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Business Segment Information
9 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
Our financial results are presented as two reportable segments: Retail and Foodservice. Costs that are directly attributable to either Retail or Foodservice are charged directly to the appropriate segment. Costs that are deemed to be indirect, excluding corporate expenses and other unusual significant transactions, are allocated to the two reportable segments using a reasonable methodology that is consistently applied.
Retail - The vast majority of the products we sell in the Retail segment are sold through sales personnel, food brokers and distributors in the United States. We have products typically marketed in the shelf-stable section of the grocery store, which include licensed sauces and dressings, along with our own branded salad dressings and croutons. Within the frozen food section of the grocery store, we sell yeast rolls and garlic breads. We also have placement of products in grocery produce departments through our refrigerated salad dressings, licensed dressings, vegetable dips and fruit dips.
Foodservice - The vast majority of the products we sell in the Foodservice segment are sold through sales personnel, food brokers and distributors in the United States. Most of the products we sell in the Foodservice segment are custom-formulated sauces, salad dressings, frozen breads and yeast rolls. The majority of our Foodservice sales are products sold under private label to national chain restaurant accounts. We also manufacture and sell various branded Foodservice products to distributors. Finally, within this segment, for a period of up to twelve months commencing in March 2025, we are manufacturing and selling certain salad dressing and sauce products under a temporary supply agreement (“TSA”) resulting from the Atlanta plant acquisition.
As many of our products are similar between our two segments, our procurement, manufacturing, warehousing and distribution activities are substantially integrated across our operations in order to maximize efficiency and productivity. Consequently, we do not prepare, and our Chief Operating Decision Maker does not review, separate balance sheets for the reportable segments. As such, our external reporting does not include the presentation of identifiable assets by reportable segment. The composition of our identifiable assets at March 31, 2025 is generally consistent with that of June 30, 2024.
We evaluate our Retail and Foodservice segments based on net sales and operating income which follow:
 Three Months Ended 
March 31,
Nine Months Ended 
March 31,
 2025202420252024
Net Sales
Retail$241,532 $248,054 $761,855 $754,230 
Foodservice216,304 223,392 671,840 664,704 
Total$457,836 $471,446 $1,433,695 $1,418,934 
Operating Income
Retail$45,578 $47,313 $170,790 $159,958 
Foodservice28,111 24,334 82,744 78,112 
Nonallocated Restructuring and Impairment Charges (1)
 (12,137) (12,137)
Corporate Expenses(23,812)(24,364)(72,132)(68,258)
Total$49,877 $35,146 $181,402 $157,675 
(1)Reflects restructuring and impairment charges related to our decision to exit our perimeter-of-the-store bakery product lines; these charges were not allocated to our two reportable segments due to their unusual nature.
The following table sets forth net sales disaggregated by class of similar products for the Retail and Foodservice segments:
 Three Months Ended 
March 31,
Nine Months Ended 
March 31,
 2025202420252024
Retail
Shelf-stable dressings, sauces and croutons$116,690 $113,569 $321,299 $307,318 
Frozen breads84,218 82,459 297,379 283,785 
Refrigerated dressings, dips and other40,624 52,026 143,177 163,127 
Total Retail net sales$241,532 $248,054 $761,855 $754,230 
Foodservice
Dressings and sauces$159,957 $165,779 $497,894 $493,780 
Frozen breads and other54,284 57,613 171,883 170,924 
Other dressings and sauces for TSA2,063 — 2,063 — 
Total Foodservice net sales$216,304 $223,392 $671,840 $664,704 
Total net sales$457,836 $471,446 $1,433,695 $1,418,934 
The following table provides an additional disaggregation of Foodservice net sales by type of customer:
 Three Months Ended 
March 31,
Nine Months Ended 
March 31,
 2025202420252024
Foodservice
National accounts$166,082 $173,066 $517,814 $515,536 
Branded and other48,159 50,326 151,963 149,168 
Other dressings and sauces for TSA2,063 — 2,063 — 
Total Foodservice net sales$216,304 $223,392 $671,840 $664,704