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Business Segment Data
 12 Months Ended
Dec. 26, 2025
Segment Reporting [Abstract]  
Business Segment Data Business Segment Data
 
We are principally engaged in the production, distribution and marketing of fresh and value-added products and bananas. Our products are sold in markets throughout the world and our major producing operations are located in North, Central and South America, Asia and Africa.
 
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 (which includes grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries and kiwis), other fruit and vegetables, avocados, and prepared foods (which includes 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 specialty ingredients business (previously referred to as 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):
 Year ended
 December 26, 2025December 27, 2024December 29, 2023
 Net SalesCost of products soldGross ProfitNet SalesCost of products soldGross ProfitNet SalesCost of products soldGross Profit
Fresh and value-added products$2,621.9 $2,322.5 $299.4 $2,606.9 $2,363.6 $243.3 $2,477.8 $2,310.5 $167.3 
Banana1,490.4 1,419.4 71.0 1,475.9 1,389.1 86.8 1,638.2 1,474.9 163.3 
Other products and services210.0 181.3 28.7 197.4 169.6 27.8 204.7 184.6 20.1 
Totals$4,322.3 $3,923.2 $399.1 $4,280.2 $3,922.3 $357.9 $4,320.7 $3,970.0 $350.7 

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:
Year ended
December 26, 2025December 27, 2024December 29, 2023
Segments:   
Fresh and value-added products:    
Fresh-cut fruit$575.1 13 %$534.0 12 %$536.2 12 %
Fresh-cut vegetables285.2 7 %329.5 8 %327.7 8 %
Pineapples705.3 16 %657.1 15 %622.3 14 %
Avocados352.2 8 %354.8 8 %271.2 6 %
Non-tropical fruit142.7 3 %153.1 4 %152.5 4 %
Prepared foods273.9 7 %273.6 7 %270.9 6 %
Melons112.8 3 %108.1 3 %95.7 2 %
Vegetables80.4 2 %95.9 2 %112.2 3 %
Other fruit and vegetables94.3 2 %100.8 2 %89.1 2 %
Total fresh and value-added products2,621.9 61 %2,606.9 61 %2,477.8 57 %
Banana1,490.4 34 %1,475.9 34 %1,638.2 38 %
Other products and services210.0 5 %197.4 5 %204.7 5 %
Total$4,322.3 100 %$4,280.2 100 %$4,320.7 100 %
The following table indicates our net sales by geographic region (U.S. dollars in millions):

 Year ended
Net sales by geographic region:December 26, 2025December 27, 2024December 29,
2023
North America$2,516.1 $2,541.7 $2,578.7 
Europe894.9 834.0 830.9 
Asia377.2 411.1 446.4 
Middle East441.7 393.5 384.9 
Other92.4 99.9 79.8 
Total net sales$4,322.3 $4,280.2 $4,320.7 

North America accounted for approximately 58% of our net sales for 2025, 59% for 2024 and 60% for 2023. Our earnings are heavily dependent on operations located worldwide; however, our net sales are not dependent on any particular country other than the United States, with no other country accounting for greater than 10% of our net sales in 2025, 2024 and 2023. These operations are a significant factor in the economies of some of the countries in which we operate and are subject to the risks that are inherent in operating in such countries, including government regulations, currency and ownership restrictions and risk of expropriation.

Walmart accounted for 7% of our net sales in 2025, 9% of net sales in 2024 and 9% in 2023. These sales are reported in the banana and fresh and value-added products segments. In 2025, our top 10 customers accounted for approximately 29% of net sales as compared with 32% during 2024 and 31% for 2023.

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:December 26, 2025December 27, 2024
North America$122.9 $155.3 
Europe29.2 28.8 
Middle East47.2 48.1 
Africa38.2 32.9 
Asia46.2 85.7 
Central America626.0 616.8 
South America44.5 47.3 
Maritime equipment (including containers)160.2 172.6 
Corporate5.1 4.1 
Total property, plant and equipment, net$1,119.5 $1,191.6 
Total assets:December 26, 2025December 27, 2024
North America$624.7 $670.9 
Europe350.3 345.1 
Middle East214.1 226.8 
Africa161.2 156.8 
Asia163.8 236.4 
Central America1,082.7 1,035.6 
South America105.2 110.5 
Maritime equipment (including containers)176.0 180.6 
Corporate181.0 133.5 
Total assets$3,059.0 $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 December 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 the years ended December 26, 2025 and December 27, 2024.

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