v3.25.2
REVENUE
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Revenue consists primarily of product revenue, which includes the selling of fresh produce, health foods and consumer goods to third-party customers. Fresh produce comprises two main product categories, tropical fruit and diversified produce. Tropical fruit primarily consists of bananas, pineapples and plantains, and diversified produce primarily consists of all other fruit, vegetables and other produce. Product revenue also includes surcharges for additional product services such as freight, cooling, warehousing, fuel, containerization, handling and palletization related to the transfer of products.
Revenue also includes service revenue, which includes third-party freight services and royalties for the use of Company brands and trademarks. Additionally, the Company maintains a commercial cargo business where revenue is earned by providing handling and transportation services of containerized cargo on the Company’s vessels. Net service revenues were less than 10% of total revenue for the three and six months ended June 30, 2025 and June 30, 2024.
The following table presents the Company's disaggregated revenue by similar types of products and services for the three and six months ended June 30, 2025 and June 30, 2024:
Three Months EndedSix Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
(U.S. Dollars in thousands)
Diversified produce
$1,456,378 $1,289,146 $2,684,334 $2,605,966 
Tropical fruit
874,207 749,148 1,653,776 1,464,112 
Health foods and consumer goods40,925 34,331 76,272 68,068 
Commercial cargo47,350 44,887 94,909 90,190 
Other9,567 6,579 18,540 17,129 
Total revenue, net$2,428,427 $2,124,091 $4,527,831 $4,245,465 
The following table presents the Company's disaggregated revenue by channel for the three and six months ended June 30, 2025 and June 30, 2024:
Three Months EndedSix Months Ended
 June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Third party revenue:(U.S. Dollars in thousands)
Retail
$1,409,126 $1,254,172 $2,584,391 $2,483,019 
Wholesale
830,953 676,017 1,568,885 1,374,131 
Food service
115,741 121,987 218,847 233,717 
Commercial cargo
47,350 44,887 94,909 90,190 
Other4,371 1,588 7,470 7,757 
Revenue from sales to unconsolidated affiliates20,886 25,440 53,329 56,651 
Total revenue, net
$2,428,427 $2,124,091 $4,527,831 $4,245,465