Business Segment Data

9 Months Ended

Sep. 29, 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.

12.  Business Segment Data (continued)

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
	September 29, 2023				September 30, 2022
Segments:	Net Sales		Gross Profit		Net Sales		Gross Profit
Fresh and value-added products	$	574.0	$	36.2	$	599.8	$	55.1
Banana	384.7		31.9		388.4		22.6
Other products and services	44.4		6.3		65.3		10.3
Totals	$	1,003.1	$	74.4	$	1,053.5	$	88.0
	Nine months ended
	September 29, 2023				September 30, 2022
Segments:	Net Sales		Gross Profit		Net Sales		Gross Profit
Fresh and value-added products	$	1,895.0	$	145.3	$	2,004.9	$	148.9
Banana	1,258.6		125.7		1,216.1		82.6
Other products and services	158.5		17.2		181.4		27.0
Totals	$	3,312.1	$	288.2	$	3,402.4	$	258.5

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

	Quarter ended				Nine months ended
Net sales by geographic region:	September 29, 2023		September 30, 2022		September 29, 2023		September 30, 2022
North America	$	615.7	$	658.7	$	1,987.1	$	2,093.1
Europe	181.8		169.9		622.9		570.8
Asia	101.2		105.8		345.5		353.4
Middle East	87.4		102.9		289.7		317.6
Other	17.0		16.2		66.9		67.5
Totals	$	1,003.1	$	1,053.5	$	3,312.1	$	3,402.4

12.  Business Segment Data (continued)

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								Nine months ended
	September 29, 2023				September 30, 2022				September 29, 2023				September 30, 2022
Fresh and value-added products:
Fresh-cut fruit	$	141.4	14	%	$	140.5	14	%	$	419.0	13	%	$	407.9	11	%
Fresh-cut vegetables	83.7		8	%	86.4		8	%	248.1		7	%	259.5		8	%
Pineapples	137.5		14	%	147.2		14	%	459.9		14	%	445.0		13	%
Avocados	73.4		7	%	63.8		6	%	212.8		6	%	261.4		8	%
Non-tropical fruit	23.4		2	%	28.4		3	%	126.1		4	%	155.9		5	%
Prepared foods	61.6		6	%	69.2		7	%	197.7		6	%	217.8		6	%
Melons	4.2		—	%	5.0		—	%	77.8		2	%	74.5		2	%
Tomatoes	4.3		1	%	4.4		—	%	15.0		—	%	17.4		1	%
Vegetables	29.4		3	%	32.2		3	%	87.9		3	%	97.7		3	%
Other fruit and vegetables	15.1		2	%	22.7		2	%	50.7		2	%	67.8		2	%
Total fresh and value-added products	574.0		57	%	599.8		57	%	1,895.0		57	%	2,004.9		59	%
Banana	384.7		38	%	388.4		37	%	1,258.6		38	%	1,216.1		36	%
Other products and services	44.4		5	%	65.3		6	%	158.5		5	%	181.4		5	%
Totals	$	1,003.1	100	%	$	1,053.5	100	%	$	3,312.1	100	%	$	3,402.4	100	%