v3.26.1
REVENUE
6 Months Ended
Jun. 30, 2026
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 the Company’s 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, 2026 and June 30, 2025.
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, 2026 and June 30, 2025:
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
(U.S. Dollars in thousands)
Diversified produce
$1,491,449 $1,440,547 $2,890,064 $2,655,815 
Tropical fruit
900,018 874,207 1,726,581 1,653,776 
Health foods and consumer goods41,735 40,925 81,660 76,272 
Commercial cargo45,005 47,350 89,943 94,909 
Other1
21,204 25,398 53,338 47,059 
Total revenue, net$2,499,411 $2,428,427 $4,841,586 $4,527,831 
The following table presents the Company's disaggregated revenue by channel for the three and six months ended June 30, 2026 and June 30, 2025:
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Third party revenue:(U.S. Dollars in thousands)
Retail
$1,478,464 $1,394,080 $2,782,435 $2,557,345 
Wholesale
801,626 830,953 1,632,592 1,568,197 
Food service
122,874 114,956 225,400 218,062 
Commercial cargo
45,005 47,350 89,943 94,909 
Other2
17,927 20,202 40,718 35,989 
Revenue from sales to unconsolidated affiliates33,515 20,886 70,498 53,329 
Total revenue, net
$2,499,411 $2,428,427 $4,841,586 $4,527,831