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Information regarding our operations in different segments

9 Months Ended

Jul. 31, 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 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:

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Three months ended July 31, 2025

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Three months ended July 31, 2024

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Fresh

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Prepared

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Total

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Fresh

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Prepared

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Total

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Avocados

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$

147,344

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$

—

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$

147,344

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$

151,814

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$

—

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$

151,814

Tomatoes

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5,846

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—

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5,846

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9,874

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—

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9,874

Papayas

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3,085

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—

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3,085

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2,268

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—

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2,268

Other fresh income

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24

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—

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24

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24

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—

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24

Guacamole

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​

—

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24,254

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24,254

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—

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18,388

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18,388

Total gross sales

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156,299

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24,254

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180,553

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163,980

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18,388

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182,368

Less: sales allowances

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(448)

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(1,283)

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(1,731)

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(762)

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(2,010)

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(2,772)

Net sales

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$

155,851

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$

22,971

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$

178,822

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$

163,218

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$

16,378

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$

179,596

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Nine months ended July 31, 2025

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Nine months ended July 31, 2024

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Fresh

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Prepared

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Total

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Fresh

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Prepared

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Total

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Avocados

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$

431,864

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$

—

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$

431,864

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$

387,500

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$

—

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$

387,500

Tomatoes

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30,844

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—

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30,844

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49,226

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—

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49,226

Papayas

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9,209

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—

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9,209

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8,200

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—

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8,200

Other fresh income

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64

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—

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64

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72

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—

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72

Guacamole

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—

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57,395

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57,395

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—

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54,107

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54,107

Total gross sales

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471,981

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57,395

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529,376

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444,998

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54,107

​

499,105

Less sales allowances

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(1,674)

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(3,949)

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(5,623)

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(1,999)

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(5,521)

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(7,520)

Net sales

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$

470,307

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$

53,446

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$

523,753

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$

442,999

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$

48,586

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$

491,585

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​		​			​			​	​
​	​	Fresh		​	Prepared		​	Total
​	​	(All amounts are presented in thousands)
Three months ended July 31, 2025	​	​	​	​	​	​	​	​	​
Net sales	​	$	155,851	​	$	22,971	​	$	178,822
Cost of sales	​	​	143,424	​	​	17,200	​	​	160,624
Gross profit	​	$	12,427	​	$	5,771	​	$	18,198
​	​	​	​	​	​	​	​	​	​
Three months ended July 31, 2024	​	​	​	​	​	​	​	​	​
Net sales	​	$	163,218	​	$	16,378	​	$	179,596
Cost of sales	​	​	145,043	​	​	14,460	​	​	159,503
Gross profit	​	$	18,175	​	$	1,918	​	$	20,093
​	​	​	​	​	​	​	​	​	​
​	​	Fresh		​	Prepared		​	Total
​	​	(All amounts are presented in thousands)
Nine months ended July 31, 2025	​	​	​	​	​	​	​	​	​
Net sales	​	$	470,307	​	$	53,446	​	$	523,753
Cost of sales	​	​	431,690	​	​	40,048	​		471,738
Gross profit	​	$	38,617	​	$	13,398	​	$	52,015
​	​	​	​	​	​	​	​	​	​
Nine months ended July 31, 2024	​	​	​	​	​	​	​	​	​
Net sales	​	$	442,999	​	$	48,586	​	$	491,585
Cost of sales	​	​	402,041	​	​	38,030	​	​	440,071
Gross profit	​	$	40,958	​	$	10,556	​	$	51,514

​

For the three months ended July 31, 2025, intercompany sales and cost of sales of $0.1 million between Fresh products and Prepared products were eliminated. For the nine months ended July 31, 2025 and 2024, intercompany sales and cost of sales of $0.8 million and $0.6 million between Fresh products and Prepared products were eliminated.

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Sales to customers outside the U.S. were approximately $17.2 million and $11.9 million for the three months ended July 31, 2025, and 2024. Sales to customers outside the U.S. were approximately $42 million and $35.7 million for the nine months ended July 31, 2025 and 2024.

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The net carrying value of long-lived assets attributed to geographic areas as of July 31, 2025, and October 31, 2024, are as follows (in thousands):

​	​	​	​	​	​	​	​	​	​
​		United States			Mexico			Consolidated
July 31, 2025	​	$	22,684	​	$	27,919	​	$	50,603
October 31, 2024	​	$	24,531	​	$	29,669	​	$	54,200

​

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- 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.

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