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Business Segment Data
9 Months Ended
Sep. 28, 2018
Segment Reporting [Abstract]  
Business Segment Data
Business Segment Data
 
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 three 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, tomatoes, fresh-cut products, other fruit and vegetables, a third-party ocean freight business, a plastic product and a 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
 
September 28, 2018
 
September 29, 2017
Segments:
Net Sales
 
Gross Profit
 
Net Sales
 
Gross Profit
Other fresh produce
$
584.9

 
$
37.7

 
$
468.0

 
$
44.4

Banana
397.4

 
10.3

 
409.2

 
5.7

Prepared foods
87.2

 
4.6

 
75.5

 
8.2

Totals
$
1,069.5

 
$
52.6

 
$
952.7

 
$
58.3

 
 
 
 
 
 
 
 
 
Nine months ended
 
September 28, 2018
 
September 29, 2017
Segments:
Net Sales
 
Gross Profit
 
Net Sales
 
Gross Profit
Other fresh produce
$
1,879.8

 
$
131.3

 
$
1,542.3

 
$
147.8

Banana
1,308.3

 
86.2

 
1,353.8

 
98.8

Prepared foods
259.9

 
19.9

 
236.1

 
34.0

Totals
$
3,448.0

 
$
237.4

 
$
3,132.2

 
$
280.6



 
Quarter ended
 
Nine months ended
Net Sales by geographic region:
September 28,
2018
 
September 29,
2017
 
September 28,
2018
 
September 29,
2017
North America
$
709.3

 
$
576.9

 
$
2,187.5

 
$
1,833.8

Europe
137.5

 
134.7

 
507.4

 
501.9

Middle East
104.2

 
121.3

 
346.1

 
392.0

Asia
110.1

 
108.3

 
358.6

 
360.0

Other
8.4

 
11.5

 
48.4

 
44.5

Totals
$
1,069.5

 
$
952.7

 
$
3,448.0

 
$
3,132.2



16.  Business Segment Data (continued)

Our North America region included the following Mann Packing results:
 
Quarter ended
 
Period from February 27, 2018 to September 28, 2018
 
September 28, 2018
Segments:
Net Sales
 
Gross Profit
 
Net Sales
 
Gross Profit
Other fresh produce
$
128.7

 
$
3.4

 
$
307.4

 
$
17.6

Prepared foods
13.8

 
2.3

 
32.5

 
6.0

Totals
$
142.5

 
$
5.7

 
$
339.9

 
$
23.6


Refer to Note 5, “Acquisitions”, for further discussion on the Mann Packing acquisition.

The following table indicates our net sales by product:

 
Quarter ended
 
Nine months ended
 
September 28,
2018
 
September 29,
2017
 
September 28,
2018
 
September 29,
2017
Segments:
Net Sales
 
Net Sales
Other fresh produce:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Gold pineapples
112.3

 
11
%
 
119.5

 
13
%
 
371.8

 
11
%
 
365.2

 
12
%
  Fresh-cut produce
254.5

 
24
%
 
158.8

 
16
%

706.9


20
%
 
468.9

 
15
%
  Non-tropical fruit
40.6

 
4
%
 
38.3

 
4
%
 
193.2

 
6
%
 
194.7

 
6
%
  Avocados
84.7

 
8
%
 
90.4

 
9
%
 
263.9

 
8
%
 
246.5

 
8
%
  Melons
5.2

 
%
 
6.4

 
1
%
 
90.8

 
3
%
 
88.1

 
3
%
  Tomatoes
14.9

 
1
%
 
16.3

 
2
%
 
50.0

 
1
%
 
59.8

 
2
%
  Vegetables
36.4

 
4
%
 
6.5

 
1
%
 
94.0

 
3
%
 
20.0

 
1
%
  Other fruit, products and services
36.3

 
3
%
 
31.8

 
3
%
 
109.2

 
3
%
 
99.1

 
3
%
Total other fresh produce
$
584.9

 
55
%
 
$
468.0

 
49
%
 
$
1,879.8

 
55
%
 
$
1,542.3

 
50
%
Banana
$
397.4

 
37
%
 
$
409.2

 
43
%
 
$
1,308.3

 
38
%
 
$
1,353.8

 
43
%
Prepared foods
$
87.2

 
8
%
 
$
75.5

 
8
%
 
$
259.9

 
7
%
 
$
236.1

 
7
%
Totals
$
1,069.5

 
100
%

$
952.7

 
100
%

$
3,448.0


100
%
 
$
3,132.2

 
100
%