Business Segment Data

3 Months Ended

Mar. 30, 2018

We are principally engaged in one major line of business, the production, distribution and marketing of bananas, other fresh produce and prepared food. Our products are sold in markets throughout the world with our major producing operations located in North, Central and South America, Europe, Asia and Africa.

Our operations are aggregated into business segments on the basis of our products: bananas, other fresh produce and prepared food. Other fresh produce includes pineapples, melons, non-tropical fruit (including grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries and kiwis), avocados, fresh-cut products, other fruit and vegetables, a third-party ocean freight business, a plastic product and box manufacturing business. Prepared food includes prepared fruit and vegetables, juices, beverages, snacks, poultry and meat products.

We evaluate performance based on several factors, of which net sales and gross profit by product are the primary financial measures (U.S. dollars in millions):



	Quarter ended
	March 30, 2018				March 31, 2017
	Net Sales		Gross Profit		Net Sales		Gross Profit
Banana	$	453.2	$	52.1	$	445.1	$	35.0
Other fresh produce	573.9		46.7		506.2		48.4
Prepared food	79.0		7.7		81.1		15.7
Totals	$	1,106.1	$	106.5	$	1,032.4	$	99.1



	Quarter ended
Net Sales by geographic region:	March 30, 2018		March 31, 2017
North America	$	663.4	$	601.4
Europe	194.1		174.5
Middle East	115.9		122.9
Asia	112.7		113.2
Other	20.0		20.4
Total	$	1,106.1	$	1,032.4

Net sales of other fresh produce increased $67.7 million and net sales of North America increased $62.0 million for the quarter ended March 30, 2018 compared to the quarter ended March 31, 2017, principally as a result of the acquisition of Mann Packing which contributed $46.3 million of the increase during the first quarter of 2018. The assets acquired as a result of the Mann Packing acquisition are allocated to the North America geographic region. Refer to Note 5, “Acquisition”, for further discussion on the Mann Packing acquisition.