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Subsequent Events
9 Months Ended
Apr. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events Subsequent Event
On May 30, 2023, we sold our Emerald nuts business for $40 million, subject to certain post-closing adjustments. We expect to recognize an after-tax loss on the sale of approximately $15 million as the carrying value of the disposal group will include allocated goodwill. In connection with the sale, we will provide certain transition services to support the business.
The business had net sales of $16 million and $46 million for the three- and nine-month periods ended April 30, 2023, and $17 million and $49 million for the three- and nine-month periods ended May 1, 2022, respectively. The business had net sales of $66 million for the year ended July 31, 2022. Earnings were not material in the periods. The results of the business through the date of sale are reflected within the Snacks reportable segment.