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Segment Information
 12 Months Ended
Oct. 31, 2021
Segment Information  
Segment Information

10. Segment Information

​

As discussed in Note 1, 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 avocado products, including guacamole, and salsa. The RFG segment represents operations related to the manufacturing and distribution of fresh-cut fruit, fresh-cut vegetables and prepared foods. 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 and sales allowances, by segment (in thousands)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Fresh

    

​

    

Calavo

    

Interco.

    

​

​

​

​

​

products

​

RFG

​

Foods

​

Elimins.

​

Total

​

​

​

(All amounts are presented in thousands)

​

Year ended October 31, 2021

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net sales

​

$

588,527

​

$

396,472

​

$

77,566

​

$

(6,735)

​

$

1,055,830

​

Cost of sales

​

​

540,740

​

​

399,974

​

​

64,426

​

​

(6,735)

​

​

998,405

​

Gross profit (loss)

​

$

47,787

​

$

(3,502)

​

$

13,140

​

$

—

​

$

57,425

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year ended October 31, 2020

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net sales

​

$

585,052

​

$

404,723

​

$

75,220

​

$

(5,624)

​

$

1,059,371

​

Cost of sales

​

​

537,489

​

​

383,331

​

​

54,277

​

​

(5,624)

​

​

969,473

​

Gross profit

​

$

47,563

​

$

21,392

​

$

20,943

​

$

—

​

$

89,898

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year ended October 31, 2019

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net sales

​

$

621,183

​

$

486,063

​

$

94,734

​

$

(6,203)

​

$

1,195,777

​

Cost of sales

​

​

534,600

​

​

465,563

​

​

73,735

​

​

(6,203)

​

 

1,067,695

​

Gross profit

​

$

86,583

​

$

20,500

​

$

20,999

​

$

—

​

$

128,082

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For fiscal year 2021, 2020 and 2019, inter-segment sales and cost of sales of $2.5 million, $1.7 million and $1.8 million between Fresh products and RFG were eliminated. For fiscal year 2021, 2020 and 2019, inter-segment sales and cost of sales of $4.2 million, $4.0 million and $4.0 million between Calavo Foods and RFG were eliminated.

​

The following table sets forth sales by product category, by segment (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year Ended October 31, 2021

​

Year Ended October 31, 2020

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

Fresh

    

​

    

Calavo

    

​

​

    

Fresh

    

​

    

Calavo

    

​

​

 

​

​

​

products

​

RFG

​

Foods

​

Total

​

products

​

RFG

​

Foods

​

Total

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Avocados

​

​

$

536,969

​

$

—

​

$

—

​

$

536,969

​

$

521,542

​

$

—

​

$

—

​

$

521,542

​

Tomatoes

​

​

 

43,658

​

 

—

​

 

—

​

 

43,658

​

 

53,922

​

 

—

​

 

—

​

 

53,922

​

Papayas

​

​

 

10,884

​

 

—

​

 

—

​

 

10,884

​

 

10,529

​

 

—

​

 

—

​

 

10,529

​

Other fresh income

​

​

 

693

​

 

—

​

 

—

​

 

693

​

 

327

​

 

—

​

 

—

​

 

327

​

Fresh-cut fruit & veg. and prepared foods

​

​

​

—

​

​

403,017

​

​

—

​

​

403,017

​

​

—

​

​

406,572

​

​

—

​

​

406,572

​

Prepared avocado products

​

​

 

—

​

 

—

​

 

79,919

​

 

79,919

​

 

—

​

 

—

​

 

79,382

​

 

79,382

​

Salsa

​

​

 

—

​

 

—

​

 

2,784

​

 

2,784

​

 

—

​

 

—

​

 

2,783

​

 

2,783

​

Total gross sales

​

​

 

592,204

​

 

403,017

​

 

82,703

​

 

1,077,924

​

 

586,320

​

 

406,572

​

 

82,165

​

 

1,075,057

​

Less sales allowances

​

​

 

(3,677)

​

 

(6,545)

​

 

(5,137)

​

 

(15,359)

​

 

(1,268)

​

 

(1,849)

​

 

(6,945)

​

 

(10,062)

​

Less inter-company eliminations

​

​

 

(2,497)

​

​

—

​

​

(4,238)

​

​

(6,735)

​

 

(1,651)

​

​

—

​

​

(3,973)

​

​

(5,624)

​

Net sales

​

​

$

586,030

​

$

396,472

​

$

73,328

​

$

1,055,830

​

$

583,401

​

$

404,723

​

$

71,247

​

$

1,059,371

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year Ended October 31, 2020

​

Year Ended October 31, 2019

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

Fresh

    

​

    

Calavo

    

​

​

    

Fresh

    

​

    

Calavo

    

​

​

​

​

​

products

​

RFG

​

Foods

​

Total

​

products

​

RFG

​

Foods

​

Total

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Avocados

​

​

$

521,542

​

$

—

​

$

—

​

$

521,542

​

$

569,779

​

$

—

​

$

—

​

$

569,779

Tomatoes

​

​

 

53,922

​

 

—

​

 

—

​

 

53,922

​

 

40,879

​

 

—

​

 

—

​

 

40,879

Papayas

​

​

 

10,529

​

 

—

​

 

—

​

 

10,529

​

 

10,931

​

 

—

​

 

—

​

 

10,931

Other fresh income

​

​

 

327

​

 

—

​

 

—

​

 

327

​

 

1,353

​

 

—

​

 

—

​

 

1,353

Fresh-cut fruit & veg. and prepared foods

​

​

​

—

​

​

406,572

​

​

—

​

​

406,572

​

​

—

​

​

488,373

​

​

—

​

​

488,373

Prepared avocado products

​

​

 

—

​

 

—

​

 

79,382

​

 

79,382

​

 

—

​

 

—

​

 

100,842

​

 

100,842

Salsa

​

​

 

—

​

 

—

​

 

2,783

​

 

2,783

​

 

—

​

 

—

​

 

3,252

​

 

3,252

Total gross sales

​

​

 

586,320

​

 

406,572

​

 

82,165

​

 

1,075,057

​

 

622,942

​

 

488,373

​

 

104,094

​

 

1,215,409

Less sales allowances

​

​

 

(1,268)

​

 

(1,849)

​

 

(6,945)

​

 

(10,062)

​

 

(1,759)

​

 

(2,310)

​

 

(9,360)

​

 

(13,429)

Less inter-company eliminations

​

​

 

(1,651)

​

​

—

​

​

(3,973)

​

​

(5,624)

​

​

(2,246)

​

​

—

​

​

(3,957)

​

​

(6,203)

Net sales

​

​

$

583,401

​

$

404,723

​

$

71,247

​

$

1,059,371

​

$

618,937

​

$

486,063

​

$

90,777

​

$

1,195,777

​

Sales to customers outside the U.S. were approximately $34.8 million, $29.7 million and $42.5 million for fiscal years 2021, 2020, and 2019.

​

RFG segment sales included sales to one customer who represented more than 10% of total consolidated revenues for fiscal 2021, 2020 and 2019. Additionally, the Fresh products segment had sales to one customer that represented more than 10% of total consolidated revenues for fiscal 2021, 2020 and 2019.

​

Our goodwill balance of $28.7 million is attributed by segment to Fresh products for $4.0 million and RFG for $24.7 million as of October 31, 2021. Our goodwill balance of $28.6 million is attributed by segment to Fresh products for $3.9 million and RFG for $24.7 million as of October 31, 2020.

​

Long-lived assets attributed to geographic areas as of October 31, are as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

    

United States

    

Mexico

    

Consolidated

 

2021

​

$

81,059

​

$

37,221

​

$

118,280

​

2020

​

$

95,110

​

$

35,160

​

$

130,270

​

​