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Business Segment Data
6 Months Ended
Jul. 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.
12.  Business Segment Data (continued)

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
 July 1, 2022July 2, 2021
Segments:Net SalesGross ProfitNet SalesGross Profit
Fresh and value-added products$732.4 $49.4 $674.0 $58.3 
Banana421.6 22.2 426.7 48.1 
Other products and services57.9 9.1 40.9 3.6 
Totals$1,211.9 $80.7 $1,141.6 $110.0 
 Six months ended
 July 1, 2022July 2, 2021
Segments:Net SalesGross ProfitNet SalesGross Profit
Fresh and value-added products$1,405.1 $93.8 $1,305.0 $110.6 
Banana827.6 60.0 844.9 98.0 
Other products and services116.2 16.7 80.0 6.5 
Totals$2,348.9 $170.5 $2,229.9 $215.1 

Our segment data disclosures for the quarter and six months ended July 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. For the quarter ended July 2, 2021, this reclassification resulted in an increase to our fresh and value-added products segment gross profit of $1.0 million, an increase to our banana segment gross profit of $1.4 million and a decrease to our other products and services segment gross profit of $2.4 million. For the six months ended July 2, 2021, this reclassification resulted in an increase to our fresh and value-added products segment gross profit of $1.7 million, an increase to our banana segment gross profit of $2.1 million and a decrease to our other products and services segment gross profit of $3.8 million.

Quarter endedSix months ended
Net sales by geographic region:July 1,
2022
July 2,
2021
July 1,
2022
July 2,
2021
North America$744.4 $680.7 $1,434.4 $1,329.2 
Europe201.4 190.5 400.9 380.5 
Asia133.4 145.5 247.6 268.3 
Middle East111.6 110.1 214.7 214.8 
Other21.1 14.8 51.3 37.1 
Totals$1,211.9 $1,141.6 $2,348.9 $2,229.9 
12.  Business Segment Data (continued)

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

 Quarter endedSix months ended
July 1,
2022
July 2,
2021
July 1,
2022
July 2,
2021
Fresh and value-added products:
Fresh-cut fruit$145.5 12 %$135.1 12 %$267.4 12 %$248.3 11 %
Fresh-cut vegetables89.5 %93.2 %173.1 %182.1 %
Pineapples166.2 14 %147.9 13 %297.8 13 %271.9 12 %
Avocados107.7 %86.2 %197.6 %169.7 %
Non-tropical fruit64.0 %58.3 %127.4 %118.4 %
Prepared foods74.6 %72.7 %148.6 %147.3 %
Melons25.8 %17.9 %69.5 %44.9 %
Tomatoes6.5 %9.3 %13.0 %18.0 %
Vegetables29.5 %32.4 %65.5 %63.6 %
Other fruit and vegetables23.1 %21.0 %45.2 %40.8 %
Total fresh and value-added products732.4 60 %674.0 59 %1,405.1 60 %1,305.0 59 %
Banana421.6 35 %426.7 37 %827.6 35 %844.9 38 %
Other products and services57.9 %40.9 %116.2 %80.0 %
Totals$1,211.9 100 %$1,141.6 100 %$2,348.9 100 %$2,229.9 100 %