XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.25.2

Business Segment Data | 6 Months Ended
--- | ---
Jun. 27, 2025
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, our Jordanian poultry and meats business and 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):
| Quarter ended |
| June 27, 2025 |  | June 28, 2024 |
Segments: | Net Sales |  | Cost of products sold |  | Gross Profit |  | Net Sales |  | Cost of products sold |  | Gross Profit |
Fresh and value-added products | $ | 722.6 |  |  | $ | 637.7 |  |  | $ | 84.9 |  |  | $ | 694.1 |  |  | $ | 616.2 |  |  | $ | 77.9 |  |
Banana | 410.0 |  |  | 380.0 |  |  | 30.0 |  |  | 394.3 |  |  | 364.5 |  |  | 29.8 |  |
Other products and services | 49.9 |  |  | 44.7 |  |  | 5.2 |  |  | 51.3 |  |  | 45.8 |  |  | 5.5 |  |
Total | $ | 1,182.5 |  |  | $ | 1,062.4 |  |  | $ | 120.1 |  |  | $ | 1,139.7 |  |  | $ | 1,026.5 |  |  | $ | 113.2 |  |
| Six months ended |
| June 27, 2025 |  | June 28, 2024 |
Segments: | Net Sales |  | Cost of products sold |  | Gross Profit |  | Net Sales |  | Cost of products sold |  | Gross Profit |
Fresh and value-added products | $ | 1,405.7 |  |  | $ | 1,251.6 |  |  | $ | 154.1 |  |  | $ | 1,370.8 |  |  | $ | 1,236.9 |  |  | $ | 133.9 |  |
Banana | 773.7 |  |  | 726.9 |  |  | 46.8 |  |  | 773.8 |  |  | 722.3 |  |  | 51.5 |  |
Other products and services | 101.4 |  |  | 90.1 |  |  | 11.3 |  |  | 102.9 |  |  | 92.9 |  |  | 10.0 |  |
Totals | $ | 2,280.8 |  |  | $ | 2,068.6 |  |  | $ | 212.2 |  |  | $ | 2,247.5 |  |  | $ | 2,052.1 |  |  | $ | 195.4 |  |
The following table indicates our net sales by geographic region (U.S. dollars in millions):
| Quarter ended |  | Six months ended
| June 27, 2025 |  | June 28, 2024 |  | June 27, 2025 |  | June 28, 2024
Net sales by geographic region: |  |  |  |  |  |  |
North America | $ | 684.8 |  |  | $ | 680.9 |  |  | $ | 1,331.6 |  |  | $ | 1,335.7 |
Europe | 252.6 |  |  | 225.9 |  |  | 474.4 |  |  | 435.2 |
Middle East | 109.2 |  |  | 93.6 |  |  | 215.6 |  |  | 192.9 |
Asia | 111.7 |  |  | 113.3 |  |  | 201.0 |  |  | 219.9 |
Other | 24.2 |  |  | 26.0 |  |  | 58.2 |  |  | 63.8 |
Total | $ | 1,182.5 |  |  | $ | 1,139.7 |  |  | $ | 2,280.8 |  |  | $ | 2,247.5 |
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 27, 2025 |  | June 28, 2024 |  | June 27, 2025 |  | June 28, 2024
Fresh and value-added products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fresh-cut fruit | $ | 159.1 |  |  | 14 | % |  | $ | 144.6 |  |  | 13 | % |  | $ | 289.1 |  |  | 13 | % |  | $ | 264.4 |  |  | 12 | %
Fresh-cut vegetables | 73.1 |  |  | 6 | % |  | 85.0 |  |  | 7 | % |  | 141.3 |  |  | 6 | % |  | 166.4 |  |  | 7 | %
Pineapples | 190.4 |  |  | 16 | % |  | 169.0 |  |  | 15 | % |  | 352.4 |  |  | 15 | % |  | 332.6 |  |  | 15 | %
Avocados | 99.5 |  |  | 8 | % |  | 100.4 |  |  | 9 | % |  | 206.1 |  |  | 9 | % |  | 179.9 |  |  | 8 | %
Non-tropical fruit | 51.5 |  |  | 4 | % |  | 47.3 |  |  | 4 | % |  | 103.1 |  |  | 5 | % |  | 107.9 |  |  | 5 | %
Prepared foods | 72.7 |  |  | 6 | % |  | 66.9 |  |  | 6 | % |  | 143.6 |  |  | 6 | % |  | 136.4 |  |  | 6 | %
Melons | 33.0 |  |  | 3 | % |  | 28.1 |  |  | 2 | % |  | 87.8 |  |  | 4 | % |  | 81.3 |  |  | 4 | %
Vegetables | 21.1 |  |  | 2 | % |  | 28.0 |  |  | 2 | % |  | 36.8 |  |  | 2 | % |  | 53.5 |  |  | 2 | %
Other fruit and vegetables | 22.2 |  |  | 2 | % |  | 24.8 |  |  | 2 | % |  | 45.5 |  |  | 2 | % |  | 48.4 |  |  | 2 | %
Total fresh and value-added products | 722.6 |  |  | 61 | % |  | 694.1 |  |  | 60 | % |  | 1,405.7 |  |  | 62 | % |  | 1,370.8 |  |  | 61 | %
Banana | 410.0 |  |  | 35 | % |  | 394.3 |  |  | 35 | % |  | 773.7 |  |  | 34 | % |  | 773.8 |  |  | 34 | %
Other products and services | 49.9 |  |  | 4 | % |  | 51.3 |  |  | 5 | % |  | 101.4 |  |  | 4 | % |  | 102.9 |  |  | 5 | %
Total | $ | 1,182.5 |  |  | 100 | % |  | $ | 1,139.7 |  |  | 100 | % |  | $ | 2,280.8 |  |  | 100 | % |  | $ | 2,247.5 |  |  | 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):
| June 27, 2025 |  | December 27, 2024 |  |
Property, plant and equipment, net: |  |  |  |  |
North America | $ | 152.7 |  |  | $ | 155.3 |  |  |
Europe | 29.5 |  |  | 28.8 |  |  |
Middle East | 46.4 |  |  | 48.1 |  |
Africa | 35.8 |  |  | 32.9 |  |
Asia | 84.9 |  |  | 85.7 |  |
Central America | 614.9 |  |  | 616.8 |  |
South America | 45.8 |  |  | 47.3 |  |
Maritime equipment (including containers) | 166.4 |  |  | 172.6 |  |
Corporate | 4.3 |  |  | 4.1 |  |
Total property, plant and equipment, net | $ | 1,180.7 |  |  | $ | 1,191.6 |  |  |
| June 27, 2025 |  | December 27, 2024
Total assets: |  |  |
North America | $ | 666.7 |  |  | $ | 670.9 |
Europe | 368.9 |  |  | 345.1 |
Middle East | 221.1 |  |  | 226.8
Africa | 158.5 |  |  | 156.8
Asia | 237.5 |  |  | 236.4
Central America | 1,047.5 |  |  | 1,035.6 |
South America | 100.0 |  |  | 110.5
Maritime equipment (including containers) | 180.2 |  |  | 180.6
Corporate | 184.5 |  |  | 133.5
Total assets | $ | 3,164.9 |  |  | $ | 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 38% of our property, plant and equipment as of June 27, 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 June 27, 2025 and December 27, 2024. Total assets by geographic area represent those assets used in the operations of each geographic area.

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/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 2: 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 3: 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 Reference 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: 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 12: 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 13: 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 14: 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 15: 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 16: 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 17: 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 18: 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 19: 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 20: 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 21: 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 22: 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 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: 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 25: 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 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration