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Business Segment Data
 9 Months Ended
Sep. 25, 2026
Segment Reporting [Abstract]  
Business Segment Data Business Segment Data
During the first quarter of 2026, we realigned our reportable segments for financial reporting purposes to reflect changes in how we monitor business performance and allocate resources, including changes as a result of our acquisition of Del Monte Foods described in Note 3, "Acquisitions". The change resulted in our internal reporting breaking out the results of our prepared foods business, which includes prepared fruit and vegetables, juices, other beverages, and meals and snacks, which was previously reported as a part of our fresh and value-added products reportable segment. The change in our reportable segments did not result in a change to our reporting units for purposes of goodwill impairment testing. Prior period amounts have been recast to conform to the current period presentation.

As a result of the realignment noted above, our business is now comprised of four reportable segments, three of which represent our primary businesses of fresh and value-added products, prepared foods, banana and one that represents our other ancillary businesses. The business and assets acquired as part of our acquisition of Del Monte Foods is included in our prepared foods reporting segment.

•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, and avocados.

•Banana

•Prepared Foods - includes prepared fruit and vegetables, juices, other beverages, and meals and snacks

•Other products and services - includes our third-party freight and logistic services business, our Jordanian poultry and meats business and our specialty ingredients business.

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 25, 2026September 26, 2025
Segments:Net SalesCost of products soldGross ProfitNet SalesCost of products soldGross Profit
Fresh and value-added products$461.3 $410.8 $50.5 $549.0 $484.7 $64.3 
Banana313.3 316.0 (2.7)358.0 353.4 4.6 
Prepared foods261.2 215.4 45.8 61.5 57.5 4.0 
Other products and services59.5 50.5 9.0 53.4 45.5 7.9 
Total$1,095.3 $992.7 $102.6 $1,021.9 $941.1 $80.8 
Nine months ended
September 25, 2026September 26, 2025
Segments:Net SalesCost of products soldGross ProfitNet SalesCost of products soldGross Profit
Fresh and value-added products$1,579.5 $1,406.3 $173.2 $1,811.1 $1,612.7 $198.4 
Banana1,031.6 1,009.4 22.2 1,131.7 1,080.3 51.4 
Prepared foods579.8 480.5 99.3 205.1 181.1 24.0 
Other products and services167.6 149.4 18.2 154.9 135.6 19.3 
Total$3,358.5 $3,045.6 $312.9 $3,302.8 $3,009.7 $293.1 

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 25,
2026		September 26,
2025		September 25,
2026		September 26,
2025
North America$697.1 $606.4 $2,036.6 $1,938.0 
Europe201.4 202.0 691.0 676.4 
Middle East94.4 103.9 301.7 319.5 
Asia82.2 93.8 251.0 294.9 
Other20.2 15.8 78.2 74.0 
Total$1,095.3 $1,021.9 $3,358.5 $3,302.8 

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 25,
2026		September 26,
2025		September 25,
2026		September 26,
2025
Fresh and value-added products:
Fresh-cut fruit$152.2 14 %$159.5 16 %$442.9 13 %$448.7 14 %
Fresh-cut vegetables35.9 3 %74.6 7 %104.7 3 %215.9 7 %
Pineapples161.2 15 %168.1 16 %513.9 15 %520.4 16 %
Avocados69.9 6 %79.1 8 %230.6 7 %285.3 9 %
Non-tropical fruit16.5 2 %16.6 2 %113.0 3 %119.7 3 %
Melons2.5 — %4.4 — %98.0 4 %92.2 3 %
Vegetables3.5 — %24.0 3 %12.5 — %60.7 1 %
Other fruit and vegetables19.6 2 %22.7 2 %63.9 2 %68.2 2 %
Total fresh and value-added products461.3 42 %549.0 54 %1,579.5 47 %1,811.1 55 %
Banana313.3 29 %358.0 35 %1,031.6 31 %1,131.7 34 %
Prepared foods261.2 24 %61.5 6 %579.8 17 %205.1 6 %
Other products and services59.5 5 %53.4 5 %167.6 5 %154.9 5 %
Total$1,095.3 100 %$1,021.9 100 %$3,358.5 100 %$3,302.8 100 %

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 25,
2026		December 26,
2025
North America$219.5 $122.9 
Europe30.7 29.2 
Middle East45.7 47.2
Africa38.4 38.2
Asia44.7 46.2
Central America618.5 626.0
South America42.5 44.5
Maritime equipment (including containers)163.3 160.2
Corporate6.2 5.1
Total property, plant and equipment, net$1,209.5 $1,119.5 

Total assets:September 25,
2026		December 26,
2025
North America$1,012.6 $624.7 
Europe402.7 350.3 
Middle East213.8 214.1
Africa173.7 161.2
Asia160.0 163.8
Central America1,081.4 1,082.7 
South America102.1 105.2
Maritime equipment (including containers)182.3 176.0
Corporate140.3 181.0
Total assets$3,468.9 $3,059.0 
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 38% of our property, plant and equipment as of September 25, 2026. 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 25, 2026 and December 26, 2025.

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