

 

 

—

 

 

19,243

 

 

308,879

 

 

328,122

 

 

—

 

 

16,636

 

 

248,176

 

 

264,812

 

Total gross sales

 

 

437,860

 

 

62,214

 

 

308,879

 

 

808,953

 

 

397,068

 

 

54,634

 

 

248,176

 

 

699,878

 

Less sales incentives

 

 

(1,259)

 

 

(8,338)

 

 

(995)

 

 

(10,592)

 

 

(1,804)

 

 

(7,508)

 

 

(2,542)

 

 

(11,854)

 

Net sales

 

$

436,601

 

$

53,876

 

$

307,884

 

$

798,361

 

$

395,264

 

$

47,126

 

$

245,634

 

$

688,024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fresh

    

Calavo

    

 

 

    

 

 

 

 

products

 

Foods

 

RFG

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  July 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

168,919

 

$

20,251

 

$

112,475

 

$

301,645

 

Cost of sales

 

151,971

 

 

19,175

 

 

105,647

 

 

276,793

 

Gross margin

$

16,948

 

$

1,076

 

$

6,828

 

$

24,852

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  July 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

156,129

 

$

16,285

 

$

90,732

 

$

263,146

 

Cost of sales

 

137,845

 

 

10,484

 

 

82,173

 

 

230,502

 

Gross margin

$

18,284

 

$

5,801

 

$

8,559

 

$

32,644

 

 

For the three months ended July 31, 2017 and 2016, inter-segment sales and cost of sales of $0.6 million and $1.4 million between Fresh products and RFG were eliminated.  For the three months ended July 31, 2017 and 2016, inter-segment sales and cost of sales of $0.9 million and $0.7 million between Calavo Foods and RFG were eliminated. For the three months ended July 31, 2017, inter-segment sales and cost of sales of $0.4 million between Fresh products and Calavo Foods were eliminated.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fresh

    

Calavo

    

 

 

    

 

 

 

 

products

 

Foods

 

RFG

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended July 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

436,601

 

$

53,876

 

$

307,884

 

$

798,361

 

Cost of sales

 

388,005

 

 

42,108

 

 

285,219

 

 

715,332

 

Gross margin

$

48,596

 

$

11,768

 

$

22,665

 

$

83,029

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended July 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

395,264

 

$

47,126

 

$

245,634

 

$

688,024

 

Cost of sales

 

352,424

 

 

29,228

 

 

225,923

 

 

607,575

 

Gross margin

$

42,840

 

$

17,898

 

$

19,711

 

$

80,449

 

 

For the nine months ended July 31, 2017 and 2016, inter-segment sales and cost of sales of $0.9 million and $2.8 million between Fresh products and RFG were eliminated.  For the nine months ended July 31, 2017 and 2016, inter-segment sales and cost of sales of $2.3 million and $2.0 million between Calavo Foods and RFG were eliminated.

For the nine months ended July 31, 2017, inter-segment sales and cost of sales of $0.4 million between Fresh products and Calavo Foods were eliminated.