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Acquisitions, Divestures and Investments | 12 Months Ended
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Sep. 27, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Acquisitions, Divestures and Investments | Acquisitions, Divestitures and Investments Fiscal 2025 The Company did not make any material acquisitions in fiscal 2025. Fiscal 2024 On November 3, 2023, the Company acquired TDBBS, LLC (“TDBBS”), a provider of premium natural dog chews and treats for approximately $60 million. The addition of TDBBS expands Central’s portfolio with bully and collagen sticks, bones and jerky, adds scale to its dog and cat business and enhances Central’s eCommerce and direct-to-consumer capabilities. The purchase price exceeded the estimated fair value of the net tangible assets acquired by approximately $45 million, of which $23 million was allocated to identified intangible assets and approximately $5 million was included in goodwill. Financial results of TDBBS have been included in the results of operations within the Pet segment since the date of acquisition. The following table summarizes the purchase price and recording of fair values of the assets acquired and liabilities assumed as of the acquisition date and subsequent adjustments.
| Amounts Previously Recognized as of Acquisition Date (1) |  | Measurement Period Adjustments |  | Amounts Recognized as of Acquisition Date (as Adjusted)
| (in thousands)
Current assets, net of cash and cash equivalents acquired | $ | 21,831 |  |  | $ | 1,137 |  |  | $ | 22,968 |
Fixed assets | 2,369 |  |  | — |  |  | 2,369 |
Goodwill | — |  |  | 4,925 |  |  | 4,925 |
Other assets | 44,891 |  |  | (44,891) |  |  | — |
Operating lease right-of-use assets | 3,956 |  |  | — |  |  | 3,956 |
Deferred tax assets | — |  |  | 15,859 |  |  | 15,859 |
Other intangible assets, net | — |  |  | 22,970 |  |  | 22,970 |
Current liabilities | (9,094) |  |  | — |  |  | (9,094) |
Long-term lease liabilities | (3,727) |  |  | — |  |  | (3,727) |
Net assets acquired, less cash and cash equivalents | $ | 60,226 |  |  | $ | — |  |  | $ | 60,226 |
(1) As previously reported in the Company's Form 10-Q for the period ended June 29, 2024. The impact to the consolidated statement of operations associated with the finalization of purchase accounting and true-up of intangible assets for TDBBS was immaterial. Proforma financial information has not been presented as the TDBBS acquisition was not considered material to the Company's overall consolidated financial statements during the periods presented. Fiscal 2023 The Company did not make any acquisitions in fiscal 2023. Divestiture Sale of Garden Segment Independent Distribution Business In the fourth quarter of fiscal 2023, the Company sold its independent garden center distribution business for approximately $20 million for inventory and the related customer data. Associated with the sale, the Company closed one facility and part of another facility due to excess space previously dedicated to serving the independent garden channel. As a result of these closures, the Company recorded a gain of $5.8 million which is net of the inventory sold, inventory transport costs and the associated facility closure costs, including severance. The gain was recorded as part of selling, general and administrative expenses. Investments During fiscal year 2025, the Company did not record any new investments or impairments. During fiscal 2024, the Company recorded an investment impairment totaling $7.5 million for two related private company investments. During fiscal 2023, the Company converted a SAFE note totaling $0.9 million into shares, acquiring a 6% interest, which is accounted for in accordance with ASC 321.

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