Acquisition (Tables)

3 Months Ended

Mar. 27, 2026

Business Combination [Abstract]

Schedule of pro forma information

The following unaudited pro forma combined financial information presents our results including Del Monte Foods as if the business combination had occurred at the beginning of fiscal year 2025. The unaudited pro forma information is not necessarily indicative of the results that the Company would have achieved had the Acquisition actually occurred at the beginning of fiscal year 2025, nor does such information purport to be indicative of future financial operating results.

	Quarter ended
	March 27, 2026		March 28, 2025
Net sales	$	1,213.0	$	1,316.5
Net income (loss)	(19.4)		(17.5)
Net income (loss) attributable to Fresh Del Monte Produce Inc.	$	(20.1)	$	(18.3)

Business Combination

The following table provides a reconciliation of cash, cash equivalents, and restricted cash in our Consolidated Balance Sheets, that reconcile to the amounts shown on the Consolidated Statements of Cash Flows:

	March 27, 2026		December 26, 2025
Cash and cash equivalents	$	66.3	$	35.7
Restricted cash included in:
Prepaid expenses and other current assets	3.5		28.5
Total cash, cash equivalents and restricted cash	$	69.8	$	64.2

Business Combination, Recognized Asset Acquired and Liability Assumed

The following table summarizes the fair values of the net assets acquired and liabilities assumed on the Closing Date. Due to the timing of the Acquisition during the quarter, we are still finalizing and reviewing the estimated fair values of the assets acquired and liabilities assumed. Accordingly, measurement period adjustments, such as those to the provisional measurements of inventory, trade names and property, plant and equipment, may be recorded as the valuation procedures are finalized which may result in a change to our fair value allocation.

	At March 19, 2026
Assets acquired
Cash and cash equivalents	$	1.5
Trade accounts receivable	4.1
Other accounts receivable	15.1
Inventories(1)	168.2
Assets held for sale	2.5
Prepaid expenses and other current assets	8.6
Property, plant and equipment (2)	120.1
Operating lease right-of-use assets	4.7
Deferred income taxes	5.8
Other noncurrent assets	0.3
Trade names	60.1
Liabilities assumed
Accounts payable and accrued expenses	13.2
Current maturities of debt and finance leases	5.4
Current maturities of operating leases	3.3
Income taxes and other taxes payable	5.8
Long-term debt and finance leases	10.7
Retirement benefits	9.3
Operating leases, less current maturities	1.4
Net assets acquired	$	341.9

(1) Includes an inventory valuation step-up of $6.2 million. The preliminary fair value was determined based on level 3 inputs which included the estimated selling price of the inventory, less the remaining estimated costs to sell such inventory at estimated normal profit margin.

(2) Includes $16.1 million of right‑of‑use assets related to the bubble tea business operated under the Joyba® trademark. Based on our decision to discontinue production of Joyba® after the Closing Date, we recorded an impairment of these right-of-use assets during the quarter ended March 27, 2026. See Note 5, "Asset Impairment and Other Charges, Net".