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Business Segment Data
 9 Months Ended
Sep. 26, 2025
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, our Jordanian poultry and meats business and our biomass initiatives.

Our Chief Operating Decision Maker ("CODM") is our Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer ("the CODM Group"). The CODM Group uses segment gross profit, calculated as net sales less cost of products sold, as the primary measure in assessing segment performance and determining allocation of resources, with these determinations generally made as part of our annual budgeting process. Reviews of segment performance by the CODM Group occur regularly throughout the year, including monthly review of budget-to-actual results, which can result in allocation changes if deemed appropriate. The following table provides information by reportable segment, including net sales, cost of products sold and gross profit (U.S. dollars in millions):

 
 Quarter ended
 September 26, 2025September 27, 2024
Segments:Net SalesCost of products soldGross ProfitNet SalesCost of products soldGross Profit
Fresh and value-added products$610.5 $542.2 $68.3 $623.7 $560.4 $63.3 
Banana358.0 353.4 4.6 345.3 324.0 21.3 
Other products and services53.4 45.5 7.9 50.5 41.3 9.2 
Total$1,021.9 $941.1 $80.8 $1,019.5 $925.7 $93.8 
 Nine months ended
 September 26, 2025September 27, 2024
Segments:Net SalesCost of products soldGross ProfitNet SalesCost of products soldGross Profit
Fresh and value-added products$2,016.2 $1,793.8 $222.4 $1,994.6 $1,797.4 $197.2 
Banana1,131.7 1,080.3 51.4 1,119.1 1,046.3 72.8 
Other products and services154.9 135.6 19.3 153.3 134.1 19.2 
Totals$3,302.8 $3,009.7 $293.1 $3,267.0 $2,977.8 $289.2 
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 26,
2025		September 27,
2024		September 26,
2025		September 27,
2024
North America$606.4 $614.6 $1,938.0 $1,950.3 
Europe202.0 192.8 676.4 627.9 
Middle East103.9 96.5 319.5 289.4 
Asia93.8 95.3 294.9 315.3 
Other15.8 20.3 74.0 84.1 
Total$1,021.9 $1,019.5 $3,302.8 $3,267.0 

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 endedNine months ended
September 26,
2025		September 27,
2024		September 26,
2025		September 27,
2024
Fresh and value-added products:
Fresh-cut fruit$159.5 16 %$146.3 14 %$448.7 14 %$410.7 13 %
Fresh-cut vegetables74.6 7 %86.8 9 %215.9 7 %253.1 8 %
Pineapples168.1 16 %155.7 15 %520.4 16 %488.4 15 %
Avocados79.1 8 %95.6 9 %285.3 9 %275.5 8 %
Non-tropical fruit16.6 2 %19.5 2 %119.7 3 %127.4 4 %
Prepared foods61.5 6 %66.8 7 %205.1 6 %203.2 6 %
Melons4.4 — %5.1 1 %92.2 3 %86.4 3 %
Vegetables24.0 3 %21.8 2 %60.7 1 %75.4 2 %
Other fruit and vegetables22.7 2 %26.1 2 %68.2 2 %74.5 2 %
Total fresh and value-added products610.5 60 %623.7 61 %2,016.2 61 %1,994.6 61 %
Banana358.0 35 %345.3 34 %1,131.7 34 %1,119.1 34 %
Other products and services53.4 5 %50.5 5 %154.9 5 %153.3 5 %
Total$1,021.9 100 %$1,019.5 100 %$3,302.8 100 %$3,267.0 100 %
The following tables indicate our (i) property, plant, and equipment, net by location and (ii) total assets by location (U.S. dollars in millions):

Property, plant and equipment, net:September 26,
2025		December 27,
2024
North America$124.8 $155.3 
Europe28.9 28.8 
Middle East47.2 48.1
Africa36.4 32.9
Asia47.9 85.7
Central America617.6 616.8
South America45.2 47.3
Maritime equipment (including containers)162.3 172.6
Corporate4.3 4.1
Total property, plant and equipment, net$1,114.6 $1,191.6 

Total assets:September 26,
2025		December 27,
2024
North America$619.2 $670.9 
Europe351.1 345.1 
Middle East214.6 226.8
Africa162.2 156.8
Asia177.9 236.4
Central America1,043.8 1,035.6 
South America97.6 110.5
Maritime equipment (including containers)180.5 180.6
Corporate218.7 133.5
Total assets$3,065.6 $3,096.2 
Management reviews assets on the basis of geographic region and not by reportable segment, which more closely aligns our capital investment with demand for our products. Costa Rica is our most significant sourcing location and represented approximately 41% of our property, plant and equipment as of September 26, 2025. Excluding the U.S., no other country other than Costa Rica accounted for greater than 10% of our property, plant and equipment as of September 26, 2025 and December 27, 2024.

Total assets by geographic area represent those assets used in the operations of each geographic area.