v3.25.4

SEGMENT INFORMATION | 3 Months Ended
--- | ---
Dec. 28, 2025
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION The Company is a diversified global branded consumer products company managed through three product-focused reporting segments: (i) GPC, which consists of the Company’s global pet care business; (ii) H&G, which consists of the Company’s home and garden, insect control and cleaning products business; and (iii) HPC, which consists of the Company’s global small kitchen and personal care appliances business. The Company identifies its segments as those operations whose results the Chief Operating Decision Maker ("CODM"), recognized as the Company's Chief Executive Officer, regularly reviews for making operating decisions, allocating capital and resources amongst the operations, and assessing performance as the source of its reportable segments. Global strategic initiatives and financial objectives for each reportable segment are determined at the corporate level. Each segment is responsible for implementing defined strategic initiatives and achieving certain financial objectives and has a president responsible for the sales and marketing initiatives and financial results for product lines within the segment. The CODM of the Company uses Adjusted EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) as the primary operating metric in evaluating the business and making operating decisions. EBITDA is calculated by excluding the Company’s income tax expense, interest expense, depreciation expense and amortization expense (from intangible assets) from net income from continuing operations. Adjusted EBITDA also excludes certain non-cash adjustments including share based compensation, impairment charges on property, plant and equipment, operating and finance lease assets, and goodwill and other intangible assets; gain or loss from the early extinguishment of debt; and purchase accounting adjustments recognized in income subsequent to an acquisition attributable to the step in value on assets acquired. Additionally, the Company will further recognize adjustments from Adjusted EBITDA for other costs, gains and losses that are considered significant, non-recurring, or otherwise not supporting the continuing operations and revenue generating activity of the segment or Company, including but not limited to, exit and disposal activities or incremental costs associated with strategic transactions, restructuring and optimization initiatives such as the acquisition or divestiture of a business, related integration or separation costs, or the development and implementation of strategies to optimize or restructure the Company and its operations. Segment net sales consists of revenue generated by contracts with external customers for the sale of products and services. The Company does not have any significant or material intrasegment revenues. See Note 2 - Revenue Recognition and Receivables for further breakdown of revenue by segment. The segments are supported through center-led corporate shared service operations which are enabling functions to the segments consisting of finance and accounting, information technology, legal and human resource, supply chain and commercial operations. Costs attributable to such shared service operations are allocated to the segments based upon various metrics which are considered representative to the use and support provided by such enabling functions to each of the segments. From time to time, the Company may revise the measurement of overhead allocations and presentation of significant expenses, as determined by the information regularly reviewed by its CODM. The Company has not included the results from discontinued operations within the following segment reporting when the discontinued operations were previously reported as a segment in any prior period. Indirect costs from shared enabling functions supporting discontinued operations during the fiscal periods of the Company’s ownership of the divested segment, prior to the completion of the divestiture, are excluded from the reporting of income (loss) from discontinued operations and included within the income (loss) for continuing operations as they are not direct costs of the disposal group. The indirect costs are considered unallocated shared service costs and not allocated across the remaining segments of the Company during the respective periods. The Company also incurs costs attributable to corporate functions such as tax, treasury, internal audit, corporate finance, legal and corporate executive and board related governance costs, which are considered corporate costs of the Company and not allocated to the segments. Interest costs attributable to external borrowings, including finance leases, are not recognized or allocated to segments. Interest income is generally not recognized or allocated to segments. NOTE 13 - SEGMENT INFORMATION (continued) Financial information for the Company's segments, including net sales, significant expenses and reconciliation of Segment Adjusted EBITDA to Income from Continuing Operations Before Income Taxes for the three month periods ended December 28, 2025, and December 29, 2024 are as follows:
|  | December 28, 2025 |  | December 29, 2024
(in millions) |  | GPC |  | H&G |  | HPC |  | Total |  | GPC |  | H&G |  | HPC |  | Total
Net sales |  | $ | 281.6 |  |  | $ | 73.9 |  |  | $ | 321.5 |  |  | $ | 677.0 |  |  | $ | 260.0 |  |  | $ | 92.1 |  |  | $ | 348.1 |  |  | $ | 700.2 |
Cost of goods sold |  | 174.5 |  |  | 43.8 |  |  | 217.1 |  |  | 435.4 |  |  | 153.2 |  |  | 56.7 |  |  | 232.6 |  |  | 442.5 |
Selling, general & administrative |  | 66.9 |  |  | 30.6 |  |  | 89.8 |  |  | 187.3 |  |  | 63.2 |  |  | 31.0 |  |  | 90.9 |  |  | 185.1 |
Other non-operating expense, net |  | 0.2 |  |  | — |  |  | (0.1) |  |  | 0.1 |  |  | 0.5 |  |  | — |  |  | 3.0 |  |  | 3.5 |
Addback: depreciation & amortization |  | 9.0 |  |  | 5.0 |  |  | 6.0 |  |  | 20.0 |  |  | 8.4 |  |  | 4.9 |  |  | 5.1 |  |  | 18.4 |
Segment Adjusted EBITDA |  | $ | 49.0 |  |  | $ | 4.5 |  |  | $ | 20.7 |  |  | 74.2 |  |  | $ | 51.5 |  |  | $ | 9.3 |  |  | $ | 26.7 |  |  | 87.5 |
Interest expense |  |  |  |  |  |  |  | 6.8 |  |  |  |  |  |  |  |  | 6.2 |
Depreciation |  |  |  |  |  |  |  | 15.6 |  |  |  |  |  |  |  |  | 14.0 |
Amortization |  |  |  |  |  |  |  | 10.2 |  |  |  |  |  |  |  |  | 10.5 |
Corporate costs |  |  |  |  |  |  |  | 12.2 |  |  |  |  |  |  |  |  | 12.3 |
Interest income |  |  |  |  |  |  |  | (0.6) |  |  |  |  |  |  |  |  | (2.6) |
Share-based compensation |  |  |  |  |  |  |  | 4.3 |  |  |  |  |  |  |  |  | 4.7 |
Non-cash impairment charges |  |  |  |  |  |  |  | 0.5 |  |  |  |  |  |  |  |  | — |
Exit and disposal costs |  |  |  |  |  |  |  | 1.1 |  |  |  |  |  |  |  |  | 0.5 |
Global ERP transformation 1 |  |  |  |  |  |  |  | 2.4 |  |  |  |  |  |  |  |  | 2.5 |
Litigation charges 2 |  |  |  |  |  |  |  | 0.9 |  |  |  |  |  |  |  |  | 0.8 |
Other 3 |  |  |  |  |  |  |  | 0.3 |  |  |  |  |  |  |  |  | 2.2 |
Income from continuing operations before income taxes |  |  |  |  |  |  |  | $ | 20.5 |  |  |  |  |  |  |  |  | $ | 36.4 |
________________________________________ 1 Costs attributable to a multi-year transformation project to upgrade and implement our enterprise-wide operating systems to SAP S/4 HANA on a global basis, including project management and professional services for planning, design, and business process review that do not qualify as software configuration and implementation costs recognized as capital expenditures or deferred costs under applicable accounting principles. The Company had recently extended the project to include its HPC segment and anticipates costs to be incurred through further deployments through calendar year 2026. 2 Litigation costs are associated with the Company's cost to facilitate various ongoing litigation matters associated with the Tristar Business acquisition in Fiscal 2023, as previously discussed in our 2025 Annual Report. 3 Other is attributable to other project costs associated with previous strategic separation initiatives, distribution center transitions and key executive severance costs. NOTE 13 - SEGMENT INFORMATION (continued) Depreciation and amortization relating to the segments are as follows for the three month periods ended December 28, 2025 and December 29, 2024 :
(in millions) |  | December 28, 2025 |  | December 29, 2024 |  |  |  |
GPC |  | $ | 9.0 |  |  | $ | 8.4 |  |  |  |  |
H&G |  | 5.0 |  |  | 4.9 |  |  |  |  |
HPC |  | 6.0 |  |  | 5.1 |  |  |  |  |
Total segments |  | 20.0 |  |  | 18.4 |  |  |  |  |
Corporate and shared operations |  | 5.8 |  |  | 6.1 |  |  |  |  |
Total depreciation and amortization |  | $ | 25.8 |  |  | $ | 24.5 |  |  |  |  |
Segment assets consist of Inventories, net. The following is a summary of segment assets and a reconciliation of segment assets to total assets of the Company were as follows as of December 28, 2025 and September 30, 2025:
Segment assets (in millions) |  | December 28, 2025 |  | September 30, 2025
GPC |  | $ | 147.9 |  |  | $ | 161.4 |
H&G |  | 138.4 |  |  | 92.2 |
HPC |  | 164.5 |  |  | 192.5 |
Total segment assets |  | 450.8 |  |  | 446.1 |
Other current assets |  | 750.0 |  |  | 738.1 |
Non-current assets |  | 2,222.1 |  |  | 2,195.4 |
Total assets |  | $ | 3,422.9 |  |  | $ | 3,379.6 |
Geographic Financial Information Net sales by geographic regions (based upon destination) for the three month periods ended December 28, 2025 and December 29, 2024 are as follows:
Net sales to external parties - Geographic Disclosure (in millions) |  | December 28, 2025 |  | December 29, 2024 |  |  |  |
United States |  | $ | 338.9 |  |  | $ | 360.0 |  |  |  |  |
Europe/MEA |  | 247.2 |  |  | 256.8 |  |  |  |  |
Latin America |  | 55.2 |  |  | 43.7 |  |  |  |  |
Asia-Pacific |  | 24.1 |  |  | 26.0 |  |  |  |  |
North America - Other |  | 11.6 |  |  | 13.7 |  |  |  |  |
Net sales |  | $ | 677.0 |  |  | $ | 700.2 |  |  |  |  |
Long-lived asset information, consisting of Property Plant and Equipment, Net, and Operating Lease Assets, for the three month periods ended December 28, 2025 and September 30, 2025 by geographic area are as follows:
Long-lived assets - Geographic Disclosure (in millions) |  | December 28, 2025 |  | September 30, 2025
United States |  | $ | 306.4 |  |  | $ | 270.9 |
Europe/MEA |  | 46.3 |  |  | 49.2 |
Latin America |  | 2.1 |  |  | 2.1 |
North America - Other |  | 4.3 |  |  | 4.7 |
Asia-Pacific |  | 1.4 |  |  | 1.6 |
Total long-lived assets |  | $ | 360.5 |  |  | $ | 328.5 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration