0001802974-26-000022 | 10-Q | XBRL Viewer

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Earnings Per Share and Shareholder’s Equity - Schedule of Equity Awards Excluded from Computation of Diluted EPS (Details) - shares	3 Months Ended
	Jan. 31, 2026	Jan. 31, 2025
Anti-dilutive stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	2,046,639	1,699,770
Anti-dilutive RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	584,568	52,211
Anti-dilutive PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	485,827	0

Inventory

3 Months Ended

Jan. 31, 2026

Inventory Disclosure [Abstract]

Inventory

Major classes of inventory were as follows:


(In millions)	January 31, 2026		October 31, 2025
Finished goods	$	41.7	$	29.9
Crop growing costs	37.6		29.8
Packaging and supplies	20.0		20.9
Inventory	$	99.3	$	80.6

General	3 Months Ended
General	Jan. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General Business Mission Produce, Inc. together with its consolidated subsidiaries (“Mission,” “the Company,” “we,” “us” or “our”), is a global leader in the avocado industry. The Company’s expertise lies in the farming, packaging, marketing and distribution of avocados to food retailers, distributors and produce wholesalers worldwide. The Company procures avocados principally from California, Mexico and Peru. Through our various operating facilities, we grow, sort, pack, bag and ripen avocados and a small amount of other fruits for distribution to domestic and international markets. We report our results of operations in three operating segments: Marketing & Distribution, International Farming and Blueberries (see Note 12). Basis of presentation and consolidation The unaudited interim condensed consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and include the Company’s consolidated domestic and international subsidiaries and variable interest entity (“VIE”) for which we are the primary beneficiary and have a controlling interest. Certain information and disclosures normally included in annual consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Accordingly, these unaudited interim condensed consolidated financial statements and accompanying footnotes should be read in conjunction with the Company’s Annual Report for the year ended October 31, 2025. In the opinion of management, all adjustments, of a normal recurring nature, considered necessary for a fair statement have been included in the unaudited condensed consolidated financial statements. Interim results of operations are not necessarily indicative of future results, including results that may be expected for the twelve months ended October 31, 2026. Recently issued accounting standards In December 2025, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2025-11, Interim Reporting (Topic 270) Narrow-Scope Improvements. The amendments in this Update clarify interim disclosure requirements and the applicability of Topic 270. The objective of the update is to provide clarity about current interim requirements. The amendments in this Update also include a disclosure principle that requires entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. The amendments in this ASU are required to be adopted for interim periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact of adoption on our financial disclosures. In November 2024, and as updated in January 2025, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures. The ASU requires that an entity disclose additional information about specific expense categories in the notes to financial statements at interim and annual reporting periods. This information is generally not presented in the financial statements today. The amendments in this ASU are required to be adopted for fiscal years beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The amendments should be applied either (1) prospectively to financial statements issued for reporting periods after the effective date of this update or (2) retrospectively to any or all prior periods presented in the financial statements. We are currently evaluating the impact of adoption on our financial disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740)—Improvements to Income Tax Disclosures. The ASU requires that an entity disclose specific categories in the effective tax rate reconciliation as well as provide additional information for reconciling items that meet a quantitative threshold. Further, the ASU requires certain disclosures of state versus federal income tax expense and taxes paid. The amendments in this ASU are required to be adopted for fiscal years beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued. The amendments should be applied on a prospective basis although retrospective application is permitted. We are currently evaluating the impact of adoption on our financial disclosures.

Earnings Per Share and Shareholder’s Equity - Rights Plan (Details)	Jan. 22, 2026 $ / shares shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Preferred stock, conversion ratio	1
Right to Purchase Series A Junior Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Class of warrant or right, number of securities called by each warrant or right (in shares) \| shares	0.001
Class of warrant or right, exercise price of warrants or rights (in dollars per share)	$ 63.00
Rights Of Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Redemption price of right (in shares)	$ 0.01
Rights of before redemption acquired common stock (in percent)	0.15
Rights of after redemption acquired common stock (in percent)	0.50
Rights of redemption acquired common stock (in percent)	0.15

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Jan. 31, 2026
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Agreement and Plan of Merger with Calavo Growers, Inc. On January 14, 2026, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among Parent, Calavo Growers, Inc. and affiliates (“Calavo”). Under the terms of the Merger Agreement, Calavo stockholders will receive $27.00 per share, comprised of $14.85 in cash and 0.9790 shares of Company common stock for each share of Calavo common stock, totaling approximately $490 million in consideration at the time of the announcement. Changes in Mission Produce’s share price on the date of closing as compared to on the date of the announcement could increase or decrease the total amount of consideration. The transaction is expected to be financed by a combination of Mission Produce equity, new long-term debt borrowings, and cash on-hand. The debt financing assumes Mission obtains incremental proceeds from its amended credit facility including a $50 million increase in the revolving line of credit and $250 million of principal term loans. Mission Produce has obtained lender commitment for the additional indebtedness. Mission Produce engaged the services of an advisory firm to assist and advise the company for the period prior to the initial mergers. Under the agreement with its advisory firm, $5.0 million will be payable from Mission Produce to the firm upon successful consummation of the mergers; this fee has not been recorded in the condensed consolidated financial statements to date. Under the terms of the Merger Agreement, termination of the merger by Mission Produce could require Mission Produce to pay Calavo $12.9 million or $15.0 million in termination fees, depending on the circumstances of the termination. Alternatively, if Calavo terminates the merger under certain circumstances, they would be required to pay Mission Produce $12.9 million in termination fees. Litigation We are from time to time involved in legal proceedings and investigations arising in the ordinary course of business, including those relating to employment matters, relationships with clients and contractors, intellectual property disputes and other business matters. On October 21, 2024, a former temporary worker placed at the Company’s California packinghouse by a labor contractor utilized by the Company, filed a class action lawsuit in the Superior Court of the State of California for the County of Ventura County against us alleging violations of certain wage and hour laws. Plaintiff seeks class certification, payment of wages earned and owed, liquidated damages, penalties and fees, other damages as set forth in Plaintiff’s lawsuit, and injunctive relief. A related lawsuit under the Private Attorneys General Act (“PAGA”) was also filed on December 16, 2024. On July 30, 2025, the Court granted the parties’ stipulation to dismiss the class action lawsuit and to submit the PAGA matter to mediation. The parties attended mediation on February 25, 2026. No resolution was reached at mediation. At this time, it is too soon to determine the outcome of the litigation. As a result, the Company has not accrued for any loss contingencies related to these claims because the amount and range of loss, if any, cannot currently be reasonably estimated. On November 6, 2024, the Organics Consumers Association filed a lawsuit in the Superior Court of the District of Columbia alleging the Company engaged in false and deceptive advertising in violation of the D.C. Consumer Protection and Procedures Act by making representations about sustainable sourcing practice in connection with its sale of avocados (“OCA matter”). Plaintiff seeks only declaratory and injunctive relief. On February 21, 2025, the same lawyers that represent the Organic Consumers Association filed a putative class action lawsuit on behalf of Kachuk Enterprises, Bantle Avocado Farm, Maskell Family Trust, and Northern Capital, Inc., owners and operators of avocado orchards located in California, against the Company and certain other avocado distributors (“Kachuk matter”). The lawsuit alleges violations of California’s False Advertising Law, California’s Unfair Competition Law, and unjust enrichment related to defendants’ alleged representations to consumers that their avocados are sustainably and responsibly sourced. Plaintiffs primarily seek injunctive relief, monetary and statutory damages, disgorgement of profits, and restitution. On the OCA matter, the Company filed a motion to dismiss on February 25, 2025. The Court denied our motion to dismiss and allowed limited discovery on the issue of personal jurisdiction, which has been completed. The Company renewed its motion to dismiss on September 22, 2025, and Plaintiffs’ opposition was filed on March 11, 2026. On the Kachuk matter, defendants jointly filed a motion to dismiss on May 2, 2025. The Court granted defendants’ joint motion to dismiss, but allowed Plaintiffs leave to amend their complaint, which they did on October 24, 2025. Defendants thereafter jointly filed a motion to dismiss the first amended complaint on November 21, 2025. Plaintiffs filed their opposition to the first amended complaint on December 19, 2025. On January 22, 2026, the Court granted Defendants’ motion to dismiss on all grounds except for one and granted Plaintiffs narrow leave to amend to address. On January 28, 2026, Plaintiffs filed their second amended complaint. Defendants filed a renewed motion to dismiss the second amended complaint on February 25, 2026. Plaintiffs’ opposition is due March 18, 2026. The Company is vigorously defending against the claims asserted in both these lawsuits. At this time, it is too soon to determine the outcome of these lawsuits. As a result, the Company has not accrued for any loss contingencies related to these matters because the amount and range of loss, if any, cannot be reasonably estimated. On March 27, 2025, a fatality accident occurred at our Laredo, Texas distribution center. A complaint was filed by the decedent’s estate in court alleging various causes of action relating to alleged negligence. Plaintiff seeks survival damages, wrongful death damages, punitive damages, and other fees and costs. The Company has tendered the matter to insurance and is being represented by counsel appointed by the insurance company. The Plaintiff submitted a Stowers demand to the insurance companies for a payment equal to the maximum coverage across all tiers, which has been accepted by the insurance companies and the Company. The parties are currently working through the terms of the settlement. On March 4, 2026, a former temporary worker placed at the Company’s California packinghouse by a labor contractor utilized by the Company, filed a class action lawsuit in the Superior Court of California for the County of Ventura County against us alleging violations of certain wage and hour laws. Plaintiff seeks class certification, payment of wages earned and owed, liquidated damages, penalties and fees, other damages as set forth in Plaintiff’s lawsuit, and injunctive relief. The Company is vigorously defending against the claims asserted in both these lawsuits. At this time, it is too soon to determine the outcome of these lawsuits. As a result, the Company has not accrued for any loss contingencies related to these matters because the amount and range of loss, if any, cannot be reasonably estimated. The outcomes of our legal proceedings and other contingencies are inherently unpredictable, subject to significant uncertainties, and if one or more legal matters were resolved against the Company in a reporting period for amounts above management’s expectations, the Company’s financial condition and operating results for that period could be materially adversely affected.

Details of Certain Account Balances (Tables)

3 Months Ended

Jan. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Accrued Expenses

Accrued expenses


(In millions)	January 31, 2026		October 31, 2025
Employee-related	$	26.1	$	23.6
Freight	8.7		5.9
Outside fruit purchase	3.2		0.4
VAT and local taxes payable	0.6		1.8
Transaction advisory costs	7.0		0.8
Other	7.7		6.4
Accrued expenses	$	53.3	$	38.9

Schedule of Other Long-term Liabilities

Other long-term liabilities


(In millions)	January 31, 2026		October 31, 2025
Uncertain tax positions(1)	$	21.3	$	20.0
Employee-related	3.0		2.9
Trade payables to noncontrolling interest holders	—		1.7

Other	1.1		1.7
Other long-term liabilities	$	25.4	$	26.3

(1)Includes uncertain tax positions related to both income taxes and other statutory tax reserves, plus related penalties and interest.

Schedule of Other (Expense) Income, Net

Other (expense) income, net


	Three Months Ended January 31,
(In millions)		2026		2025
Gains on derivative financial instruments		$	—	$	0.1
Foreign currency transaction (loss) gain		(1.6)		1.1
Interest income		0.3		0.3

Other (expense) income, net		$	(1.3)	$	1.5

Related Party Transactions (Tables)

3 Months Ended

Jan. 31, 2026

Schedule of Balance Sheets and Statements of Income

Transactions with related parties included in the condensed consolidated financial statements were as follows:


	Condensed Consolidated Balance Sheets
	January 31, 2026								October 31, 2025
(In millions)	Accounts receivable		Property, plant and equipment, net		Accounts payable & accrued expenses		Finance lease liabilities		Accounts receivable		Property, plant and equipment, net		Accounts payable & accrued expenses		Finance lease liabilities
Equity method investees:
Henry Avocado	$	—	$	—	$	—	$	—	$	—	$	—	$	0.1	$	—
Mr. Avocado	—		—		—		—		0.4		—		—		—
Other:
Directors/Officers(1)	0.4		19.0		—		20.3		0.1		19.2		—		21.8
Employees(2)	—		—		1.8		—		—		—		1.0		—


	Condensed Consolidated Statements of (Loss) Income
(In millions)	Net sales		Cost of sales		Interest expense		Net sales		Cost of sales		Interest expense
	Three Months Ended January 31, 2026						Three Months Ended January 31, 2025
Equity method investees:
Henry Avocado	$	—	$	0.2	$	—	$	—	$	—	$	—

Other:
Directors/Officers(1)	0.5		0.2		0.5		0.6		0.3		0.5
Employees(2)	—		2.7		—		—		1.2		—

(1)The Company purchases from and sells fruit to, and provides logistics services to, a small number of entities having full or partial ownership by some of our directors/officers. These transactions are made under substantially similar terms as with other growers and customers. Our blueberries business leases land under a long-term lease with a company owned by one of our directors. The rental rate in the lease was

comparable to market rates and reflective of an arms-length transaction. The lease was accounted for as a finance lease right-of-use asset and is included in property, plant and equipment, net in the consolidated balance sheets, with amortization and interest expense recognized in cost of sales and interest expense, respectively, in the condensed consolidated statements of (loss) income. The portion of lease costs attributable to noncontrolling interest, net of income taxes, was $0.2 million for both the three months ended January 31, 2026 and 2025; amounts were included as part of net income attributable to noncontrolling interest in the condensed consolidated statements of (loss) income.

(2)The Company utilizes a small number of transportation vendors in Mexico having full or partial ownership by some of our employees. The Company also purchases avocados from a small number of entities having full or partial ownership by some employees. These transactions are made under substantially similar terms as with other transportation carriers and growers.

Commitments and Contingencies (Details) $ / shares in Units, $ in Millions	Jan. 14, 2026 USD ($) $ / shares shares
Amended Credit Agreement \| Secured Debt
Loss Contingencies [Line Items]
Debt instrument, face amount	$ 250.0
Revolving Credit Facility \| Amended Credit Agreement \| Line of Credit
Loss Contingencies [Line Items]
Line of credit facility, accordion feature, increase limit	$ 50.0
Calavo Growers, Inc
Loss Contingencies [Line Items]
Business combination, price per share (in dollars per share) \| $ / shares	$ 27.00
Business combination, price per share, paid in cash \| $ / shares	$ 14.85
Business combination, consideration transferred, equity interest, share issued (in shares) \| shares	0.9790
Carrying value	$ 490.0
Business combination, fee paid, upon successful consummation of merger	5.0
Business combination, termination fee paid	12.9
Calavo Growers, Inc \| Minimum
Loss Contingencies [Line Items]
Business combination, fee paid, upon termination of merger	12.9
Calavo Growers, Inc \| Maximum
Loss Contingencies [Line Items]
Business combination, fee paid, upon termination of merger	$ 15.0

Goodwill - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
Goodwill - Narrative (Details) - USD ($) $ in Millions	Jan. 31, 2026	Oct. 31, 2025
International Farming
Goodwill [Line Items]
Goodwill, impairment loss	$ 49.5	$ 49.5

- Definition

Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Variable Interest Entity (Details) - USD ($) $ in Millions	Jan. 31, 2026	Oct. 31, 2025
Variable Interest Entity [Line Items]
Current assets	$ 273.6	$ 262.2
Current liabilities	147.0	134.5
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Current assets	37.3	45.8
Long-term assets	81.7	82.7
Current liabilities	19.0	28.6
Long-term liabilities	$ 22.4	$ 25.5

- Definition

Amount of asset recognized for present right to economic benefit, classified as current.

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+ References + Details

Details of Certain Account Balances - Schedule of Other Long-term Liabilities (Details) - USD ($) $ in Millions	Jan. 31, 2026	Oct. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Uncertain tax positions	$ 21.3	$ 20.0
Employee-related	3.0	2.9
Trade payables to noncontrolling interest holders	0.0	1.7
Other	1.1	1.7
Other long-term liabilities	$ 25.4	$ 26.3

Details of Certain Account Balances - Schedule of Accrued Expenses (Details) - USD ($) $ in Millions	Jan. 31, 2026	Oct. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Employee-related	$ 26.1	$ 23.6
Freight	8.7	5.9
Outside fruit purchase	3.2	0.4
VAT and local taxes payable	0.6	1.8
Transaction advisory costs	7.0	0.8
Other	7.7	6.4
Accrued expenses	$ 53.3	$ 38.9

Goodwill

3 Months Ended

Jan. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill


(In millions)	International Farming		Blueberries		Total
Goodwill as of both January 31, 2026 and October 31, 2025	$	26.9	$	12.5	$	39.4

The carrying amounts of goodwill as of both January 31, 2026 and October 31, 2025 were net of accumulated impairment losses of $49.5 million, attributable to the International Farming segment. Goodwill is tested for impairment on an annual basis in the fourth quarter, or when an event or changes in circumstances indicate that its carrying value may not be recoverable.

General (Details)	3 Months Ended
General (Details)	Jan. 31, 2026 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	3

Debt - Schedule of Long-term Debt Under Credit Facility (Details) - USD ($) $ in Millions	Jan. 31, 2026	Oct. 31, 2025
Debt Instrument [Line Items]
Total long-term debt	$ 100.2	$ 96.0
Less debt issuance costs	(0.2)	(0.2)
Long-term debt, net of debt issuance costs	100.0	95.8
Less current portion of long-term debt	(3.0)	(3.0)
Long-term debt, net of current portion	97.0	92.8
Revolving Line of Credit \| Line of Credit
Debt Instrument [Line Items]
Total long-term debt	$ 10.0	$ 5.0
Interest rate	5.28%	5.63%
Senior Term Loan A-1 \| Secured Debt
Debt Instrument [Line Items]
Total long-term debt	$ 41.8	$ 42.5
Interest rate	5.27%	5.56%
Senior Term Loan A-2 \| Secured Debt
Debt Instrument [Line Items]
Total long-term debt	$ 48.4	$ 48.5
Interest rate	5.52%	5.81%

Earnings Per Share and Shareholder’s Equity - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Jan. 31, 2026	Jan. 31, 2025
Numerator:
Net (loss) income attributable to Mission Produce (in millions)	$ (0.7)	$ 3.9
Denominator:
Weighted average shares of common stock outstanding, used in computing basic earnings per share (in shares)	70,641,613	70,962,630
Weighted average shares of common stock outstanding, used in computing diluted earnings per share (in shares)	70,641,613	71,384,445
Earnings per share
Basic (in dollars per share)	$ (0.01)	$ 0.06
Diluted (in dollars per share)	$ (0.01)	$ 0.05
Effect of dilutive stock options
Denominator:
Effect of dilutive securities (in shares)	0	29,607
Effect of dilutive RSUs
Denominator:
Effect of dilutive securities (in shares)	0	328,645
Effect of dilutive PSUs
Denominator:
Effect of dilutive securities (in shares)	0	63,563

Earnings Per Share and Shareholder’s Equity (Tables)

3 Months Ended

Jan. 31, 2026

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share


	Three Months Ended January 31,
		2026		2025
Numerator:
Net (loss) income attributable to Mission Produce (in millions)		$	(0.7)	$	3.9
Denominator:
Weighted average shares of common stock outstanding, used in computing basic earnings per share		70,641,613		70,962,630
Effect of dilutive stock options		—		29,607
Effect of dilutive RSUs		—		328,645
Effect of dilutive PSUs		—		63,563
Weighted average shares of common stock outstanding, used in computing diluted earnings per share		70,641,613		71,384,445
Earnings per share
Basic		$	(0.01)	$	0.06
Diluted		$	(0.01)	$	0.05

Schedule of Equity Awards Excluded from Computation of Diluted EPS

Equity awards representing shares of common stock outstanding that were excluded in the computation of diluted earnings per share because their effect would have been anti-dilutive as a result of applying the treasury stock method, were as follows:


	Three Months Ended January 31,
		2026	2025
Anti-dilutive stock options		2,046,639	1,699,770
Anti-dilutive RSUs		584,568	52,211
Anti-dilutive PSUs		485,827	—

Goodwill (Tables)

3 Months Ended

Jan. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill


(In millions)	International Farming		Blueberries		Total
Goodwill as of both January 31, 2026 and October 31, 2025	$	26.9	$	12.5	$	39.4

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details

Details of Certain Account Balances - Narrative (Details) - USD ($) $ in Millions	Jan. 31, 2026	Oct. 31, 2025
Product Information [Line Items]
Trade accounts receivable	$ 91.0	$ 80.5
Trade accounts payable	43.4	47.3
Noncontrolling Interest Holders
Product Information [Line Items]
Trade accounts receivable	10.8	5.1
Trade accounts payable	$ 6.0	$ 5.3

Related Party Transactions - Schedule of Statements of Income (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2026	Jan. 31, 2025
Related Party Transaction [Line Items]
Net sales	$ 278.6	$ 334.2
Cost of sales	247.0	302.7
Interest expense	1.7	2.2
Lease cost, portion attributable to noncontrolling interest	0.2	0.2
Directors/Officers
Related Party Transaction [Line Items]
Net sales	0.5	0.6
Cost of sales	0.2	0.3
Interest expense	0.5	0.5
Employees
Related Party Transaction [Line Items]
Net sales	0.0	0.0
Cost of sales	2.7	1.2
Interest expense	0.0	0.0
Henry Avocado \| Equity Method Investees
Related Party Transaction [Line Items]
Net sales	0.0	0.0
Cost of sales	0.2	0.0
Interest expense	$ 0.0	$ 0.0

- Definition

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Earnings Per Share and Shareholder’s Equity

3 Months Ended

Jan. 31, 2026

Earnings Per Share [Abstract]

Earnings Per Share and Shareholder’s Equity


	Three Months Ended January 31,
		2026		2025
Numerator:
Net (loss) income attributable to Mission Produce (in millions)		$	(0.7)	$	3.9
Denominator:
Weighted average shares of common stock outstanding, used in computing basic earnings per share		70,641,613		70,962,630
Effect of dilutive stock options		—		29,607
Effect of dilutive RSUs		—		328,645
Effect of dilutive PSUs		—		63,563
Weighted average shares of common stock outstanding, used in computing diluted earnings per share		70,641,613		71,384,445
Earnings per share
Basic		$	(0.01)	$	0.06
Diluted		$	(0.01)	$	0.05


	Three Months Ended January 31,
		2026	2025
Anti-dilutive stock options		2,046,639	1,699,770
Anti-dilutive RSUs		584,568	52,211
Anti-dilutive PSUs		485,827	—

Rights Plan

On January 22, 2026 our Board of Directors approved the adoption of a limited duration stockholder rights plan (the “Rights Plan”). Under the plan, one preferred stock purchase right will be distributed for each share of common stock held by stockholders of record on February 4, 2026. Under certain circumstances, each right will entitle stockholders to buy one one-hundredth of a share of newly-created Series A Junior Participating Preferred Stock of the Company at an exercise price of $63.00. The Company’s Board of Directors may redeem the rights at $0.01 per right at any time before a person or group has acquired 15% or more of the outstanding common stock. Additionally, at any time after a person or group becomes an acquiring person and before such person or group acquires 50% or more of the outstanding common stock, the Board of Directors may exchange the outstanding rights (other than those held by the acquiring person, which will be void) for shares of common stock at an exchange rate of one share of common stock per right, subject to adjustment. Subject to limited exceptions, if a person or group acquires 15% or more of the Company’s common stock (including shares that are synthetically owned pursuant to derivative transactions or ownership of derivative securities) or announces a tender offer and the consummation of that offer would result in such ownership (we refer to such a person or group as an “acquiring person”), each right will entitle its holder to purchase, at the right’s then-current exercise price, a number of shares of common stock having a market value at that time of two times the right’s exercise price. Rights held by the acquiring person will become void and will not be exercisable. If the Company is acquired in a merger or other business combination transaction that has not been approved by the Board of Directors after the rights become exercisable, each right will entitle its holder to purchase, at the right’s then-current exercise price, a number of shares of the acquiring company’s common stock having a market value at that time of two times the right’s exercise price.

The Rights Plan is effective January 21, 2026 and has a one-year duration, expiring on January 21, 2027, subject to the Company’s right to extend such date, unless earlier redeemed or exchanged by the Company or terminated.

Income Taxes (Details) $ in Millions	Jan. 31, 2026 USD ($)
Income Tax Disclosure [Abstract]
Uncertain tax provision	$ 18.5
Penalties and interest accrued	$ 10.4

Segment and Revenue Information - Supplemental Sales Information (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2026	Jan. 31, 2025
Segment Reporting Information [Line Items]
Total net sales	$ 278.6	$ 334.2
United States
Segment Reporting Information [Line Items]
Total net sales	209.9	264.8
Rest of world
Segment Reporting Information [Line Items]
Total net sales	68.7	69.4
Avocado
Segment Reporting Information [Line Items]
Total net sales	220.9	279.2
Blueberry
Segment Reporting Information [Line Items]
Total net sales	40.8	36.4
Mango
Segment Reporting Information [Line Items]
Total net sales	12.9	14.8
Other
Segment Reporting Information [Line Items]
Total net sales	$ 4.0	$ 3.8

- Definition

+ References

+ Details

Segment and Revenue Information - Schedule of Segment Reporting Information, by Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2026	Jan. 31, 2025
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net sales	$ 278.6	$ 334.2
Segment cost of sales
Segment selling, general and administrative expenses
Segment operating income (loss)	2.5	9.3
Interest expense	(1.7)	(2.2)
Equity method income	1.5	0.8
Other (expense) income, net	(1.3)	1.5
Income (loss) before income taxes	1.0	9.4
Depreciation and amortization	9.2	8.7
Purchases of property, plant and equipment by segment	11.9	14.8
Marketing & Distribution
Segment Reporting, Revenue Reconciling Item [Line Items]
Segment cost of sales	208.0	276.0
Segment selling, general and administrative expenses	25.7	18.0
Segment operating income (loss)	1.1	1.8
Depreciation and amortization	3.2	4.7
Purchases of property, plant and equipment by segment	1.9	0.9
International Farming
Segment Reporting, Revenue Reconciling Item [Line Items]
Segment cost of sales	7.5	6.4
Segment selling, general and administrative expenses	2.8	2.9
Segment operating income (loss)	0.3	(0.1)
Depreciation and amortization	1.6	1.3
Purchases of property, plant and equipment by segment	5.7	7.9
Blueberries
Segment Reporting, Revenue Reconciling Item [Line Items]
Segment cost of sales	39.2	27.2
Segment selling, general and administrative expenses	0.5	1.6
Segment operating income (loss)	1.1	7.6
Depreciation and amortization	4.4	2.7
Purchases of property, plant and equipment by segment	4.3	6.0
Operating segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net sales	286.2	341.4
Operating segment \| Marketing & Distribution
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net sales	234.8	295.8
Operating segment \| International Farming
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net sales	10.6	9.2
Operating segment \| Blueberries
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net sales	40.8	36.4
Operating segment \| Third-party sales
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net sales	278.6	334.2
Operating segment \| Third-party sales \| Marketing & Distribution
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net sales	234.8	295.8
Operating segment \| Third-party sales \| International Farming
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net sales	3.0	2.0
Operating segment \| Third-party sales \| Blueberries
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net sales	40.8	36.4
Operating segment \| Affiliated sales
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net sales	7.6	7.2
Operating segment \| Affiliated sales \| Marketing & Distribution
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net sales	0.0	0.0
Operating segment \| Affiliated sales \| International Farming
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net sales	7.6	7.2
Operating segment \| Affiliated sales \| Blueberries
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net sales	0.0	0.0
Elimination of affiliated sales
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net sales	$ (7.6)	$ (7.2)

Fair Value Measurements

3 Months Ended

Jan. 31, 2026

Fair Value Disclosures [Abstract]

Fair Value Measurements

Financial assets or liabilities measured and recorded at fair value on a recurring basis included in the condensed consolidated balance sheets were as follows:


	January 31, 2026								October 31, 2025
(In millions)	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Mutual funds	$	3.0	$	3.0	$	—	$	—	$	2.9	$	2.9	$	—	$	—

Liabilities
Interest rate swap	0.1		—		0.1		—		0.2		—		0.2		—

Our mutual fund investments relate to our deferred compensation plan, which are held in a Rabbi trust which is included in other assets in our consolidated balance sheets. The funds are measured at quoted prices in active markets, which is equivalent to their fair value.

The fair value of interest rate swaps is determined using widely accepted valuation techniques, including the discounted cash flow method. The analysis reflects the contractual terms of the swaps, including the period to maturity, and uses observable market-based inputs, including interest rate curves (“significant other observable inputs”). The fair value calculation also includes an amount for risk of non-performance using “significant unobservable inputs” such as estimates of current credit spreads to evaluate the likelihood of default. The Company has concluded, as of January 31, 2026 and October 31, 2025, the fair value associated with the “significant unobservable inputs” relating to the Company’s risk of non-performance was insignificant to the overall fair value of the interest rate swap agreements and, as a result, the Company determined that the relevant inputs for purposes of calculating the fair value of the interest rate swap agreements, in their entirety, were based upon “significant other observable inputs”. The liabilities associated with the interest rate swaps have been included in accrued expenses and other long-term liabilities in the condensed consolidated balance sheets and gains and losses for the interest rate swaps have been included in other (expense) income, net in the condensed consolidated statements of (loss) income.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

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+ Details

Cover - shares	3 Months Ended
Cover - shares	Jan. 31, 2026	Mar. 01, 2026
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2026
Document Transition Report	false
Entity File Number	001-39561
Entity Registrant Name	MISSION PRODUCE, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-3847744
Entity Address, Address Line One	2710 Camino Del Sol
Entity Address, City or Town	Oxnard
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	93030
City Area Code	805
Local Phone Number	981-3650
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		70,845,891
Amendment Flag	false
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001802974
Current Fiscal Year End Date	--10-31
Common stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	AVO
Security Exchange Name	NASDAQ
Preferred Stock
Document Information [Line Items]
Title of 12(b) Security	Series A Junior Participating Preferred Stock, par value $0.001 per share
Trading Symbol	AVO
Security Exchange Name	NASDAQ

Related Party Transactions - Schedule of Balance Sheets (Details) - USD ($) $ in Millions	Jan. 31, 2026	Oct. 31, 2025
Related Party Transaction [Line Items]
Accounts receivable	$ 15.5	$ 14.6
Property, plant and equipment, net	542.1	542.2
Directors/Officers
Related Party Transaction [Line Items]
Accounts receivable	0.4	0.1
Property, plant and equipment, net	19.0	19.2
Accounts payable & accrued expenses	0.0	0.0
Finance lease liabilities	20.3	21.8
Employees
Related Party Transaction [Line Items]
Accounts receivable	0.0	0.0
Property, plant and equipment, net	0.0	0.0
Accounts payable & accrued expenses	1.8	1.0
Finance lease liabilities	0.0	0.0
Henry Avocado \| Equity Method Investees
Related Party Transaction [Line Items]
Accounts receivable	0.0	0.0
Property, plant and equipment, net	0.0	0.0
Accounts payable & accrued expenses	0.0	0.1
Finance lease liabilities	0.0	0.0
Mr. Avocado \| Equity Method Investees
Related Party Transaction [Line Items]
Accounts receivable	0.0	0.4
Property, plant and equipment, net	0.0	0.0
Accounts payable & accrued expenses	0.0	0.0
Finance lease liabilities	$ 0.0	$ 0.0

Segment and Revenue Information

3 Months Ended

Jan. 31, 2026

Segment Reporting [Abstract]

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 & Distribution		International Farming		Blueberries		Total
Three months ended January 31, 2026:
Third-party sales	$	234.8	$	3.0	$	40.8	$	278.6
Affiliated sales	—		7.6		—		7.6
	234.8		10.6		40.8		286.2
Reconciliation of revenue
Elimination of affiliated sales							(7.6)
Total consolidated sales							278.6
Less:
Segment cost of sales(1)	208.0		7.5		39.2
Segment selling, general and administrative expenses(2)	25.7		2.8		0.5
Segment operating income	1.1		0.3		1.1		2.5
Interest expense							(1.7)
Equity method income							1.5
Other expense, net							(1.3)

Income before income taxes							$	1.0

Three months ended January 31, 2025:
Third-party sales	$	295.8	$	2.0	$	36.4	$	334.2
Affiliated sales	—		7.2		—		7.2
	295.8		9.2		36.4		341.4
Reconciliation of revenue
Elimination of affiliated sales							(7.2)
Total consolidated sales							$	334.2
Less:
Segment cost of sales(1)	276.0		6.4		27.2
Segment selling, general and administrative expenses(2)	18.0		2.9		1.6
Segment operating income (loss)	1.8		(0.1)		7.6		9.3
Interest expense							(2.2)

(In millions)

Marketing & Distribution

International Farming

Blueberries

Total

Equity method income

0.8

Other income, net

1.5

Income before income taxes

9.4

(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 January 31,
(In millions)		2026		2025
Depreciation and amortization expense by segment:
Marketing & Distribution		$	3.2	$	4.7
International Farming		1.6		1.3
Blueberries		4.4		2.7
Total		$	9.2	$	8.7
Purchases of property, plant and equipment by segment:
Marketing & Distribution		$	1.9	$	0.9
International Farming		5.7		7.9
Blueberries		4.3		6.0
Total		$	11.9	$	14.8

Supplemental sales information is as follows.


	Three Months Ended January 31,
(In millions)		2026		2025
By type
Avocado		$	220.9	$	279.2
Blueberry		40.8		36.4
Mango		12.9		14.8
Other		4.0		3.8
Total net sales		$	278.6	$	334.2
By customer location
United States		$	209.9	$	264.8
Rest of world		68.7		69.4
Total net sales		$	278.6	$	334.2

- 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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+ Details

Segment and Revenue Information - Narrative (Details)	3 Months Ended
Segment and Revenue Information - Narrative (Details)	Jan. 31, 2026 segment
Segment Reporting [Abstract]
Number of operating segments	3
Number of reportable segments	3

Inventory (Tables)

3 Months Ended

Jan. 31, 2026

Inventory Disclosure [Abstract]

Schedule of Major Classes of Inventory

Major classes of inventory were as follows:


(In millions)	January 31, 2026		October 31, 2025
Finished goods	$	41.7	$	29.9
Crop growing costs	37.6		29.8
Packaging and supplies	20.0		20.9
Inventory	$	99.3	$	80.6

Debt - Narrative (Details) - USD ($)	3 Months Ended	12 Months Ended
Debt - Narrative (Details) - USD ($)	Jan. 31, 2026	Oct. 31, 2025
Derivative [Line Items]
Short-term bank loans and notes payable	$ 1,000,000.0
Short-term borrowings	$ 1,000,000.0	$ 4,500,000
Percentage bearing variable interest rate (as a percent)	8.70%	8.70%
Revolving Credit Facility
Derivative [Line Items]
Letters of credit outstanding, amount	$ 2,000,000.0
Interest Rate Swap
Derivative [Line Items]
Notional amount	$ 10,000,000	$ 10,000,000
Debt instrument, variable interest rate, type [extensible enumeration]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Interest Rate Swap \| Variable Rate Component One
Derivative [Line Items]
Basis spread on variable rate (as a percent)	4.47%	4.47%
Minimum \| Blueberries
Derivative [Line Items]
Percentage bearing variable interest rate (as a percent)	5.00%
Maximum \| Blueberries
Derivative [Line Items]
Percentage bearing variable interest rate (as a percent)	6.50%

Fair Value Measurements (Details) - USD ($) $ in Millions	Jan. 31, 2026	Oct. 31, 2025
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mutual funds	$ 3.0	$ 2.9
Interest Rate Swap
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Interest rate swap	0.1	0.2
Quoted Prices in Active Markets (Level 1)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mutual funds	3.0	2.9
Quoted Prices in Active Markets (Level 1) \| Interest Rate Swap
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Interest rate swap	0.0	0.0
Significant Other Observable Inputs (Level 2)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mutual funds	0.0	0.0
Significant Other Observable Inputs (Level 2) \| Interest Rate Swap
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Interest rate swap	0.1	0.2
Significant Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mutual funds	0.0	0.0
Significant Unobservable Inputs (Level 3) \| Interest Rate Swap
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Interest rate swap	$ 0.0	$ 0.0

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

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+ Details

Subsequent Event	3 Months Ended
Subsequent Event	Jan. 31, 2026
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On February 20, 2026, the Supreme Court declared that the International Emergency Economic Powers Act (“IEEPA”) does not grant the Executive Branch the power to tax, and thus recent tariffs imposed by the current administration are illegal. The decision did not address refunds, leaving significant uncertainty regarding the availability, timing, and mechanics of obtaining refunds for tariffs previously paid. As a result, we cannot reasonably estimate the potential impact, if any, to our business, therefore no amounts have been recognized in our consolidated financial statements. We continue to monitor and evaluate new developments.

Segment and Revenue Information (Tables)

3 Months Ended

Jan. 31, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment and Adjustments by Segment

The following table provides information for each of our reportable segments and reconciliations to consolidated income before taxes.


(In millions)	Marketing & Distribution		International Farming		Blueberries		Total
Three months ended January 31, 2026:
Third-party sales	$	234.8	$	3.0	$	40.8	$	278.6
Affiliated sales	—		7.6		—		7.6
	234.8		10.6		40.8		286.2
Reconciliation of revenue
Elimination of affiliated sales							(7.6)
Total consolidated sales							278.6
Less:
Segment cost of sales(1)	208.0		7.5		39.2
Segment selling, general and administrative expenses(2)	25.7		2.8		0.5
Segment operating income	1.1		0.3		1.1		2.5
Interest expense							(1.7)
Equity method income							1.5
Other expense, net							(1.3)

Income before income taxes							$	1.0

Three months ended January 31, 2025:
Third-party sales	$	295.8	$	2.0	$	36.4	$	334.2
Affiliated sales	—		7.2		—		7.2
	295.8		9.2		36.4		341.4
Reconciliation of revenue
Elimination of affiliated sales							(7.2)
Total consolidated sales							$	334.2
Less:
Segment cost of sales(1)	276.0		6.4		27.2
Segment selling, general and administrative expenses(2)	18.0		2.9		1.6
Segment operating income (loss)	1.8		(0.1)		7.6		9.3
Interest expense							(2.2)

(In millions)

Marketing & Distribution

International Farming

Blueberries

Total

Equity method income

0.8

Other income, net

1.5

Income before income taxes

9.4

(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.

Supplemental information by segment is as follows.


	Three Months Ended January 31,
(In millions)		2026		2025
Depreciation and amortization expense by segment:
Marketing & Distribution		$	3.2	$	4.7
International Farming		1.6		1.3
Blueberries		4.4		2.7
Total		$	9.2	$	8.7
Purchases of property, plant and equipment by segment:
Marketing & Distribution		$	1.9	$	0.9
International Farming		5.7		7.9
Blueberries		4.3		6.0
Total		$	11.9	$	14.8

Supplemental sales information is as follows.


	Three Months Ended January 31,
(In millions)		2026		2025
By type
Avocado		$	220.9	$	279.2
Blueberry		40.8		36.4
Mango		12.9		14.8
Other		4.0		3.8
Total net sales		$	278.6	$	334.2
By customer location
United States		$	209.9	$	264.8
Rest of world		68.7		69.4
Total net sales		$	278.6	$	334.2

Variable Interest Entity

3 Months Ended

Jan. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Variable Interest Entity

Assets of our variable interest in our blueberry joint-venture may only be used to settle its own liabilities and creditors of the entity only have recourse for the entity’s liabilities. A summary of these balances, which are included in our condensed consolidated balance sheets, is as follows:


(In millions)	January 31, 2026		October 31, 2025
Current assets	$	37.3	$	45.8
Long-term assets	81.7		82.7
Current liabilities	19.0		28.6
Long-term liabilities	22.4		25.5

Segment and Revenue Information - Schedule of Adjustments by Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2026	Jan. 31, 2025
Segment Reporting Information [Line Items]
Depreciation and amortization expense by segment	$ 9.2	$ 8.7
Purchases of property, plant and equipment by segment	11.9	14.8
Marketing & Distribution
Segment Reporting Information [Line Items]
Depreciation and amortization expense by segment	3.2	4.7
Purchases of property, plant and equipment by segment	1.9	0.9
International Farming
Segment Reporting Information [Line Items]
Depreciation and amortization expense by segment	1.6	1.3
Purchases of property, plant and equipment by segment	5.7	7.9
Blueberries
Segment Reporting Information [Line Items]
Depreciation and amortization expense by segment	4.4	2.7
Purchases of property, plant and equipment by segment	$ 4.3	$ 6.0

- Definition

The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.

+ References + Details

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Jan. 31, 2026	Oct. 31, 2025
Current assets:
Cash and cash equivalents	$ 44.8	$ 64.8
Restricted cash	2.6	1.7
Accounts receivable
Trade, net of allowances of $0.6 and $0.7, respectively	91.0	80.5
Grower and fruit advances	2.6	2.7
Other	15.5	14.6
Inventory	99.3	80.6
Prepaid expenses and other current assets	9.6	8.5
Income taxes receivable	8.2	8.8
Total current assets	273.6	262.2
Property, plant and equipment, net	542.1	542.2
Operating lease right-of-use assets	67.3	67.7
Equity method investees	36.6	34.8
Deferred income tax assets, net	10.5	10.2
Goodwill	39.4	39.4
Other assets	28.2	26.5
Total assets	997.7	983.0
Current liabilities:
Accounts payable	43.4	47.3
Accrued expenses	53.3	38.9
Income taxes payable	3.0	6.8
Grower payables	33.3	23.8
Short-term borrowings	1.0	4.5
Loans from noncontrolling interest holders—current portion	0.7	0.2
Long-term debt—current portion	3.0	3.0
Operating leases—current portion	7.7	6.9
Finance leases—current portion	1.6	3.1
Total current liabilities	147.0	134.5
Long-term debt, net of current portion	97.0	92.8
Loans from noncontrolling interest holders, net of current portion	0.0	0.9
Operating leases, net of current portion	67.0	67.5
Finance leases, net of current portion	21.8	22.0
Income taxes payable	0.3	0.0
Deferred income tax liabilities, net	19.1	19.1
Other long-term liabilities	25.4	26.3
Total liabilities	377.6	363.1
Commitments and contingencies (Note 7)
Shareholders’ Equity
Common stock ($0.001 par value, 1,000,000,000 shares authorized; 70,839,275 and 70,569,517 shares issued and outstanding as of January 31, 2026 and October 31, 2025, respectively)	0.1	0.1
Additional paid-in capital	246.5	247.3
Accumulated other comprehensive income	1.7	0.6
Retained earnings	338.6	339.3
Mission Produce shareholders' equity	586.9	587.3
Noncontrolling interest	33.2	32.6
Total equity	620.1	619.9
Total liabilities and equity	$ 997.7	$ 983.0

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2026	Jan. 31, 2025
Income Statement [Abstract]
Net sales	$ 278.6	$ 334.2
Cost of sales	247.0	302.7
Gross profit	31.6	31.5
Selling, general and administrative expenses	29.1	22.2
Operating income	2.5	9.3
Interest expense	(1.7)	(2.2)
Equity method income	1.5	0.8
Other (expense) income, net	(1.3)	1.5
Income before income taxes	1.0	9.4
Provision for income taxes	1.1	3.2
Net (loss) income	(0.1)	6.2
Less: Net income attributable to noncontrolling interest	0.6	2.3
Net (loss) income attributable to Mission Produce	$ (0.7)	$ 3.9
Net (loss) income per share attributable to Mission Produce:
Basic (in dollars per share)	$ (0.01)	$ 0.06
Diluted (in dollars per share)	$ (0.01)	$ 0.05

Income Taxes	3 Months Ended
Income Taxes	Jan. 31, 2026
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income tax recorded for the three months ended January 31, 2026 and 2025 differs from the income taxes expected at the U.S. federal statutory tax rate of 21.0%, primarily due to income attributable to foreign jurisdictions which is taxed at different rates, changes in foreign exchange rates taxable in foreign jurisdictions, state taxes, nondeductible tax items and changes in uncertain tax positions (“UTP”). As of January 31, 2026, the Company had $18.5 million accrued in UTP on income taxes, of which $10.4 million relates to interest and penalties, inclusive of inflationary adjustments. The period for assessing interest and penalties has expired. However, the Company continues to record certain statutory adjustments related to inflation. Changes in the UTP related to changes in foreign exchange rates during the period are included in other (expense) income, net in the condensed consolidated statements of (loss) income.

- Definition

The entire disclosure for income tax.

+ References

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+ Details

Debt

3 Months Ended

Jan. 31, 2026

Debt Disclosure [Abstract]

Debt

Credit facility

Long-term debt under our syndicated credit facility with Bank of America (“BoA”) Merrill Lynch consisted of the following:


(In millions)	January 31, 2026		October 31, 2025
Revolving line of credit. The interest rate is variable, based on SOFR plus a spread that varies with the Company’s leverage ratio. As of January 31, 2026 and October 31, 2025, the interest rate was 5.28% and 5.63%, respectively. Interest is payable monthly and principal is due in full in October 2027.	$	10.0	$	5.0
Senior term loan (A-1). The interest rate is variable, based on SOFR plus a spread that varies with the Company’s leverage ratio. As of January 31, 2026 and October 31, 2025, the interest rate was 5.27% and 5.56%, respectively. Interest is payable monthly, principal is payable quarterly and due in full in October 2027.	41.8		42.5
Senior term loan (A-2). The interest rate is variable, based on SOFR plus a spread that varies with the Company’s leverage ratio. As of January 31, 2026 and October 31, 2025, the interest rate was 5.52% and 5.81% respectively. Interest is payable monthly, principal is payable quarterly and due in full in October 2029.	48.4		48.5
Total long-term debt	100.2		96.0
Less debt issuance costs	(0.2)		(0.2)
Long-term debt, net of debt issuance costs	100.0		95.8
Less current portion of long-term debt	(3.0)		(3.0)
Long-term debt, net of current portion	$	97.0	$	92.8

The credit facility requires the Company to comply with financial and other covenants, including limitations on investments, capital expenditures, dividend payments, amounts and types of liens and indebtedness, and material asset sales. The Company is also required to maintain certain leverage and fixed charge coverage ratios. As of January 31, 2026, the Company was in compliance with all financial covenants of the credit facility.

Other

The Company may issue standby letters of credit through banking institutions. As of January 31, 2026, total letters of credit outstanding were $2.0 million.

Certain of our consolidated subsidiaries may also enter into short-term bank borrowings or supplier financing programs from time to time. Short-term bank borrowings outstanding were $1.0 million as of January 31, 2026 and $4.5 million as of October 31, 2025, with weighted average interest rates of 8.7% as of both dates. Our Blueberries business also obtains loans from shareholders from time to time. Loans outstanding due to shareholders as of January 31, 2026 accrue interest at rates ranging from 5.0 to 6.5% and are expected to be repaid by the end of fiscal 2026.

Interest rate swaps

From time to time, the Company may enter into interest rate swap contracts to hedge changes in variable interest rates on the principal value of the Company’s term loans. We account for interest rate swaps in accordance with ASC 815, Derivatives and Hedging, as amended, which requires the recognition of all derivative instruments as either assets or liabilities in the condensed consolidated balance sheets and measurement of those instruments at fair value. The Company did not designate the interest rate swaps as cash flow hedges, and as a result under the accounting guidance, changes in the fair value of the interest rate swaps were recorded in other (expense) income, net in the condensed consolidated statements of (loss) income and changes in the assets are presented in net cash used in operating activities in the condensed consolidated statements of cash flow. As of January 31, 2026 and October 31, 2025, a notional amount of $10 million was outstanding, carrying a fixed SOFR rate of 4.47%. Refer to Note 9 for more details.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

General (Policies)	3 Months Ended
General (Policies)	Jan. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation and consolidation	Basis of presentation and consolidation The unaudited interim condensed consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and include the Company’s consolidated domestic and international subsidiaries and variable interest entity (“VIE”) for which we are the primary beneficiary and have a controlling interest. Certain information and disclosures normally included in annual consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Accordingly, these unaudited interim condensed consolidated financial statements and accompanying footnotes should be read in conjunction with the Company’s Annual Report for the year ended October 31, 2025. In the opinion of management, all adjustments, of a normal recurring nature, considered necessary for a fair statement have been included in the unaudited condensed consolidated financial statements. Interim results of operations are not necessarily indicative of future results, including results that may be expected for the twelve months ended October 31, 2026.
Recently issued accounting standards	Recently issued accounting standards In December 2025, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2025-11, Interim Reporting (Topic 270) Narrow-Scope Improvements. The amendments in this Update clarify interim disclosure requirements and the applicability of Topic 270. The objective of the update is to provide clarity about current interim requirements. The amendments in this Update also include a disclosure principle that requires entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. The amendments in this ASU are required to be adopted for interim periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact of adoption on our financial disclosures. In November 2024, and as updated in January 2025, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures. The ASU requires that an entity disclose additional information about specific expense categories in the notes to financial statements at interim and annual reporting periods. This information is generally not presented in the financial statements today. The amendments in this ASU are required to be adopted for fiscal years beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The amendments should be applied either (1) prospectively to financial statements issued for reporting periods after the effective date of this update or (2) retrospectively to any or all prior periods presented in the financial statements. We are currently evaluating the impact of adoption on our financial disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740)—Improvements to Income Tax Disclosures. The ASU requires that an entity disclose specific categories in the effective tax rate reconciliation as well as provide additional information for reconciling items that meet a quantitative threshold. Further, the ASU requires certain disclosures of state versus federal income tax expense and taxes paid. The amendments in this ASU are required to be adopted for fiscal years beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued. The amendments should be applied on a prospective basis although retrospective application is permitted. We are currently evaluating the impact of adoption on our financial disclosures.

Details of Certain Account Balances - Schedule of Other (Expense) Income, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2026	Jan. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Gains on derivative financial instruments	$ 0.0	$ 0.1
Foreign currency transaction (loss) gain	(1.6)	1.1
Interest income	0.3	0.3
Other (expense) income, net	$ (1.3)	$ 1.5

Goodwill - Schedule of Goodwill (Details) $ in Millions	Jan. 31, 2026 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 39.4
Goodwill, ending balance	39.4
International Farming
Goodwill [Roll Forward]
Goodwill, beginning balance	26.9
Goodwill, ending balance	26.9
Blueberries
Goodwill [Roll Forward]
Goodwill, beginning balance	12.5
Goodwill, ending balance	$ 12.5

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Details of Certain Account Balances

3 Months Ended

Jan. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Details of Certain Account Balances

Accrued expenses


(In millions)	January 31, 2026		October 31, 2025
Employee-related	$	26.1	$	23.6
Freight	8.7		5.9
Outside fruit purchase	3.2		0.4
VAT and local taxes payable	0.6		1.8
Transaction advisory costs	7.0		0.8
Other	7.7		6.4
Accrued expenses	$	53.3	$	38.9

Other long-term liabilities


(In millions)	January 31, 2026		October 31, 2025
Uncertain tax positions(1)	$	21.3	$	20.0
Employee-related	3.0		2.9
Trade payables to noncontrolling interest holders	—		1.7

Other	1.1		1.7
Other long-term liabilities	$	25.4	$	26.3

(1)Includes uncertain tax positions related to both income taxes and other statutory tax reserves, plus related penalties and interest.

Other (expense) income, net


	Three Months Ended January 31,
(In millions)		2026		2025
Gains on derivative financial instruments		$	—	$	0.1
Foreign currency transaction (loss) gain		(1.6)		1.1
Interest income		0.3		0.3

Other (expense) income, net		$	(1.3)	$	1.5

Other amounts attributable to noncontrolling interest holders

Amounts included in trade accounts receivable due from noncontrolling interest holders were $10.8 million and $5.1 million as of January 31, 2026 and October 31, 2025, respectively. Amounts included in trade accounts payable due to noncontrolling interest holders were $6.0 million and $5.3 million as of January 31, 2026 and October 31, 2025, respectively.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2026	Jan. 31, 2025
Operating Activities
Net (loss) income	$ (0.1)	$ 6.2
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization	9.2	8.7
Amortization of debt issuance costs	0.1	0.1
Equity method income	(1.5)	(0.8)
Noncash lease expense	1.5	1.8
Stock-based compensation	1.4	2.0
Losses on asset impairment, disposals and sales	0.0	0.1
Deferred income taxes	(0.2)	0.0
Unrealized losses (gains) on foreign currency transactions	0.8	(0.5)
Unrealized loss on derivative financial instruments	0.0	(0.1)
Other	0.0	(0.1)
Effect on cash of changes in operating assets and liabilities:
Trade accounts receivable	(10.4)	(5.0)
Grower fruit advances	0.1	(2.0)
Other receivables	(0.9)	(1.6)
Inventory	(18.8)	(31.5)
Prepaid expenses and other current assets	(1.2)	(0.3)
Income taxes receivable	0.6	4.4
Other assets	(1.2)	(4.0)
Accounts payable and accrued expenses	14.8	18.5
Income taxes payable	(3.6)	(4.8)
Grower payables	9.5	10.4
Operating lease liabilities	(1.0)	(0.9)
Other long-term liabilities	(2.1)	(1.8)
Net cash used in operating activities	(3.0)	(1.2)
Investing Activities
Purchases of property, plant and equipment	(11.9)	(14.8)
Proceeds from sale of property, plant and equipment	0.1	0.0
Other	0.0	(0.1)
Net cash used in investing activities	(11.8)	(14.9)
Financing Activities
Borrowings on revolving credit facility	10.0	15.0
Payments on revolving credit facility	(5.0)	(10.0)
Repayment of short-term borrowings	(3.5)	(3.5)
Principal payments on long-term debt obligations	(0.8)	(0.8)
Principal payments on finance lease obligations	(0.2)	(0.1)
Payments for long-term supplier financing	(2.6)	(0.3)
Principal payments on loans due to noncontrolling interest holder	(0.1)	0.0
Payments of minimum withholding taxes on net share settlement of equity awards	(2.2)	(1.3)
Exercise of stock options	0.0	0.3
Purchase and retirement of common stock	0.0	(0.3)
Net cash used in financing activities	(4.4)	(1.0)
Effect of exchange rate changes on cash	0.1	0.0
Net (decrease) increase in cash, cash equivalents and restricted cash	(19.1)	(17.1)
Cash, cash equivalents and restricted cash, beginning of period	66.5	59.3
Cash, cash equivalents and restricted cash, end of period	47.4	42.2
Summary of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets:
Cash and cash equivalents	44.8	40.1
Restricted cash	2.6	2.1
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows	$ 47.4	$ 42.2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($) $ in Millions	Total	Common stock	Additional paid-in capital	Accumulated other comprehensive (loss) income	Retained earnings	Noncontrolling interest
Beginning balance (in shares) at Oct. 31, 2024		70,914,767
Beginning balance at Oct. 31, 2024	$ 577.1	$ 0.1	$ 239.7	$ (0.2)	$ 307.7	$ 29.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	2.0		2.0
Issuance of common stock for equity awards, net of shares withheld for the settlement of taxes (in shares)		153,856
Issuance of common stock for equity awards, net of shares withheld for the settlement of taxes	(1.3)		(1.3)
Exercise of stock options (in shares)		21,929
Exercise of stock options	0.3		0.3
Purchase and retirement of common stock (in shares)		(25,000)
Purchase and retirement of common stock	(0.3)				(0.3)
Net income (loss)	6.2				3.9	2.3
Other comprehensive loss	(1.1)			(1.1)
Ending balance (in shares) at Jan. 31, 2025		71,065,552
Ending balance at Jan. 31, 2025	582.9	$ 0.1	240.7	(1.3)	311.3	32.1
Beginning balance (in shares) at Oct. 31, 2025		70,569,517
Beginning balance at Oct. 31, 2025	619.9	$ 0.1	247.3	0.6	339.3	32.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	1.4		1.4
Issuance of common stock for equity awards, net of shares withheld for the settlement of taxes (in shares)		269,758
Issuance of common stock for equity awards, net of shares withheld for the settlement of taxes	(2.2)		(2.2)
Net income (loss)	(0.1)				(0.7)	0.6
Other comprehensive loss	1.1			1.1
Ending balance (in shares) at Jan. 31, 2026		70,839,275
Ending balance at Jan. 31, 2026	$ 620.1	$ 0.1	$ 246.5	$ 1.7	$ 338.6	$ 33.2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Jan. 31, 2026	Oct. 31, 2025
Statement of Financial Position [Abstract]
Trade, net of allowances	$ 0.6	$ 0.7
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, issued (in shares)	70,839,275	70,569,517
Common stock, outstanding (in shares)	70,839,275	70,569,517

Fair Value Measurements (Tables)

3 Months Ended

Jan. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured and Recorded at Fair Value on a Recurring Basis

Financial assets or liabilities measured and recorded at fair value on a recurring basis included in the condensed consolidated balance sheets were as follows:


	January 31, 2026								October 31, 2025
(In millions)	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Mutual funds	$	3.0	$	3.0	$	—	$	—	$	2.9	$	2.9	$	—	$	—

Liabilities
Interest rate swap	0.1		—		0.1		—		0.2		—		0.2		—

Variable Interest Entity (Tables)

3 Months Ended

Jan. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Variable Interest Entities

A summary of these balances, which are included in our condensed consolidated balance sheets, is as follows:


(In millions)	January 31, 2026		October 31, 2025
Current assets	$	37.3	$	45.8
Long-term assets	81.7		82.7
Current liabilities	19.0		28.6
Long-term liabilities	22.4		25.5

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Related Party Transactions

3 Months Ended

Jan. 31, 2026

Related Party Transactions

Transactions with related parties included in the condensed consolidated financial statements were as follows:


	Condensed Consolidated Balance Sheets
	January 31, 2026								October 31, 2025
(In millions)	Accounts receivable		Property, plant and equipment, net		Accounts payable & accrued expenses		Finance lease liabilities		Accounts receivable		Property, plant and equipment, net		Accounts payable & accrued expenses		Finance lease liabilities
Equity method investees:
Henry Avocado	$	—	$	—	$	—	$	—	$	—	$	—	$	0.1	$	—
Mr. Avocado	—		—		—		—		0.4		—		—		—
Other:
Directors/Officers(1)	0.4		19.0		—		20.3		0.1		19.2		—		21.8
Employees(2)	—		—		1.8		—		—		—		1.0		—


	Condensed Consolidated Statements of (Loss) Income
(In millions)	Net sales		Cost of sales		Interest expense		Net sales		Cost of sales		Interest expense
	Three Months Ended January 31, 2026						Three Months Ended January 31, 2025
Equity method investees:
Henry Avocado	$	—	$	0.2	$	—	$	—	$	—	$	—

Other:
Directors/Officers(1)	0.5		0.2		0.5		0.6		0.3		0.5
Employees(2)	—		2.7		—		—		1.2		—

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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+ Details

Debt (Tables)

3 Months Ended

Jan. 31, 2026

Debt Disclosure [Abstract]

Schedule of Long-term Debt Under Credit Facility

Long-term debt under our syndicated credit facility with Bank of America (“BoA”) Merrill Lynch consisted of the following:


(In millions)	January 31, 2026		October 31, 2025
Revolving line of credit. The interest rate is variable, based on SOFR plus a spread that varies with the Company’s leverage ratio. As of January 31, 2026 and October 31, 2025, the interest rate was 5.28% and 5.63%, respectively. Interest is payable monthly and principal is due in full in October 2027.	$	10.0	$	5.0
Senior term loan (A-1). The interest rate is variable, based on SOFR plus a spread that varies with the Company’s leverage ratio. As of January 31, 2026 and October 31, 2025, the interest rate was 5.27% and 5.56%, respectively. Interest is payable monthly, principal is payable quarterly and due in full in October 2027.	41.8		42.5
Senior term loan (A-2). The interest rate is variable, based on SOFR plus a spread that varies with the Company’s leverage ratio. As of January 31, 2026 and October 31, 2025, the interest rate was 5.52% and 5.81% respectively. Interest is payable monthly, principal is payable quarterly and due in full in October 2029.	48.4		48.5
Total long-term debt	100.2		96.0
Less debt issuance costs	(0.2)		(0.2)
Long-term debt, net of debt issuance costs	100.0		95.8
Less current portion of long-term debt	(3.0)		(3.0)
Long-term debt, net of current portion	$	97.0	$	92.8

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

+ Details

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2026	Jan. 31, 2025
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (0.1)	$ 6.2
Other comprehensive income, net of tax
Foreign currency translation adjustments	1.1	(1.1)
Total comprehensive income, net of tax	1.0	5.1
Less: Comprehensive income attributable to noncontrolling interest	0.6	2.3
Comprehensive income	$ 0.4	$ 2.8

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount of Net Income (Loss) attributable to noncontrolling interest.

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- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Inventory (Details) - USD ($) $ in Millions	Jan. 31, 2026	Oct. 31, 2025
Inventory Disclosure [Abstract]
Finished goods	$ 41.7	$ 29.9
Crop growing costs	37.6	29.8
Packaging and supplies	20.0	20.9
Inventory	$ 99.3	$ 80.6

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jan. 31, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false