Financial Analysis

"Commitments and Contingencies Commitments We have agreements to purchase the entire or partial production of certain products of our independent growers primarily in Guatemala, Ecuador, Philippines, Costa Rica, Colombia, and the United Kingdom that meet our quality standards. Total purchases under these agreements amounted to $655.3 million for 2025, $643.4 million for 2024 and $631.6 million for 2023. Refer to Note 10 Leases , for further a discussion concerning our lease commitments. Kunia Well Site In 1980, elevated levels of certain chemicals were detected in the soil and ground-water at a plantation leased by one of our U.S. subsidiaries in Honolulu, Hawaii (the Kunia Well Site). In 2005, our subsidiary signed a Consent Decree (Consent Decree) with the Environmental Protection Agency (EPA) for the performance of the clean-up work for the Kunia Well Site. Based on findings from remedial investigations, our subsidiary coordinated with the EPA to evaluate the clean-up work required in accordance with the Consent Decree. On July 25, 2022, an Explanation of Significant Differences (ESD) for the Kunia Well Site was filed by the EPA, which formally transitioned the remedy for the Kunia Well Site to a Monitored Natural Attenuation (MNA), thereby reducing our potential liability. In connection with the above decision, we recorded a $9.9 million reduction in our liability during the year ended December 30, 2022. The revised estimate associated with the clean-up costs, and on whic …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"Debt Credit Facility On October 1, 2019, we entered into a Second Amended and Restated Credit Agreement (as amended, the Second A&R Credit Agreement) with Bank of America, N.A. as administrative agent and BofA Securities, Inc. as sole lead arranger and sole bookrunner and certain other lenders. The Second A&R Credit Agreement provided for a five-year, $0.9 billion syndicated senior unsecured revolving credit facility maturing on October 1, 2024. The Second A&R Credit Agreement was subsequently amended on December 30, 2022, to replace the Eurocurrency Rate with the Term Secured Overnight Financing Rate (""Term SOFR"") effective January 3, 2023. On February 21, 2024, we entered into Amendment No. 2 to the Second Amended and Restated Credit Agreement (the ""2024 Amended Credit Facility"") with Bank of America, N.A. as administrative agent and BofA Securities, Inc. as sole lead arranger and sole bookrunner and certain other lenders. The 2024 Amended Credit Facility provides for a five-year, $0.75 billion syndicated senior unsecured revolving credit facility maturing on February 21, 2029. Amounts borrowed under the revolving credit facility accrue interest at a rate equal to the Term SOFR rate plus a margin that ranges from 1.0% to 1.625% based on our Consolidated Leverage Ratio (as defined in the 2024 Amended Credit Facility). The 2024 Amended Credit Facility also permits, under certain conditions, $200 million of Permitted Receivables Financing (as defined in the 20 …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Share-Based Compensation We maintain various compensation plans for officers, other employees, and non-employee members of our Board of Directors. On June 2, 2022, our shareholders approved and ratified the 2022 Omnibus Share Incentive Plan (the 2022 Plan). The 2022 Plan allows us to grant equity-based compensation awards including restricted stock units (RSUs), performance stock units (PSUs), stock options, and restricted stock awards. The 2022 Plan replaces and supersedes the 2014 Omnibus Share Incentive Plan (the Prior Plan). No awards can be granted under the Prior Plan upon adoption of the 2022 Plan. Under the 2022 Plan, the Board of Directors is authorized to award up to (i) 2,800,000 ordinary shares plus (ii) any ordinary shares remaining available for future awards under the Prior Plan at the time of adoption (of which there were approximately 241,263) plus (iii) any ordinary shares with respect to awards and Prior Plan awards that are forfeited, canceled, expire unexercised, or are settled in cash following adoption of the 2022 Plan. Share-based compensation expense related to RSUs and PSUs is included in selling, general and administrative expenses in the accompanying Consolidated Statements of Operations and was comprised in the relevant periods as follows (U.S. dollars in millions): Year ended Types of Awards December 26, 2025 December 27, 2024 December 29, 2023 RSUs/PSUs $ 10.0 $ 6.9 $ 9.9 Restricted Stock Units and Performance Stock Units Under the 2022 Plan and …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

"Fair Value Measurements Fair Value of Financial Instruments Our derivative assets or liabilities include foreign exchange and interest rate derivatives that are measured at fair value using observable market inputs such as forward rates, interest rates, and our own credit risk as well as an evaluation of our counterparties credit risks. We use an income approach to value our outstanding foreign currency and interest rate hedges, which consists of a discounted cash flow model that takes into account the present value of future cash flows under the terms of the contracts using current market information as of the measurement date such as foreign currency spot rate, forward rates and interest rates. Additionally, we include an element of default risk based on observable inputs into the fair value calculation. Based on these inputs, the derivative assets or liabilities are classified within Level 2 of the valuation hierarchy. The following table provides a summary of the fair values of our derivative financial instruments measured on a recurring basis (U.S. dollars in millions): Foreign currency forward contracts, net (liability) asset December 26, 2025 December 27, 2024 Quoted prices in active markets for identical assets (Level 1) $ $ Significant other observable inputs (Level 2) (1.0) 0.3 Significant unobservable inputs (Level 3) Refer to Note 14, Retirement and Other Employee Benefits for further fair value disclosures related to pension assets. In estimating our fair value …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

"Goodwill and Other Intangible Assets The following table reflects our indefinite-lived intangible assets, including goodwill, and our definite-lived intangible assets along with related accumulated amortization by major category (U.S. dollars in millions): December 26, 2025 December 27, 2024 Goodwill $ 390.0 $ 396.3 Indefinite-lived intangible assets: Trademarks 31.6 31.7 Definite-lived intangible assets: Definite-lived intangible assets 10.6 10.6 Accumulated amortization (9.1) (9.1) Definite-lived intangible assets, net 1.5 1.5 Goodwill and other intangible assets, net $ 423.1 $ 429.5 Indefinite-lived and definite-lived intangible assets are included in intangible assets, net, in the Consolidated Balance Sheets. Our definite-lived intangible assets primarily consist of water rights in South America. The following table reflects the changes in the carrying amount of goodwill by business segment (U.S. dollars in millions): Bananas Fresh and Value-Added Products Totals Balance at December 29, 2023 $ 64.4 $ 337.5 $ 401.9 Foreign exchange (0.2) (0.2) Goodwill allocated to disposal of fresh-cut vegetable assets (4.0) (4.0) Impairment charges (1.4) (1.4) Balance at December 27, 2024 $ 64.2 $ 332.1 $ 396.3 Foreign exchange 0.4 0.5 0.9 Goodwill allocated to Mann Packing disposal group (7.2) (7.2) Balance at December 26, 2025 $ 64.6 $ 325.4 $ 390.0 In the table above, goodwill is presented net of accumulated impairment losses of $111.1 million, relating strictly to the fresh and valu …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes We adopted ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures on a prospective basis for the year ended December 26, 2025. The provision for income taxes consisted of the following (U.S. dollars in millions): Year ended December 26, 2025 December 27, 2024 December 29, 2023 Current: U.S. federal income tax $ 0.2 $ 0.1 $ 0.1 State 1.9 0.7 1.0 Non-U.S. 27.3 24.8 20.8 29.4 25.6 21.9 Deferred: U.S. federal income tax (0.6) 0.3 (1.1) State (0.7) 0.2 (0.2) Non-U.S. 9.3 3.0 (2.5) 8.0 3.5 (3.8) $ 37.4 $ 29.1 $ 18.1 Income before income taxes consisted of the following (U.S. dollars in millions): Year ended December 26, 2025 December 27, 2024 December 29, 2023 U.S. $ 2.4 $ 8.5 $ (136.4) Non-U.S. 128.5 162.2 152.9 $ 130.9 $ 170.7 $ 16.5 In accordance with the updated requirements of ASU 2023-09 for the year ended December 26, 2025, a reconciliation of the U.S. federal statutory income tax rate to the effective tax rate are explained in the following (U.S. dollars in millions): December 26, 2025 Amount Rate U.S. federal statutory income tax at 21% $ 27.5 21.0 % State and local income taxes, net of federal income tax effect (a) 2.0 1.6 % Enactment of new tax laws 0.2 0.2 % Tax Credits (0.1) (0.1) % Valuation allowance (4.0) (3.1) % Other 2.4 1.9 % Foreign tax effects: Brazil Foreign currency adjustment 7.4 5.6 % Changes in valuation allowance (6.2) (4.7) % Other 0.1 0.1 % Cayman Islands Foreign rate differential 2.9 2.1 % Chile Local tax law adjustm …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"New Accounting Pronouncements - Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures . This ASU amends ASC 740 to enhance the nature of disclosures for income taxes. Specifically, the ASU requires public business entities to disclose additional information in categories defined within the ASU within the reconciliation of the effective tax rate to the statutory rate for federal, state and foreign income taxes. Additionally, the ASU requires disclosure of taxes paid, net of refunds received, disaggregated by federal, state and foreign taxes. ASU 2023-09 is effective for years beginning after December 15, 2024 with early adoption permitted. We have adopted this guidance, which did not have an impact on our financial condition, results of operations and cash flows, although it did result in expanded disclosures as included in Note 9, "" Income Taxes"". New Accounting Pronouncements - Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40) . This ASU amends Accounting Standards Codification (ASC) 220 to require additional disclosure of certain expense information on an annual and interim basis, including but not limited to the amounts of purchases of inventory, employee compensation and deprecation and intangible asset amortization included within each income statement expense caption, as applicable. AS …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Retirement and Other Employee Benefits We sponsor a number of defined benefit pension plans and post-retirement plans. The most significant of these plans cover employees in the United States, United Kingdom, Costa Rica and Guatemala. The benefit obligation is the projected benefit obligation for defined benefit pension plans and the accumulated post-retirement benefit obligation for post-retirement benefit plans other than pensions. U.S. Defined Benefit Pension Plan We sponsor a defined benefit pension plan, which covers a portion of our U.S.-based employees under a collective bargaining agreement. As a result of the accelerated closing of our Hawaii facility announced in 2006, the ILWU Local 42 collective bargaining agreement was not re-negotiated and expired in 2009 and as such the U.S.-based defined benefit pension plan has ceased accruing benefits. Our funding policy for this plan is to contribute amounts sufficient to meet the minimum funding requirements of the Employee Retirement Income Security Act of 1974, as amended, or such additional amounts as determined appropriate to assure that the assets of the plan would be adequate to provide benefits. Substantially all of the plans assets are invested in mutual funds. United Kingdom Defined Benefit Pension Plan We sponsor a defined benefit pension plan, which covers a portion of our employees in the United Kingdom (the U.K. plan). The U.K. plan provides benefits based on the employees years of service and qualifying compe …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

"Related Party Transactions Advances and receivables due from related parties were $7.1 million in 2025 and $5.3 million in 2024. On July 24, 2024, we entered into a $1.0 million line of credit agreement as lender with a related party to fund the related party's obligation to cover a portion of costs associated with a joint venture. The line of credit bears interest at a rate of 5.5% per annum and matures on July 23, 2029. Total draws on the line of credit, which represent contributions from the noncontrolling interest, totaled $0.5 million as of December 26, 2025 and December 27, 2024 and are included in other noncurrent assets in our Consolidated Balance Sheets. On August 14, 2025, we announced our entrance into a joint venture with Iscol Investments S.A.S. (""Managro"") to invest and expand an avocado and lime packing house in Colombia. Prior to our formation of the joint venture, on March 25, 2025, we entered into a loan agreement with Managro pursuant to which we provided a secured two-year term loan of up to $1.0 million. For the first twelve months of the agreement, the loan bears interest at a rate of 7% per annum, with the applicable interest rate thereafter subject to adjustment mutually agreed upon both parties as defined in the agreement. The agreement requires interest only payments annually, with any outstanding balance and unpaid interest due at maturity on March 24, 2027. The loan may be prepaid at any time without penalty and is secured by a first-priority mo …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

"Business Segment Data We are principally engaged in the production, distribution and marketing of fresh and value-added products and bananas. Our products are sold in markets throughout the world and our major producing operations are located in North, Central and South America, Asia and Africa. 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 (which includes grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries and kiwis), other fruit and vegetables, avocados, and prepared foods (which includes 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 specialty ingredients business (previously referred to as 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 all …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"2. Summary of Significant Accounting Policies Cash and Cash Equivalents We classify as cash equivalents all highly liquid investments with a maturity of three months or less at the time of purchase. Trade Receivables Trade receivables less allowances are recognized on our accompanying Consolidated Balance Sheets at net realizable value, which reflects the net amount expected to be collected from customers. Our allowance for trade receivables consists of two components: a $16.8 million allowance for credit losses and a $21.4 million allowance for customer claims, which are accounted for under the scope of ASC 606 - Revenue Recognition . We estimate expected credit losses on our trade receivables in accordance with Accounting Standards Codification (ASC) 326 - Financial Instruments - Credit Losses . We perform ongoing credit evaluations of our customers and adjust credit limits based upon payment history and customers credit worthiness, as determined by our review of their current credit information. We measure the allowance for credit losses on trade receivables on a collective (pool) basis when similar risk characteristics exist. We generally pool our trade receivables based on geographic region or country to which the receivables relate. Receivables that do not share similar risk characteristics are evaluated for collectibility on an individual basis. Our historical credit loss experience provides the basis for our estimation of expected credit losses. We generally use a th …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

"Shareholders Equity Our shareholders have authorized 50,000,000 preferred shares at $0.01 par value, of which none are issued or outstanding at December 26, 2025, and 200,000,000 ordinary shares of common stock at $0.01 par value, of which 47,373,027 were issued and outstanding at December 26, 2025. On February 21, 2025, our Board of Directors approved a stock repurchase program (""Stock Repurchase Program"") of up to $150 million of our ordinary shares. During 2025, we repurchased 865,773 shares for $29.8 million under the Stock Repurchase Program. The Stock Repurchase Program has no expiration date and will continue until otherwise modified or terminated by the Company's Board of Directors at any time in its sole discretion. The below is a summary of the dividends paid per share for the years ended December 26, 2025 and December 27, 2024. These dividends were declared and paid within the same fiscal quarter. Year ended December 26, 2025 December 27, 2024 Dividend Payment Date Cash Dividend per Ordinary Share Dividend Payment Date Cash Dividend per Ordinary Share December 5, 2025 $ 0.30 December 6, 2024 $ 0.25 September 5, 2025 $ 0.30 September 6, 2024 $ 0.25 June 6, 2025 $ 0.30 June 7, 2024 $ 0.25 March 28, 2025 $ 0.30 March 29, 2024 $ 0.25 We paid $57.4 million in dividends during fiscal 2025 and $47.8 million during fiscal 2024. On February 17, 2026, our Board of Directors declared a cash dividend of thirty cents $0.30 per share, payable on March 27, 2026 to shareholders …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Subsequent Events On January 15, 2026, we were selected as the successful bidder by the United States Bankruptcy Court for the District of New Jersey (the Court) to acquire select assets of Del Monte Foods Corporation II Inc. and its affiliates (Del Monte Foods) for approximately $285 million plus the assumption of certain liabilities following a court-supervised bankruptcy auction process under Section 363 of the U.S. Bankruptcy Code. The Court subsequently approved the sale order and execution of an Asset Purchase Agreement (APA) on February 6, 2026. Under the APA, we will acquire i) the prepared and packaged foods businesses of Del Monte Foods comprising canned vegetable, tomato, and refrigerated fruit business assets operated under the Del Monte , S&W , Contadina , Take Root Organics trademarks, (ii) the bubble tea business operated under the Joyba trademarks, (iii) four US facilities, two facilities in Mexico, and one facility in Venezuela and (iv) global ownership of the Del Monte brand, which is subject to existing licensing arrangements across different regions and categories (the Acquisition). The APA also provides for the assumption of customer and supplier contracts as defined in the APA, as well as inventory at closing to help support uninterrupted service to the existing customer base. The Acquisition, which we expect to close during the first quarter of 2026, remains subject to regulatory clearances, including under the Hart-Scott-Rodino Act, and other custo …

SubsequentEventsTextBlock · excerpt; the full note is in the filing

"Acquisitions On February 6, 2026, we entered into an Asset Purchase Agreement (the ""APA"") to acquire select assets of Del Monte Foods Corporation II Inc. and its affiliates (""Del Monte Foods"") following a court-supervised bankruptcy auction process under Section 363 of the U.S. Bankruptcy Code which closed on March 19, 2026 (the ""Closing Date""). Per the terms of the APA, we acquired (i) the prepared and packaged foods businesses of Del Monte Foods comprising canned vegetable, tomato, and refrigerated fruit business assets operated under the Del Monte , S&W , Contadina , and Take Root Organics trademarks, (ii) the bubble tea business operated under the Joyba trademarks, (iii) four US facilities, two facilities in Mexico, and one facility in Venezuela and (iv) global ownership of the Del Monte brand, which is subject to existing licensing arrangements across different regions and categories (the Acquisition). The APA also provided for the acquisition of 100% of the voting interests of Del Monte Foods Mexico and South American subsidiaries (the ""Purchased Entities""), assumption of customer and supplier contracts as defined in the APA, as well as inventory at closing. The acquisition reunites the Del Monte brand under a single owner for the first time in nearly four decades, expanding our prepared foods business and aligning with our existing fresh business under a global strategy to expand household penetration and enhance operational efficiency, flexibility, and co …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

"Debt and Finance Lease Obligations The following is a summary of long-term debt and finance lease obligations (U.S. dollars in millions): June 26, 2026 December 26, 2025 Senior unsecured revolving credit facility (see Credit Facility below) $ 413.0 $ 173.0 Other long-term debt 1.6 Finance lease obligations 18.8 4.7 Total debt and finance lease obligations 433.4 177.7 Less: Current maturities (7.0) (1.5) Long-term debt and finance lease obligations $ 426.4 $ 176.2 Credit Facility On October 1, 2019, we entered into a Second Amended and Restated Credit Agreement (as amended, the Second A&R Credit Agreement) with Bank of America, N.A. as administrative agent and BofA Securities, Inc. as sole lead arranger and sole bookrunner and certain other lenders. The Second A&R Credit Agreement provided for a five-year, $0.9 billion syndicated senior unsecured revolving credit facility maturing on October 1, 2024. The Second A&R Credit Agreement was subsequently amended on December 30, 2022, to replace the Eurocurrency Rate with the Term Secured Overnight Financing Rate (""Term SOFR"" effective January 3, 2023. On February 21, 2024, we entered into Amendment No. 2 to the Second Amended and Restated Credit Agreement (the 2024 Amended Credit Facility) with Bank of America, N.A. as administrative agent and BofA Securities, Inc. as sole lead arranger and sole bookrunner and certain other lenders. The 2024 Amended Credit Facility provides for a five-year, $0.75 billion syndicated se …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Quarter ended June 26, 2026 June 27, 2025 Segments: Net Sales Cost of products sold Gross Profit Net Sales Cost of products sold Gross Profit Fresh and value-added products $ 569.3 $ 506.4 $ 62.9 $ 649.9 $ 574.7 $ 75.2 Banana 361.1 352.7 8.4 410.0 380.0 30.0 Prepared foods 236.1 191.5 44.6 72.7 63.0 9.7 Other products and services 52.6 47.2 5.4 49.9 44.7 5.2 Total $ 1,219.1 $ 1,097.8 $ 121.3 $ 1,182.5 $ 1,062.4 $ 120.1 Six months ended June 26, 2026 June 27, 2025 Segments: Net Sales Cost of products sold Gross Profit Net Sales Cost of products sold Gross Profit Fresh and value-added products $ 1,118.2 $ 995.5 $ 122.7 $ 1,262.1 $ 1,128.0 $ 134.1 Banana 718.3 693.4 24.9 773.7 726.9 46.8 Prepared foods 318.6 265.1 53.5 143.6 123.6 20.0 Other products and services 108.1 98.9 9.2 101.4 90.1 11.3 Total $ 2,263.2 $ 2,052.9 $ 210.3 $ 2,280.8 $ 2,068.6 $ 212.2

DisaggregationOfRevenueTableTextBlock

Share-Based Compensation We maintain various compensation plans for officers, other employees, and non-employee members of our Board of Directors. On June 2, 2022, our shareholders approved and ratified the 2022 Omnibus Share Incentive Plan (the 2022 Plan). The 2022 Plan allows us to grant equity-based compensation awards including restricted stock units (RSUs), performance stock units (PSUs), stock options, and restricted stock awards. The 2022 Plan replaces and supersedes the 2014 Omnibus Share Incentive Plan (the Prior Plan). No awards can be granted under the Prior Plan upon adoption of the 2022 Plan. Under the 2022 Plan, the Board of Directors is authorized to award up to (i) 2,800,000 ordinary shares plus (ii) any ordinary shares remaining available for future awards under the Prior Plan at the time of adoption (of which there were approximately 241,263) plus (iii) any ordinary shares with respect to awards and Prior Plan awards that are forfeited, canceled, expire unexercised, or are settled in cash following adoption of the 2022 Plan. Share-based compensation expense related to RSUs and PSUs is included in selling, general and administrative expenses in the accompanying Consolidated Statements of Operations and was comprised in the relevant periods as follows (U.S. dollars in millions): Quarter ended Six months ended June 26, 2026 June 27, 2025 June 26, 2026 June 27, 2025 RSUs/PSUs $ 2.6 $ 2.5 $ 5.1 $ 4.9 Restricted Stock Units and Performance Stock Units The followin …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

"Fair Value Measurements Fair Value of Derivative Instruments Our derivative assets or liabilities include foreign exchange that are measured at fair value using observable market inputs such as forward rates, interest rates, and our own credit risk as well as an evaluation of our counterparties' credit risks. We use an income approach to value our outstanding foreign currency, which consists of a discounted cash flow model that takes into account the present value of future cash flows under the terms of the contract using current market information as of the measurement date such as foreign currency spot rates, forward rates and interest rates. Additionally, we include an element of default risk based on observable inputs into the fair value calculation. Based on these inputs, the derivative assets or liabilities are classified within Level 2 of the valuation hierarchy. The following table provides a summary of the fair values of our derivative financial instruments measured on a recurring basis (U.S. dollars in millions): Foreign currency forward contracts, net asset (liability) June 26, 2026 December 26, 2025 Quoted prices in active markets for identical assets (Level 1) $ $ Significant observable inputs (Level 2) 9.6 (1.0) Significant unobservable inputs (Level 3) In estimating our fair value disclosures for financial instruments, we use the following methods and assumptions: Cash and cash equivalents: The carrying amount reported in the Consolidated Balance Sheets for th …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Income Taxes In connection with the examination of the tax returns in three foreign jurisdictions, the taxing authorities have issued income tax deficiencies related to transfer pricing aggregating approximately $275.9 million (including interest and penalties) for tax years 2012 through 2021. We strongly disagree with the proposed adjustments and have filed a protest with each of the taxing authorities. In one foreign jurisdiction, we are currently contesting tax assessments related to the 2012-2015 audit years and the 2016 audit year in both the administrative court and the judicial court. During 2019 and 2020, we filed actions contesting the tax assessment in the administrative office. Our initial challenge to each of these tax assessments was rejected, and we subsequently lost our appeals at the administrative court. We have subsequently filed actions to contest each of these tax assessments in the countrys judicial courts. In addition, we have filed a request for injunction to the judicial court to stay the tax authorities' collection efforts for these two tax assessments, pending final judicial decisions. The court granted our injunction with respect to the 2016 audit year, however denied our injunction with respect to the 2012-2015 audit years. We timely appealed the denial of the injunction, and on August 10, 2022 the appellate court overturned the denial and granted our injunction for the 2012-2015 audit years with a trial date set for July 4, 2025. During June 2025, …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"Commitments and Contingencies Kunia Well Site In 1980, elevated levels of certain chemicals were detected in the soil and ground-water at a plantation leased by one of our U.S. subsidiaries in Honolulu, Hawaii (the Kunia Well Site). In 2005, our subsidiary signed a Consent Decree (Consent Decree) with the Environmental Protection Agency (EPA) for the performance of the clean-up work for the Kunia Well Site. Based on findings from remedial investigations, our subsidiary coordinated with the EPA to evaluate the clean-up work required in accordance with the Consent Decree. On July 25, 2022, an Explanation of Significant Differences (ESD) for the Kunia Well Site was filed by the EPA, which formally transitioned the remedy for the Kunia Well Site to a Monitored Natural Attenuation (MNA), thereby reducing our potential liability. The revised estimate associated with the clean-up costs, and on which our accrual is based, is $3.2 million. As of June 26, 2026, $2.7 million was included in other noncurrent liabilities, and $0.5 million was included in accounts payable and accrued expenses in the Consolidated Balance Sheets for the Kunia Well Site clean-up. We expect to expend approximately $0.5 million in 2026, $0.2 million in 2027, $0.2 million in 2028, $0.1 million in 2029, $0.3 million in 2030, and $1.9 million thereafter. Value Added Tax (""VAT"") Receivables In connection with administrative delays in a jurisdiction in which we operate, we have incurred delays in the collection o …

LegalMattersAndContingenciesTextBlock · excerpt; the full note is in the filing

"New Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40) . This ASU amends Accounting Standards Codification (ASC) 220 to require additional disclosure of certain expense information on an annual and interim basis, including but not limited to the amounts of purchases of inventory, employee compensation and depreciation and intangible asset amortization included within each income statement expense caption, as applicable. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027 with early adoption permitted. ASU 2024-03 should be applied prospectively; however, retrospective application is permitted. We are currently evaluating the impact of the adoption of this ASU on our consolidated financial statements. In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (""ASU 2025-06"") . This ASU amends ASC 350 to now require entities to commence capitalizing eligible software costs when (i) management has authorized and committed to funding the software project, and (ii) it is probable that the project will be completed and the software will be used to perform the function intended. The new standard also supersedes the guidance rel …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Retirement and Other Employee Benefits The following table sets forth the net periodic benefit costs of our defined benefit pension plans and post-retirement benefit plans (U.S. dollars in millions): Quarter ended Six months ended June 26, 2026 June 27, 2025 June 26, 2026 June 27, 2025 Service cost $ 1.9 $ 1.6 $ 3.8 $ 3.2 Interest cost 4.1 1.9 6.0 3.8 Expected return on assets (3.1) (0.8) (3.8) (1.6) Amortization of net actuarial loss 0.1 0.1 0.2 0.2 Net periodic benefit costs $ 3.0 $ 2.8 $ 6.2 $ 5.6 We provide certain other retirement benefits to certain employees who are not U.S.-based and are not included above. Generally, benefits under these programs are based on an employees length of service and level of compensation. These programs are immaterial to our consolidated financial statements. The net periodic benefit costs related to other non-U.S. based plans is $0.6 million for the quarter ended June 26, 2026 and $0.5 million for the quarter ended June 27, 2025. The net periodic benefit costs related to other non-U.S. based plans is $1.2 million for the six months ended June 26, 2026 and $1.0 million for the six months ended June 27, 2025. Service costs are presented in the same line item in the Consolidated Statements of Operations as other compensation costs arising from services rendered by the employees during the period. With the exception of service cost, the other components of net periodic benefit costs (which include interest costs, expected return on assets and …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

"Business Segment Data During the first quarter of 2026, we realigned our reportable segments for financial reporting purposes to reflect changes in how we monitor business performance and allocate resources, including changes as a result of our acquisition of Del Monte Foods described in Note 3, "" Acquisitions"" . The change resulted in our internal reporting breaking out the results of our prepared foods business, which includes prepared fruit and vegetables, juices, other beverages, and meals and snacks, which was previously reported as a part of our fresh and value-added products reportable segment. The change in our reportable segments did not result in a change to our reporting units for purposes of goodwill impairment testing. Prior period amounts have been recast to conform to the current period presentation. As a result of the realignment noted above, our business is now comprised of four reportable segments, three of which represent our primary businesses of fresh and value-added products, prepared foods, banana and one that represents our other ancillary businesses. The business and assets acquired as part of our acquisition of Del Monte Foods is included in our prepared foods reporting segment. 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 a …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Shareholders Equity Our shareholders have authorized 50,000,000 preferred shares at $0.01 par value, of which none were issued or outstanding at June 26, 2026, and 200,000,000 ordinary shares at $0.01 par value, of which 47,146,218 were issued and outstanding at June 26, 2026. On February 21, 2025, our Board of Directors approved a stock repurchase program (""the Stock Repurchase Program"") of up to $150 million of our ordinary shares. During the six months ended June 26, 2026, we repurchased 565,213 shares for $20.0 million under the Stock Repurchase Program. The Stock Repurchase Program has no expiration date and will continue until otherwise modified or terminated by the Company's Board of Directors at any time in its sole discretion. The below is a summary of the dividends paid per share during the six months ended June 26, 2026 and June 27, 2025. These dividends were declared and paid within the same fiscal quarter. Six months ended June 26, 2026 June 27, 2025 Dividend Payment Date Cash Dividend per Ordinary Share Dividend Payment Date Cash Dividend per Ordinary Share June 11, 2026 $ 0.30 June 6, 2025 $ 0.30 March 27, 2026 $ 0.30 March 28, 2025 $ 0.30 We paid $28.5 million in dividends during the six months ended June 26, 2026 and $28.8 million in dividends during the six months ended June 27, 2025. On July 28, 2026, our Board of Directors declared a quarterly cash dividend of thirty cents $0.30 per share, payable on September 4, 2026, to shareholders of record on Augus …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing