Business Segment Data

3 Months Ended

Apr. 01, 2022

Segment Reporting [Abstract]

Business Segment Data

Business Segment Data

Our business is comprised of three reportable segments, two of which represent our primary businesses of fresh and value-added products and banana, and one that represents our other ancillary businesses.

•Fresh and value-added products - includes pineapples, fresh-cut fruit, fresh-cut vegetables (which includes fresh-cut salads), melons, vegetables, non-tropical fruit (including grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries and kiwis), other fruit and vegetables, avocados, and prepared foods (including prepared fruit and vegetables, juices, other beverages, and meals and snacks).

•Banana

•Other products and services - includes our ancillary businesses consisting of sales of poultry and meat products, a plastic product business, and third-party freight services.

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
	April 1, 2022				April 2, 2021
Segments:	Net Sales		Gross Profit		Net Sales		Gross Profit
Fresh and value-added products	$	672.7	$	44.4	$	631.0	$	52.2
Banana	406.0		37.7		418.2		50.0
Other products and services	58.2		7.7		39.1		2.8
Totals	$	1,136.9	$	89.8	$	1,088.3	$	105.0

12.  Business Segment Data (continued)

Our segment data disclosures for the quarter ended April 2, 2021 have been adjusted to reflect a reclassification of cost of products sold between our three segments as a result of a refinement in our cost allocation methodology. The reclassification results in an increase to our fresh and value-added products segment gross profit of $0.6 million, an increase to our banana segment gross profit of $0.8 million and a decrease to our other products and services segment gross profit of $1.4 million.

	Quarter ended
Net sales by geographic region:	April 1, 2022		April 2, 2021
North America	$	690.0	$	648.4
Europe	199.4		190.0
Asia	114.3		122.9
Middle East	103.1		104.8
Other	30.1		22.2
Totals	$	1,136.9	$	1,088.3

The following table indicates our net sales by product and the percentage of the total (U.S. dollars in millions):

	Quarter ended
	April 1, 2022				April 2, 2021
Fresh and value-added products:
Fresh-cut fruit	$	122.0	11	%	$	113.1	10	%
Fresh-cut vegetables	83.7		7	%	88.9		8	%
Pineapples	131.5		11	%	124.0		11	%
Avocados	89.8		8	%	83.6		8	%
Non-tropical fruit	63.4		6	%	60.1		6	%
Prepared foods	74.0		6	%	74.5		7	%
Melons	43.7		4	%	27.0		2	%
Tomatoes	6.5		1	%	8.7		1	%
Vegetables	36.0		3	%	31.3		3	%
Other fruit and vegetables	22.1		2	%	19.8		2	%
Total fresh and value-added products	672.7		59	%	631.0		58	%
Banana	406.0		36	%	418.2		38	%
Other products and services	58.2		5	%	39.1		4	%
Totals	$	1,136.9	100	%	$	1,088.3	100	%