Business Segment Data

6 Months Ended

Jun. 30, 2023

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 third-party freight and logistic services business and our Jordanian poultry and meats business.

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

	Quarter ended
	June 30, 2023				July 1, 2022
Segments:	Net Sales		Gross Profit		Net Sales		Gross Profit
Fresh and value-added products	$	677.6	$	62.1	$	732.4	$	49.4
Banana	448.8		50.5		421.6		22.2
Other products and services	54.1		4.2		57.9		9.1
Totals	$	1,180.5	$	116.8	$	1,211.9	$	80.7
	Six months ended
	June 30, 2023				July 1, 2022
Segments:	Net Sales		Gross Profit		Net Sales		Gross Profit
Fresh and value-added products	$	1,321.0	$	109.1	$	1,405.1	$	93.8
Banana	873.9		93.7		827.6		60.0
Other products and services	114.1		11.0		116.2		16.7
Totals	$	2,309.0	$	213.8	$	2,348.9	$	170.5

12.  Business Segment Data (continued)

The following table indicates our net sales by geographic region (U.S. dollars in millions):

	Quarter ended				Six months ended
Net sales by geographic region:	June 30, 2023		July 1, 2022		June 30, 2023		July 1, 2022
North America	$	704.2	$	744.4	$	1,371.4	$	1,434.4
Europe	224.5		201.4		441.0		400.9
Asia	132.2		133.4		244.3		247.6
Middle East	100.6		111.6		202.4		214.7
Other	19.0		21.1		49.9		51.3
Totals	$	1,180.5	$	1,211.9	$	2,309.0	$	2,348.9

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

	Quarter ended								Six months ended
	June 30, 2023				July 1, 2022				June 30, 2023				July 1, 2022
Fresh and value-added products:
Fresh-cut fruit	$	153.0	13	%	$	145.5	12	%	$	277.7	12	%	$	267.4	12	%
Fresh-cut vegetables	82.5		7	%	89.5		7	%	164.4		7	%	173.1		7	%
Pineapples	172.5		15	%	166.2		14	%	322.4		14	%	297.8		13	%
Avocados	74.7		6	%	107.7		9	%	139.4		6	%	197.6		8	%
Non-tropical fruit	41.4		3	%	64.0		5	%	102.7		4	%	127.4		5	%
Prepared foods	69.5		6	%	74.6		6	%	136.1		6	%	148.6		6	%
Melons	28.0		2	%	25.8		2	%	73.5		3	%	69.5		3	%
Tomatoes	5.3		—	%	6.5		1	%	10.7		—	%	13.0		1	%
Vegetables	32.0		3	%	29.5		2	%	58.5		3	%	65.5		3	%
Other fruit and vegetables	18.7		2	%	23.1		2	%	35.6		2	%	45.2		2	%
Total fresh and value-added products	677.6		57	%	732.4		60	%	1,321.0		57	%	1,405.1		60	%
Banana	448.8		38	%	421.6		35	%	873.9		38	%	827.6		35	%
Other products and services	54.1		5	%	57.9		5	%	114.1		5	%	116.2		5	%
Totals	$	1,180.5	100	%	$	1,211.9	100	%	$	2,309.0	100	%	$	2,348.9	100	%