XML 45 R34.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Business Segment Data (Tables) | 6 Months Ended
--- | ---
Jun. 28, 2024
Segment Reporting [Abstract] |
Disaggregation of Revenue | 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 |
| June 28, 2024 |  | June 30, 2023 |
Segments: | Net Sales |  | Gross Profit |  | Net Sales |  | Gross Profit |
Fresh and value-added products | $ | 694.1 |  |  | $ | 77.9 |  |  | $ | 677.6 |  |  | $ | 62.1 |  |
Banana | 394.3 |  |  | 29.8 |  |  | 448.8 |  |  | 50.5 |  |
Other products and services | 51.3 |  |  | 5.5 |  |  | 54.1 |  |  | 4.2 |  |
Totals | $ | 1,139.7 |  |  | $ | 113.2 |  |  | $ | 1,180.5 |  |  | $ | 116.8 |  |
| Six months ended |
| June 28, 2024 |  | June 30, 2023 |
Segments: | Net Sales |  | Gross Profit |  | Net Sales |  | Gross Profit |
Fresh and value-added products | $ | 1,370.8 |  |  | $ | 133.9 |  |  | $ | 1,321.0 |  |  | $ | 109.1 |  |
Banana | 773.8 |  |  | 51.5 |  |  | 873.9 |  |  | 93.7 |  |
Other products and services | 102.9 |  |  | 10.0 |  |  | 114.1 |  |  | 11.0 |  |
Totals | $ | 2,247.5 |  |  | $ | 195.4 |  |  | $ | 2,309.0 |  |  | $ | 213.8 |  |
Net sales by geographic region |
| Quarter ended |  | Six months ended
Net sales by geographic region: | June 28, 2024 |  | June 30, 2023 |  | June 28, 2024 |  | June 30, 2023
North America | $ | 680.9 |  |  | $ | 704.2 |  |  | $ | 1,335.7 |  |  | $ | 1,371.4 |
Europe | 225.9 |  |  | 224.5 |  |  | 435.2 |  |  | 441.0 |
Asia | 113.3 |  |  | 132.2 |  |  | 219.9 |  |  | 244.3 |
Middle East | 93.6 |  |  | 100.6 |  |  | 192.9 |  |  | 202.4 |
Other | 26.0 |  |  | 19.0 |  |  | 63.8 |  |  | 49.9 |
Totals | $ | 1,139.7 |  |  | $ | 1,180.5 |  |  | $ | 2,247.5 |  |  | $ | 2,309.0 |
Net sales by product | 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 ended |  | Six months ended
| June 28, 2024 |  | June 30, 2023 |  | June 28, 2024 |  | June 30, 2023
Fresh and value-added products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fresh-cut fruit | $ | 144.6 |  |  | 13 | % |  | $ | 153.0 |  |  | 13 | % |  | $ | 264.4 |  |  | 12 | % |  | $ | 277.7 |  |  | 12 | %
Fresh-cut vegetables | 85.0 |  |  | 7 | % |  | 82.5 |  |  | 7 | % |  | 166.4 |  |  | 7 | % |  | 164.4 |  |  | 7 | %
Pineapples | 169.0 |  |  | 15 | % |  | 172.5 |  |  | 15 | % |  | 332.6 |  |  | 15 | % |  | 322.4 |  |  | 14 | %
Avocados | 100.4 |  |  | 9 | % |  | 74.7 |  |  | 6 | % |  | 179.9 |  |  | 8 | % |  | 139.4 |  |  | 6 | %
Non-tropical fruit | 47.3 |  |  | 4 | % |  | 41.4 |  |  | 3 | % |  | 107.9 |  |  | 5 | % |  | 102.7 |  |  | 4 | %
Prepared foods | 66.9 |  |  | 6 | % |  | 69.5 |  |  | 6 | % |  | 136.4 |  |  | 6 | % |  | 136.1 |  |  | 6 | %
Melons | 28.1 |  |  | 2 | % |  | 28.0 |  |  | 2 | % |  | 81.3 |  |  | 4 | % |  | 73.5 |  |  | 3 | %
Tomatoes | 3.4 |  |  | — | % |  | 5.3 |  |  | — | % |  | 7.0 |  |  | — | % |  | 10.7 |  |  | — | %
Vegetables | 28.0 |  |  | 2 | % |  | 32.0 |  |  | 3 | % |  | 53.5 |  |  | 2 | % |  | 58.5 |  |  | 3 | %
Other fruit and vegetables | 21.4 |  |  | 2 | % |  | 18.7 |  |  | 2 | % |  | 41.4 |  |  | 2 | % |  | 35.6 |  |  | 2 | %
Total fresh and value-added products | 694.1 |  |  | 60 | % |  | 677.6 |  |  | 57 | % |  | 1,370.8 |  |  | 61 | % |  | 1,321.0 |  |  | 57 | %
Banana | 394.3 |  |  | 35 | % |  | 448.8 |  |  | 38 | % |  | 773.8 |  |  | 34 | % |  | 873.9 |  |  | 38 | %
Other products and services | 51.3 |  |  | 5 | % |  | 54.1 |  |  | 5 | % |  | 102.9 |  |  | 5 | % |  | 114.1 |  |  | 5 | %
Totals | $ | 1,139.7 |  |  | 100 | % |  | $ | 1,180.5 |  |  | 100 | % |  | $ | 2,247.5 |  |  | 100 | % |  | $ | 2,309.0 |  |  | 100 | %

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration