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Inventories

9 Months Ended

Jul. 31, 2025

Inventories

Inventories

3. Inventories

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Inventories consist of the following (in thousands):

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​	​	​	​	​	​	​
​	​	July 31,		​	October 31,
​	​	2025		​	2024
​	​	​	​	​	​	​
Fresh fruit		$	16,233		$	20,002
Packing supplies and ingredients	​		6,932	​		6,936
Finished prepared foods	​		7,163	​		7,219
Total	​	$	30,328	​	$	34,157

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Inventories are stated at the lower of cost or net realizable value. We periodically review the value of items in inventory and record any necessary write downs of inventory based on our assessment of market conditions. Inventory includes reserves of $2.6 million in slow moving inventories and amounts estimated not to be sold as of July 31, 2025 and $0.4 million as of October 31, 2024. The increase in reserves at July 31, 2025 reflects higher slow-moving

inventories and market-related factors in the third quarter, including the temporary detention hold on certain avocados from Mexico by the U.S. Food and Drug Administration (the “FDA”), which led to inventory write-downs on fruit diverted or sold at distressed prices. See Note 6 for additional information regarding this temporary FDA detention hold and the impacts thereof.

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- References

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/330/tableOfContent

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