XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Business Segment Data | 6 Months Ended
--- | ---
Jun. 28, 2024
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 and our Jordanian poultry and meats business. 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 |  |
The following table indicates our net sales by geographic region (U.S. dollars in millions):
| 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 |
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
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration