v3.26.1
Segment and Revenue Information
 6 Months Ended
Apr. 30, 2026
Segment Reporting [Abstract]  
Segment and Revenue Information Segment and Revenue Information
We have three operating segments which are also reportable segments. Our reportable segments are presented based on how information is used by our CEO, who is the chief operating decision maker, to measure performance and allocate resources.
•Marketing & Distribution. Our Marketing & Distribution reportable segment sources fruit from growers and then distributes the fruit through our global distribution network.
•International Farming. International Farming owns and operates orchards from which the vast majority of fruit produced is sold to our Marketing & Distribution segment. The segment’s farming activities range from cultivating early-stage plantings to harvesting from mature trees. It also earns service revenues for packing and processing fruit for both our Blueberries segment, as well as for third-party producers of other crops. Operations are principally located in Peru and Guatemala.
•Blueberries. The Blueberries segment consists of farming activities that include cultivating early-stage blueberry plantings and harvesting mature bushes. Substantially all blueberries produced are sold to a single distributor under an exclusive marketing agreement.
The following table provides information for each of our reportable segments and reconciliations to consolidated income before taxes.
(In millions)Marketing & DistributionInternational FarmingBlueberries
Total
Three months ended April 30, 2026:
Third-party sales
$277.2 $2.7 $11.0 $290.9 
Affiliated sales— 5.0 — 5.0 
277.2 7.7 11.0 295.9 
Reconciliation of revenue
Elimination of affiliated sales
(5.0)
Total consolidated sales
290.9 
Less:
Segment cost of sales(1)
256.3 9.1 9.9 
(In millions)Marketing & DistributionInternational FarmingBlueberries
Total
Segment selling, general and administrative expenses(2)
24.7 2.5 0.4 
Segment operating (loss) income(3.8)(3.9)0.7 (7.0)
Interest expense
(1.9)
Equity method income
1.3 
Other expense, net(1.1)
Loss before income taxes$(8.7)
Three months ended April 30, 2025:
Third-party sales
$362.5 $2.1 $15.7 $380.3 
Affiliated sales— 6.0 — 6.0 
362.5 8.1 15.7 386.3 
Reconciliation of revenue
Elimination of affiliated sales
(6.0)
Total consolidated sales
380.3 
Less:
Segment cost of sales(1)
336.4 7.6 14.2 
Segment selling, general and administrative expenses(2)
18.5 1.8 0.9 
Segment operating income (loss)7.6 (1.3)0.6 6.9 
Interest expense
(2.5)
Equity method income
0.9 
Other expense, net(0.6)
Income before income taxes
$4.7 
Six months ended April 30, 2026:
Third-party sales
$512.0 $5.7 $51.8 $569.5 
Affiliated sales— 12.6 — 12.6 
512.0 18.3 51.8 582.1 
Reconciliation of revenue
Elimination of affiliated sales
(12.6)
Total consolidated sales
$569.5 
Less:
Segment cost of sales(1)
464.3 16.6 49.1 
Segment selling, general and administrative expenses(2)
50.4 5.3 0.9 
Segment operating (loss) income(2.7)(3.6)1.8 (4.5)
Interest expense
(3.6)
Equity method income
2.8 
Other income, net
(2.4)
Loss before income taxes$(7.7)
Six months ended April 30, 2025:
Third-party sales
$658.3 $4.1 $52.1 $714.5 
Affiliated sales— 13.2 — 13.2 
658.3 17.3 52.1 727.7 
Reconciliation of revenue
Elimination of affiliated sales
(13.2)
Total consolidated sales
$714.5 
Less:
Segment cost of sales(1)
612.4 14.0 41.4 
Segment selling, general and administrative expenses(2)
36.5 4.7 2.5 
Segment operating income (loss)9.4 (1.4)8.2 16.2 
Interest expense
(4.7)
Equity method income
1.7 
(In millions)Marketing & DistributionInternational FarmingBlueberries
Total
Other income, net
0.9 
Income before income taxes
$14.1 
(1)Segment cost of sales for each reportable segment included:
•Marketing & Distribution—fruit costs, employee-related expenses, freight, packaging costs, depreciation, and other costs.
•International Farming and Blueberries—employee-related expenses, farming costs, packaging costs, depreciation and other costs.
(2)Segment selling, general and administrative expenses for each reportable segment included employee-related expenses including performance-based stock compensation expense and statutory profit-sharing expense, professional fees, and other general corporate expenses.

Supplemental information by segment is as follows.
Three Months Ended
April 30,		Six Months Ended
April 30,
(In millions)2026202520262025
Depreciation and amortization expense by segment:
Marketing & Distribution$3.3 $4.0 $6.5 $8.7 
International Farming2.1 2.2 3.7 3.5 
Blueberries
1.3 0.8 5.7 3.5 
Total
$6.7 $7.0 $15.9 $15.7 
Purchases of property, plant and equipment by segment:
Marketing & Distribution$2.4 $1.3 $4.3 $2.2 
International Farming6.2 9.7 11.9 17.6 
Blueberries
2.4 2.2 6.7 8.2 
Total
$11.0 $13.2 $22.9 $28.0 
Supplemental sales information is as follows.
Three Months Ended
April 30,		Six Months Ended
April 30,
(In millions)2026202520262025
By type
Avocado$246.7 $332.6 $467.6 $611.8 
Blueberry11.0 15.7 51.8 52.1 
Mango30.9 29.9 43.8 44.7 
Other2.3 2.1 6.3 5.9 
Total net sales$290.9 $380.3 $569.5 $714.5 
By customer location
United States$229.5 $317.9 $439.4 $582.7 
Rest of world61.4 62.4 130.1 131.8 
Total net sales$290.9 $380.3 $569.5 $714.5