AVO — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-09-08

• •Prepared Foods. Includes prepared products, such as packaged guacamole and salsas, sold to retail and foodservice customers. This segment is equivalent to the acquired “Prepared Foods” business of Calavo.

• Subsequently, the U.S. Customs and Border Protection (CBP) has created the Consolidated Administration and Processing of Entries (CAPE) system to administer refunds for tariffs imposed under IEEPA. The system was released in phases corresponding to different classes of claims. During the third fisca…

• revenue and cost of sales based on the nature of the settlements. We are monitoring the situation closely for any changes to the ability to recover refunds.

• Gross profit decreased $0.4 million or 1% for the three months ended July 31, 2026 compared to the same period last year and gross profit percentage decreased 270 basis points compared to the same period last year, to 9.9% of revenue. In our International Farming segment, gross profit decreased due …

• Gross profit decreased $8.2 million or 8% for the nine months ended July 31, 2026, while gross profit percentage decreased compared to the same period last year at 9.5% of revenue. In our International Farming segment gross profit was lower due to lower average sales prices attributed to higher glob…

Text removed vs the prior filing · source: 10-Q · 2026-06-08

• Subsequently, the U.S. Customs and Border Protection (CBP) has created the Consolidated Administration and Processing of Entries (CAPE) system to administer refunds for tariffs imposed under IEEPA. While progress has been made regarding the establishment of the CAPE system, there remains substantial…

• We are monitoring the situation closely for further information about how the U.S. government intends to proceed.

• Gross profit decreased $7.9 million or 28% for the three months ended April 30, 2026 compared to the same period last year and gross profit percentage decreased 50 basis points compared to the same period last year, to 7.0% of revenue. Gross profit in our Marketing and Distribution segment was lower…

• Gross profit decreased $7.8 million or 13% for the six months ended April 30, 2026, while gross profit percentage increased 70 basis points compared to the same period last year, to 9.1% of revenue. Gross profit improved in our Marketing and Distribution segment due to higher volume of avocados sold…

• SG&A expenses excluding transaction advisory costs for the three and six months ended April 30, 2026 were flat compared to the same periods last year.

Text added vs the prior filing · source: 10-Q · 2026-09-08

• On May 28, 2026, we completed our acquisition of Calavo Growers Inc., and accordingly have included the results of Calavo in our consolidated financial statements. We are continuing to evaluate and integrate Calavo Growers Inc.’s processes and controls and may implement changes in future periods.

Text added vs the prior filing · source: 10-Q · 2026-09-08

• On June 25, 2026, Bryan Giles, the Chief Financial Officer of the Company, entered into a trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. Mr. Giles’ plan provides for the exercise of vested stock options and the sale of up to 20,000 shares of the Co…

Text removed vs the prior filing · source: 10-Q · 2026-06-08

• During the fiscal quarter ended April 30, 2026, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” (in each case, as defined in Item 408 of Regulation S-K).