XML 30 R19.htm IDEA: XBRL DOCUMENT v3.24.3
Business Segment Data
 9 Months Ended
Sep. 27, 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
 September 27, 2024September 29, 2023
Segments:Net SalesGross ProfitNet SalesGross Profit
Fresh and value-added products$623.7 $63.3 $574.0 $36.2 
Banana345.3 21.3 384.7 31.9 
Other products and services50.5 9.2 44.4 6.3 
Totals$1,019.5 $93.8 $1,003.1 $74.4 
 Nine months ended
 September 27, 2024September 29, 2023
Segments:Net SalesGross ProfitNet SalesGross Profit
Fresh and value-added products$1,994.6 $197.2 $1,895.0 $145.3 
Banana1,119.1 72.8 1,258.6 125.7 
Other products and services153.3 19.2 158.5 17.2 
Totals$3,267.0 $289.2 $3,312.1 $288.2 
The following table indicates our net sales by geographic region (U.S. dollars in millions):

Quarter endedNine months ended
Net sales by geographic region:September 27,
2024		September 29,
2023		September 27,
2024		September 29,
2023
North America$614.6 $615.7 $1,950.3 $1,987.1 
Europe192.8 181.8 627.9 622.9 
Asia95.3 101.2 315.3 345.5 
Middle East96.5 87.4 289.4 289.7 
Other20.3 17.0 84.1 66.9 
Totals$1,019.5 $1,003.1 $3,267.0 $3,312.1 

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 endedNine months ended
September 27,
2024		September 29,
2023		September 27,
2024		September 29,
2023
Fresh and value-added products:
Fresh-cut fruit$146.3 14 %$141.4 14 %$410.7 13 %$419.0 13 %
Fresh-cut vegetables86.8 9 %83.7 8 %253.1 8 %248.1 7 %
Pineapples155.7 15 %137.5 14 %488.4 15 %459.9 14 %
Avocados95.6 9 %73.4 7 %275.5 8 %212.8 6 %
Non-tropical fruit19.5 2 %23.4 2 %127.4 4 %126.1 4 %
Prepared foods66.8 7 %61.6 6 %203.2 6 %197.7 6 %
Melons5.1 1 %4.2 — %86.4 3 %77.8 2 %
Tomatoes2.2 — %4.3 1 %9.2 — %15.0 — %
Vegetables21.8 2 %29.4 3 %75.4 2 %87.9 3 %
Other fruit and vegetables23.9 2 %15.1 2 %65.3 2 %50.7 2 %
Total fresh and value-added products623.7 61 %574.0 57 %1,994.6 61 %1,895.0 57 %
Banana345.3 34 %384.7 38 %1,119.1 34 %1,258.6 38 %
Other products and services50.5 5 %44.4 5 %153.3 5 %158.5 5 %
Totals$1,019.5 100 %$1,003.1 100 %$3,267.0 100 %$3,312.1 100 %