Business Segment Data

6 Months Ended

Jun. 28, 2024

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 28, 2024				June 30, 2023
Segments:	Net Sales		Gross Profit		Net Sales		Gross Profit
Fresh and value-added products	$	694.1	$	77.9	$	677.6	$	62.1
Banana	394.3		29.8		448.8		50.5
Other products and services	51.3		5.5		54.1		4.2
Totals	$	1,139.7	$	113.2	$	1,180.5	$	116.8
	Six months ended
	June 28, 2024				June 30, 2023
Segments:	Net Sales		Gross Profit		Net Sales		Gross Profit
Fresh and value-added products	$	1,370.8	$	133.9	$	1,321.0	$	109.1
Banana	773.8		51.5		873.9		93.7
Other products and services	102.9		10.0		114.1		11.0
Totals	$	2,247.5	$	195.4	$	2,309.0	$	213.8

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 28, 2024		June 30, 2023		June 28, 2024		June 30, 2023
North America	$	680.9	$	704.2	$	1,335.7	$	1,371.4
Europe	225.9		224.5		435.2		441.0
Asia	113.3		132.2		219.9		244.3
Middle East	93.6		100.6		192.9		202.4
Other	26.0		19.0		63.8		49.9
Totals	$	1,139.7	$	1,180.5	$	2,247.5	$	2,309.0

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 28, 2024				June 30, 2023				June 28, 2024				June 30, 2023
Fresh and value-added products:
Fresh-cut fruit	$	144.6	13	%	$	153.0	13	%	$	264.4	12	%	$	277.7	12	%
Fresh-cut vegetables	85.0		7	%	82.5		7	%	166.4		7	%	164.4		7	%
Pineapples	169.0		15	%	172.5		15	%	332.6		15	%	322.4		14	%
Avocados	100.4		9	%	74.7		6	%	179.9		8	%	139.4		6	%
Non-tropical fruit	47.3		4	%	41.4		3	%	107.9		5	%	102.7		4	%
Prepared foods	66.9		6	%	69.5		6	%	136.4		6	%	136.1		6	%
Melons	28.1		2	%	28.0		2	%	81.3		4	%	73.5		3	%
Tomatoes	3.4		—	%	5.3		—	%	7.0		—	%	10.7		—	%
Vegetables	28.0		2	%	32.0		3	%	53.5		2	%	58.5		3	%
Other fruit and vegetables	21.4		2	%	18.7		2	%	41.4		2	%	35.6		2	%
Total fresh and value-added products	694.1		60	%	677.6		57	%	1,370.8		61	%	1,321.0		57	%
Banana	394.3		35	%	448.8		38	%	773.8		34	%	873.9		38	%
Other products and services	51.3		5	%	54.1		5	%	102.9		5	%	114.1		5	%
Totals	$	1,139.7	100	%	$	1,180.5	100	%	$	2,247.5	100	%	$	2,309.0	100	%