XML 72 R51.htm IDEA: XBRL DOCUMENT
v3.25.2

Segment Information (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following tables set forth financial information about eac h of the Company’s reportable segment’s revenue, significant segment expenses and measure of segment profit or loss for the fiscal years ended June 30, 2025, 2024 and 2023. 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, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Net Sales: |  |  |  |  |  |  |  |  |
North America |  | $ | 888,626 |  |  | $ | 1,055,527 |  |  | $ | 1,139,162 |
International |  |  | 671,154 |  |  |  | 680,759 |  |  |  | 657,481 |
|  |  | 1,559,780 |  |  |  | 1,736,286 |  |  |  | 1,796,643 |
Cost of sales, adjusted to exclude restructuring activities: |  |  |  |  |  |  |  |  |
North America |  |  | (693,951 | ) |  |  | (816,680 | ) |  |  | (875,608 | )
International |  |  | (530,006 | ) |  |  | (529,812 | ) |  |  | (523,512 | )
|  |  | (1,223,957 | ) |  |  | (1,346,492 | ) |  |  | (1,399,120 | )
Marketing expense: |  |  |  |  |  |  |  |  |
North America |  |  | (41,462 | ) |  |  | (45,294 | ) |  |  | (45,830 | )
International |  |  | (18,760 | ) |  |  | (18,355 | ) |  |  | (17,833 | )
|  |  | (60,222 | ) |  |  | (63,649 | ) |  |  | (63,663 | )
Other selling, general and administrative expenses, adjusted to exclude restructuring activities and depreciation and amortization: |  |  |  |  |  |  |  |  |
North America |  |  | (102,867 | ) |  |  | (112,728 | ) |  |  | (117,277 | )
International |  |  | (64,323 | ) |  |  | (64,514 | ) |  |  | (62,708 | )
|  |  | (167,190 | ) |  |  | (177,242 | ) |  |  | (179,985 | )
Depreciation and amortization and other adjustments: |  |  |  |  |  |  |  |  |
North America |  |  | 15,124 |  |  |  | 17,903 |  |  |  | 22,996 |
International |  |  | 27,935 |  |  |  | 26,896 |  |  |  | 29,517 |
|  |  | 43,059 |  |  |  | 44,799 |  |  |  | 52,513 |
Segment Adjusted EBITDA: |  |  |  |  |  |  |  |  |
North America |  |  | 65,470 |  |  |  | 98,728 |  |  |  | 123,443 |
International |  |  | 86,000 |  |  |  | 94,974 |  |  |  | 82,945 |
Total Reportable Segments Adjusted EBITDA |  |  | 151,470 |  |  |  | 193,702 |  |  |  | 206,388 |
Corporate and Other |  |  | (37,681 | ) |  |  | (39,180 | ) |  |  | (39,766 | )
|  |  | 113,789 |  |  |  | 154,522 |  |  |  | 166,622 |
Depreciation and amortization |  |  | (44,259 | ) |  |  | (44,665 | ) |  |  | (50,777 | )
Equity in net loss of equity-method investees |  |  | (1,813 | ) |  |  | (2,581 | ) |  |  | (1,134 | )
Interest expense, net |  |  | (47,773 | ) |  |  | (54,232 | ) |  |  | (43,936 | )
(Provision) benefit for income taxes |  |  | (15,297 | ) |  |  | 7,820 |  |  |  | 14,178 |
Stock-based compensation, net |  |  | (8,149 | ) |  |  | (12,704 | ) |  |  | (14,423 | )
Unrealized and certain realized currency losses |  |  | (3,823 | ) |  |  | (17 | ) |  |  | (929 | )
Certain litigation expenses, net(a) |  |  | (3,473 | ) |  |  | (7,262 | ) |  |  | 1,369 |
Restructuring activities |  |  |  |  |  |  |  |  |
Productivity and transformation costs |  |  | (21,530 | ) |  |  | (27,741 | ) |  |  | (7,284 | )
Plant closure related costs, net |  |  | (1,215 | ) |  |  | (5,251 | ) |  |  | (94 | )
Warehouse/manufacturing consolidation and other costs, net |  |  | (384 | ) |  |  | (995 | ) |  |  | (1,026 | )
CEO succession |  |  | (4,774 | ) |  |  | — |  |  |  | (5,113 | )
Acquisitions, divestitures and other |  |  |  |  |  |  |  |  |
Gain (loss) on sale of assets |  |  | 3,194 |  |  |  | (4,384 | ) |  |  | 3,529 |
Transaction and integration costs, net |  |  | 488 |  |  |  | 34 |  |  |  | (2,018 | )
Impairment charges |  |  |  |  |  |  |  |  |
Goodwill impairment |  |  | (428,882 | ) |  |  | — |  |  |  | — |
Intangibles and long-lived asset impairment |  |  | (66,940 | ) |  |  | (76,143 | ) |  |  | (175,501 | )
Other |  |  | — |  |  |  | (1,443 | ) |  |  | — |
Net loss |  | $ | (530,841 | ) |  | $ | (75,042 | ) |  | $ | (116,537 | )
(a) Expenses and items relating to securities class action, baby food litigation and SEC investigation.
Schedule of Net Sales by Geographic Region |
|  | Fiscal Year Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Snacks |  | $ | 371,012 |  |  | $ | 463,261 |  |  | $ | 486,411 |
Baby & Kids |  |  | 241,553 |  |  |  | 252,481 |  |  |  | 284,834 |
Beverages |  |  | 245,147 |  |  |  | 253,008 |  |  |  | 239,199 |
Meal Preparation |  |  | 639,506 |  |  |  | 662,116 |  |  |  | 653,114 |
Personal Care |  |  | 62,562 |  |  |  | 105,420 |  |  |  | 133,085 |
|  | $ | 1,559,780 |  |  | $ | 1,736,286 |  |  | $ | 1,796,643 |
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, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
United States |  | $ | 777,605 |  |  | $ | 940,367 |  |  | $ | 1,025,988 |
United Kingdom |  |  | 492,046 |  |  |  | 497,150 |  |  |  | 477,400 |
Western Europe |  |  | 179,108 |  |  |  | 183,609 |  |  |  | 180,080 |
Canada |  |  | 111,021 |  |  |  | 115,160 |  |  |  | 113,175 |
|  | $ | 1,559,780 |  |  | $ | 1,736,286 |  |  | $ | 1,796,643 |
Schedule of Long Lived Assets, by Geographic Region | The Company’s long-lived assets, which primarily represent property, plant and equipment, net and operating lease right-of-use assets, net by geographic region are as follows:
|  | Fiscal Year Ended June 30, |
|  | 2025 |  |  | 2024 |
United States |  | $ | 129,558 |  |  | $ | 137,398 |
United Kingdom |  |  | 129,799 |  |  |  | 125,945 |
Western Europe |  |  | 65,491 |  |  |  | 66,785 |
Canada |  |  | 11,053 |  |  |  | 18,236 |
|  | $ | 335,901 |  |  | $ | 348,364 |

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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