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Business Segment Information (Tables) | 12 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Disaggregation Of Net Sales By Class Of Similar Products | The following table sets forth net sales disaggregated by class of similar products for the Retail and Foodservice segments in each of the years ended June 30:
| 2024 |  | 2023 |  | 2022
Retail |  |  |  |  |
Shelf-stable dressings, sauces and croutons | $ | 424,605 |  |  | $ | 422,646 |  |  | $ | 375,031 |
Frozen breads | 351,063 |  |  | 343,450 |  |  | 331,812 |
Refrigerated dressings, dips and other | 212,756 |  |  | 199,274 |  |  | 208,367 |
Total Retail net sales | $ | 988,424 |  |  | $ | 965,370 |  |  | $ | 915,210 |
Foodservice |  |  |  |  |
Dressings and sauces | $ | 660,460 |  |  | $ | 642,153 |  |  | $ | 574,264 |
Frozen breads and other | 222,875 |  |  | 215,004 |  |  | 186,916 |
Total Foodservice net sales | $ | 883,335 |  |  | $ | 857,157 |  |  | $ | 761,180 |
Total net sales | $ | 1,871,759 |  |  | $ | 1,822,527 |  |  | $ | 1,676,390 |
Disaggregation Of Foodservice Net Sales By Type Of Customer | The following table provides an additional disaggregation of Foodservice net sales by type of customer in each of the years ended June 30:
| 2024 |  | 2023 |  | 2022 |  |  |  |
Foodservice |  |  |  |  |  |  |  |  |
National accounts | $ | 692,340 |  |  | $ | 676,665 |  |  | $ | 588,955 |  |  |  |  |
Branded and other | 190,995 |  |  | 180,492 |  |  | 172,225 |  |  |  |  |
Total Foodservice net sales | $ | 883,335 |  |  | $ | 857,157 |  |  | $ | 761,180 |  |  |  |  |
Summary Of Financial Information Attributable To Reportable Segments | The following sets forth certain additional financial information attributable to our reportable segments, certain amounts not allocated among our reportable segments and amounts retained at the corporate level for the years ended June 30:
| 2024 |  | 2023 |  | 2022
Net Sales (1) (2) |  |  |  |  |
Retail | $ | 988,424 |  |  | $ | 965,370 |  |  | $ | 915,210 |
Foodservice | 883,335 |  |  | 857,157 |  |  | 761,180 |
Total | $ | 1,871,759 |  |  | $ | 1,822,527 |  |  | $ | 1,676,390 |
Operating Income (2) |  |  |  |  |
Retail | $ | 207,660 |  |  | $ | 139,464 |  |  | $ | 151,627 |
Foodservice | 97,094 |  |  | 106,349 |  |  | 82,745 |
Nonallocated Restructuring and Impairment Charges (3) | (14,874) |  |  | — |  |  | (25,507) |
Corporate Expenses (4) | (90,517) |  |  | (104,305) |  |  | (96,954) |
Total | $ | 199,363 |  |  | $ | 141,508 |  |  | $ | 111,911 |
Identifiable Assets (1) (5) |  |  |  |  |
Retail & Foodservice (6) | $ | 1,015,454 |  |  | $ | 984,341 |  |  | $ | 1,017,055 |
Corporate | 191,477 |  |  | 128,653 |  |  | 73,319 |
Total | $ | 1,206,931 |  |  | $ | 1,112,994 |  |  | $ | 1,090,374 |
Payments for Property Additions |  |  |  |  |
Retail & Foodservice (6) | $ | 65,629 |  |  | $ | 89,475 |  |  | $ | 130,502 |
Corporate | 1,947 |  |  | 706 |  |  | 1,470 |
Total | $ | 67,576 |  |  | $ | 90,181 |  |  | $ | 131,972 |
Depreciation and Amortization |  |  |  |  |
Retail & Foodservice (6) | $ | 51,386 |  |  | $ | 47,001 |  |  | $ | 42,902 |
Corporate | 4,510 |  |  | 4,209 |  |  | 2,978 |
Total | $ | 55,896 |  |  | $ | 51,210 |  |  | $ | 45,880 |
(1)Net sales and long-lived assets are predominately domestic. (2)All intercompany transactions have been eliminated. (3)Reflects restructuring and impairment charges related to (i) our decision to exit our perimeter-of-the-store bakery product lines in 2024, (ii) the Bantam business in 2022 and (iii) a facility closure in 2022. These charges were not allocated to our two reportable segments due to their unusual nature. (4)Our Corporate Expenses include various expenses of a general corporate nature, expenditures for Project Ascent and costs related to certain divested or closed nonfood operations. These costs have not been allocated to the Retail and Foodservice segments. (5)Retail and Foodservice identifiable assets include those assets used in our operations and other intangible assets allocated to purchased businesses, most notably goodwill. The increase in Retail and Foodservice identifiable assets from June 30, 2023 to June 30, 2024 reflects a new operating lease right-of-use asset for a warehouse in Union City, Georgia. The decrease in Retail and Foodservice identifiable assets from June 30, 2022 to June 30, 2023 reflects a decline in intangible assets due to impairment charges and lower receivables balances due to the impact of advance customer orders in the prior year ahead of our ERP go-live, as partially offset by property additions due to a capacity expansion project. Corporate assets consist principally of cash and equivalents. The increase in Corporate assets from June 30, 2023 to June 30, 2024 reflects higher cash and equivalents. The increase in Corporate assets from June 30, 2022 to June 30, 2023 reflects the increase in cash and equivalents as well as prepaid income taxes. (6)As discussed above, we do not present identifiable assets, payments for property additions or depreciation and amortization by reportable segment.
Net Sales To Major Customers | Retail segment net sales attributable to Walmart Inc. (“Walmart”) and Foodservice segment net sales attributable to McLane Company, Inc. (“McLane”), a wholesale distribution subsidiary of Berkshire Hathaway, Inc., for each of the years ended June 30 were as follows:
| 2024 |  | 2023 |  | 2022
Net sales to Walmart | $ | 338,764 |  |  | $ | 323,718 |  |  | $ | 293,684 |
As a percentage of consolidated net sales | 18 | % |  | 18 | % |  | 18 | %
Net sales to McLane | $ | 147,242 |  |  | $ | 205,264 |  |  | $ | 188,717 |
As a percentage of consolidated net sales | 8 | % |  | 11 | % |  | 11 | %
Percentage Of Receivables Due From Major Customers | Accounts receivable attributable to Walmart and McLane at June 30 as a percentage of consolidated accounts receivable were as follows:
| 2024 |  | 2023
Walmart | 28 | % |  | 29 | %
McLane | 4 | % |  | 9 | %

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