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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Reported Segment Revenue, Profit or Loss and Significant Segment Expenses | Reported segment revenue, segment profit or loss, and significant segment expenses are as follows:
|  |  | Three Months Ended March 31,
|  |  | 2025 |  | 2024
Net sales |  |  | $ | 792.0 |  |  | $ | 820.7 |
Cost of sales |  |  | 676.8 |  |  | 708.7 |
Selling, distribution, general, and administrative: |  |  |  |  |
Freight out and commissions |  |  | 26.0 |  |  | 31.8 |
Direct selling, general, and administrative |  |  | 18.1 |  |  | 10.1 |
Corporate selling, general, and administrative |  |  | 48.0 |  |  | 56.8 |
Amortization expense |  |  | 13.1 |  |  | 12.1 |
Other operating expense, net | (1) |  |  | 15.5 |  |  | 6.4 |
Total other expense | (2) |  |  | 38.1 |  |  | 10.1 |
Income tax benefit |  |  | (11.8) |  |  | (3.6) |
Net loss |  |  | $ | (31.8) |  |  | $ | (11.7) |
(1)Other operating expense, net includes other segment items, primarily including expenses related to Restructuring programs. Refer to Note 3 to our Condensed Consolidated Financial Statements for additional information. (2)Total other expense includes other segment items, primarily including interest expense, interest income, loss on extinguishment of debt, foreign currency exchange, and mark-to-market adjustments on derivatives.
Schedule of Segment Revenue Disaggregated by Product Category and Sales Channel | Revenue disaggregated by product category groups is as follows:
|  | Three Months Ended March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
|  | (In millions) |  |
Snacking |  | $ | 265.5 |  |  | $ | 314.8 |  |  |  |  |
Beverages & drink mixes |  | 303.1 |  |  | 267.7 |  |  |  |  |
Grocery |  | 223.4 |  |  | 238.2 |  |  |  |  |
Total net sales |  | $ | 792.0 |  |  | $ | 820.7 |  |  |  |  |
Revenue disaggregated by sales channel is as follows:
|  | Three Months Ended March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
|  | (In millions) |  |
Retail grocery |  | $ | 624.4 |  |  | $ | 649.9 |  |  |  |  |
Co-manufacturing |  | 91.4 |  |  | 100.0 |  |  |  |  |
Food-away-from-home and other |  | 76.2 |  |  | 70.8 |  |  |  |  |
Total net sales |  | $ | 792.0 |  |  | $ | 820.7 |  |  |  |  |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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