XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.25.1

Information regarding our operations in different segments | 6 Months Ended
--- | ---
Apr. 30, 2025
Information regarding our operations in different segments |
Information regarding our operations in different segments | 2. Information regarding our operations in different segments ​ During the first quarter of fiscal 2025, we changed the name of our ‘Grown’ reportable segment to ‘Fresh’ to more accurately represent the segment’s business activities. This change in title only does not affect the segment’s composition, financial results, or how we assess performance internally. We report our operations in two different business segments: Fresh and Prepared. The Fresh segment consists of fresh avocados, tomatoes and papayas. The Prepared segment comprises all our guacamole products sold at retail and food service as well as avocado pulp sold to foodservice. These two business segments are presented based on how information is used by our Chief Executive Officer to measure performance and allocate resources. 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 sales data in the following tables is presented in thousands: ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended April 30, 2025 | ​ | Three months ended April 30, 2024
​ | ​ | Fresh | ​ | Prepared | ​ | ​ | Total | ​ | Fresh | ​ | Prepared | ​ | Total
​ |  | ​ |  | ​ |  |  | ​ | ​ |  | ​ |  | ​ |  | ​ | ​
Avocados | ​ | $ | 160,531 | ​ | $ | — | ​ | ​ | $ | 160,531 | ​ | $ | 136,055 | ​ | $ | — | ​ | $ | 136,055
Tomatoes | ​ |  | 11,952 | ​ |  | — | ​ | ​ |  | 11,952 | ​ |  | 28,513 | ​ |  | — | ​ |  | 28,513
Papayas | ​ |  | 2,966 | ​ |  | — | ​ | ​ |  | 2,966 | ​ |  | 2,850 | ​ |  | — | ​ |  | 2,850
Other fresh income | ​ |  | 16 | ​ |  | — | ​ | ​ |  | 16 | ​ |  | 22 | ​ |  | — | ​ |  | 22
Guacamole | ​ | ​ | — | ​ |  | 17,159 | ​ | ​ |  | 17,159 | ​ |  | — | ​ |  | 19,640 | ​ |  | 19,640
Total gross sales | ​ |  | 175,465 | ​ |  | 17,159 | ​ | ​ |  | 192,624 | ​ |  | 167,440 | ​ |  | 19,640 | ​ |  | 187,080
Less: sales allowances | ​ |  | (804) | ​ |  | (1,274) | ​ | ​ |  | (2,078) | ​ |  | (685) | ​ |  | (2,012) | ​ |  | (2,697)
Net sales | ​ | $ | 174,661 | ​ | $ | 15,885 | ​ | ​ | $ | 190,546 | ​ | $ | 166,755 | ​ | $ | 17,628 | ​ | $ | 184,383
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended April 30, 2025 | ​ | Six months ended April 30, 2024
​ |  | ​ |  | ​ |  |  | ​ | ​ |  | ​ |  | ​ |  | ​ | ​
​ | ​ | Fresh | ​ | Prepared | ​ | ​ | Total | ​ | Fresh | ​ | Prepared | ​ | Total
​ |  | ​ |  | ​ |  |  | ​ | ​ |  | ​ |  | ​ |  | ​ | ​
Avocados | ​ | $ | 284,370 | ​ | $ | — | ​ | ​ | $ | 284,370 | ​ | $ | 235,686 | ​ | $ | — | ​ | $ | 235,686
Tomatoes | ​ |  | 24,999 | ​ |  | — | ​ | ​ |  | 24,999 | ​ |  | 39,352 | ​ |  | — | ​ |  | 39,352
Papayas | ​ |  | 6,123 | ​ |  | — | ​ | ​ |  | 6,123 | ​ |  | 5,932 | ​ |  | — | ​ |  | 5,932
Other fresh income | ​ |  | 40 | ​ |  | — | ​ | ​ |  | 40 | ​ |  | 48 | ​ |  | — | ​ |  | 48
Guacamole | ​ | ​ | — | ​ | ​ | 33,142 | ​ | ​ | ​ | 33,142 | ​ | ​ | — | ​ | ​ | 35,719 | ​ | ​ | 35,719
Total gross sales | ​ |  | 315,532 | ​ |  | 33,142 | ​ | ​ |  | 348,674 | ​ |  | 281,018 | ​ |  | 35,719 | ​ |  | 316,737
Less sales allowances | ​ |  | (1,076) | ​ |  | (2,667) | ​ | ​ |  | (3,743) | ​ |  | (1,237) | ​ |  | (3,511) | ​ |  | (4,748)
Net sales | ​ | $ | 314,456 | ​ | $ | 30,475 | ​ | ​ | $ | 344,931 | ​ | $ | 279,781 | ​ | $ | 32,208 | ​ | $ | 311,989
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | ​ | ​
​ | ​ | Fresh | ​ | Prepared | ​ | Total
​ | ​ | (All amounts are presented in thousands)
Three months ended April 30, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | $ | 174,661 | ​ | $ | 15,885 | ​ | $ | 190,546
Cost of sales | ​ | ​ | 160,608 | ​ | ​ | 11,849 | ​ | ​ | 172,457
Gross profit | ​ | $ | 14,053 | ​ | $ | 4,036 | ​ | $ | 18,089
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three months ended April 30, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | $ | 166,755 | ​ | $ | 17,628 | ​ | $ | 184,383
Cost of sales | ​ | ​ | 150,525 | ​ | ​ | 13,320 | ​ | ​ | 163,845
Gross profit | ​ | $ | 16,230 | ​ | $ | 4,308 | ​ | $ | 20,538
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fresh | ​ | Prepared | ​ | Total
​ | ​ | (All amounts are presented in thousands)
Six months ended April 30, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | $ | 314,456 | ​ | $ | 30,475 | ​ | $ | 344,931
Cost of sales | ​ | ​ | 288,266 | ​ | ​ | 22,848 | ​ |  | 311,114
Gross profit | ​ | $ | 26,190 | ​ | $ | 7,627 | ​ | $ | 33,817
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Six months ended April 30, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | $ | 279,781 | ​ | $ | 32,208 | ​ | $ | 311,989
Cost of sales | ​ | ​ | 257,121 | ​ | ​ | 23,570 | ​ | ​ | 280,691
Gross profit | ​ | $ | 22,660 | ​ | $ | 8,638 | ​ | $ | 31,298
​ For the three months ended April 30, 2025 and 2024, intercompany sales and cost of sales of $0.3 million and $0.2 million between Fresh products and Prepared products were eliminated. For the six months ended April 30, 2025 and 2024, intercompany sales and cost of sales of $0.7 million and $0.6 million between Grown products and Prepared products were eliminated. ​ Sales to customers outside the U.S. were approximately $13.1 million and $12.9 million for the three months ended April 30, 2025, and 2024. Sales to customers outside the U.S. were approximately $24.8 million and $23.8 million for the six months ended April 30, 2025 and 2024. ​ The net carrying value of long-lived assets attributed to geographic areas as of April 30, 2025, and October 31, 2024, are as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | United States |  | Mexico |  | Consolidated
April 30, 2025 | ​ | $ | 22,901 | ​ | $ | 28,157 | ​ | $ | 51,058
October 31, 2024 | ​ | $ | 24,531 | ​ | $ | 29,669 | ​ | $ | 54,200
​

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration