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Segment Information (Tables) | 12 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following tables set forth financial information about each of the Company’s reportable segments. Information about total assets by segment is not disclosed because such information is not reported to or used by the Company’s CODM for purposes of assessing segment performance or allocating resources. Transactions between reportable segments were insignificant for all periods presented.
|  | Fiscal Year Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Net Sales: |  |  |  |  |  |  |  |  |
North America |  | $ | 1,055,527 |  |  | $ | 1,139,162 |  |  | $ | 1,163,132 |
International |  |  | 680,759 |  |  |  | 657,481 |  |  |  | 728,661 |
|  | $ | 1,736,286 |  |  | $ | 1,796,643 |  |  | $ | 1,891,793 |
Segment Adjusted EBITDA: |  |  |  |  |  |  |  |  |
North America |  | $ | 98,728 |  |  | $ | 123,443 |  |  | $ | 122,235 |
International |  |  | 94,974 |  |  |  | 82,945 |  |  |  | 110,073 |
Total Reportable Segments Adjusted EBITDA |  |  | 193,702 |  |  |  | 206,388 |  |  |  | 232,308 |
Corporate and Other |  |  | (39,180 | ) |  |  | (39,766 | ) |  |  | (31,692 | )
|  |  | 154,522 |  |  |  | 166,622 |  |  |  | 200,616 |
Depreciation and amortization |  |  | (44,665 | ) |  |  | (50,777 | ) |  |  | (46,849 | )
Equity in net loss of equity-method investees |  |  | (2,581 | ) |  |  | (1,134 | ) |  |  | (2,902 | )
Interest expense, net |  |  | (54,232 | ) |  |  | (43,936 | ) |  |  | (10,226 | )
Benefit (provision) for income taxes |  |  | 7,820 |  |  |  | 14,178 |  |  |  | (22,716 | )
Stock-based compensation, net |  |  | (12,704 | ) |  |  | (14,423 | ) |  |  | (15,611 | )
Unrealized currency (losses) gains |  |  | (17 | ) |  |  | (929 | ) |  |  | 2,259 |
Certain litigation expenses, net(a) |  |  | (7,262 | ) |  |  | 1,369 |  |  |  | (7,687 | )
Restructuring activities |  |  |  |  |  |  |  |  |
Productivity and transformation costs |  |  | (27,741 | ) |  |  | (7,284 | ) |  |  | (8,803 | )
Plant closure related costs, net |  |  | (5,251 | ) |  |  | (94 | ) |  |  | (929 | )
Warehouse/manufacturing consolidation and other costs, net |  |  | (995 | ) |  |  | (1,026 | ) |  |  | (2,721 | )
CEO succession |  |  | — |  |  |  | (5,113 | ) |  |  | — |
Acquisitions, divestitures and other |  |  |  |  |  |  |  |  |
Transaction and integration costs, net |  |  | 34 |  |  |  | (2,018 | ) |  |  | (14,055 | )
(Loss) gain on sale of assets |  |  | (4,384 | ) |  |  | 3,529 |  |  |  | 9,049 |
Impairment charges |  |  |  |  |  |  |  |  |
Intangibles and long-lived asset impairment |  |  | (76,143 | ) |  |  | (175,501 | ) |  |  | (1,903 | )
Other |  |  | (1,443 | ) |  |  | — |  |  |  | 351 |
Net (loss) income |  | $ | (75,042 | ) |  | $ | (116,537 | ) |  | $ | 77,873 |
(a) Expenses and items relating to securities class action, baby food litigation and SEC investigation. The Company’s net sales by product category are as follows:
|  | Fiscal Year Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Snacks |  | $ | 463,261 |  |  | $ | 486,411 |  |  | $ | 462,573 |
Baby & Kids |  |  | 252,481 |  |  |  | 284,834 |  |  |  | 281,018 |
Beverages |  |  | 253,008 |  |  |  | 239,199 |  |  |  | 292,514 |
Meal preparation |  |  | 662,116 |  |  |  | 653,114 |  |  |  | 676,683 |
Personal care |  |  | 105,420 |  |  |  | 133,085 |  |  |  | 179,005 |
|  | $ | 1,736,286 |  |  | $ | 1,796,643 |  |  | $ | 1,891,793 |
Schedule of Net Sales by Geographic Region | The Company’s net sales by geographic region, which are generally based on the location of the Company’s subsidiary, are as follows:
|  | Fiscal Year Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
United States |  | $ | 940,367 |  |  | $ | 1,025,988 |  |  | $ | 1,037,082 |
United Kingdom |  |  | 497,150 |  |  |  | 477,400 |  |  |  | 500,949 |
Western Europe |  |  | 183,609 |  |  |  | 180,080 |  |  |  | 227,712 |
Canada |  |  | 115,160 |  |  |  | 113,175 |  |  |  | 126,050 |
|  | $ | 1,736,286 |  |  | $ | 1,796,643 |  |  | $ | 1,891,793 |
Schedule of Long Lived Assets, by Geographic Region | The Company’s long-lived assets, which primarily represent net property, plant and equipment, net and operating lease right-of-use assets, net by geographic region are as follows:
|  | Fiscal Year Ended June 30, |
|  | 2024 |  |  | 2023 |
United States |  | $ | 137,398 |  |  | $ | 162,798 |
United Kingdom |  |  | 125,945 |  |  |  | 134,908 |
Western Europe |  |  | 66,785 |  |  |  | 72,016 |
Canada |  |  | 18,236 |  |  |  | 22,497 |
|  | $ | 348,364 |  |  | $ | 392,219 |

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