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Segment Information (Tables) | 6 Months Ended
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Dec. 31, 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.
|  | Three Months Ended December 31, |  |  | Six Months Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 229,289 |  |  | $ | 267,671 |  |  | $ | 460,429 |  |  | $ | 527,725 |
International |  |  | 182,196 |  |  |  | 186,429 |  |  |  | 345,652 |  |  |  | 351,404 |
|  | $ | 411,485 |  |  | $ | 454,100 |  |  | $ | 806,081 |  |  | $ | 879,129 |
Adjusted EBITDA: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 25,307 |  |  | $ | 31,218 |  |  | $ | 37,766 |  |  | $ | 49,945 |
International |  |  | 22,526 |  |  |  | 25,969 |  |  |  | 42,896 |  |  |  | 43,407 |
Total Reportable Segments Adjusted EBITDA |  |  | 47,833 |  |  |  | 57,187 |  |  |  | 80,662 |  |  |  | 93,352 |
Corporate and Other |  |  | (9,940 | ) |  |  | (10,061 | ) |  |  | (20,394 | ) |  |  | (22,136 | )
|  |  | 37,893 |  |  |  | 47,126 |  |  |  | 60,268 |  |  |  | 71,216 |
Depreciation and amortization |  |  | (11,020 | ) |  |  | (11,197 | ) |  |  | (22,447 | ) |  |  | (23,502 | )
Equity in net loss of equity-method investees |  |  | (588 | ) |  |  | (907 | ) |  |  | (743 | ) |  |  | (1,405 | )
Interest expense, net |  |  | (11,993 | ) |  |  | (15,333 | ) |  |  | (24,988 | ) |  |  | (27,956 | )
(Provision) benefit for income taxes |  |  | (2,728 | ) |  |  | 4,249 |  |  |  | (6,251 | ) |  |  | 9,628 |
Stock-based compensation, net |  |  | (3,573 | ) |  |  | (3,376 | ) |  |  | (6,449 | ) |  |  | (7,118 | )
Unrealized currency gains |  |  | 1,624 |  |  |  | 194 |  |  |  | 430 |  |  |  | 159 |
Certain litigation expenses, net(a) |  |  | (1,020 | ) |  |  | (2,091 | ) |  |  | (1,847 | ) |  |  | (3,615 | )
Restructuring activities |  |  |  |  |  |  |  |  |  |  |  |
Productivity and transformation costs |  |  | (4,190 | ) |  |  | (6,869 | ) |  |  | (9,208 | ) |  |  | (13,272 | )
Plant closure related costs, net |  |  | (858 | ) |  |  | (2,302 | ) |  |  | (1,234 | ) |  |  | (4,143 | )
Warehouse/manufacturing consolidation and other costs, net |  |  | — |  |  |  | (811 | ) |  |  | — |  |  |  | (811 | )
Acquisitions, divestitures and other |  |  |  |  |  |  |  |  |  |  |  |
Gain (loss) on sale of assets |  |  | 1,626 |  |  |  | — |  |  |  | (2,308 | ) |  |  | (62 | )
Transaction and integration costs, net |  |  | 105 |  |  |  | (109 | ) |  |  | 423 |  |  |  | (227 | )
Impairment charges |  |  |  |  |  |  |  |  |  |  |  |
Goodwill impairment |  |  | (91,267 | ) |  |  | — |  |  |  | (91,267 | ) |  |  | — |
Intangibles and long-lived asset impairment |  |  | (17,986 | ) |  |  | (20,666 | ) |  |  | (18,017 | ) |  |  | (21,360 | )
Other |  |  | — |  |  |  | (1,443 | ) |  |  | — |  |  |  | (1,443 | )
Net loss |  | $ | (103,975 | ) |  | $ | (13,535 | ) |  | $ | (123,638 | ) |  | $ | (23,911 | )
(a) Expenses and item s relating to securities class action, baby food litigation and SEC investigation.
Schedule of Net Sales by Product Category | The Company’s net sales by product category are as follows:
|  | Three Months Ended December 31, |  |  | Six Months Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Snacks |  | $ | 89,707 |  |  | $ | 113,873 |  |  | $ | 189,182 |  |  | $ | 230,961 |
Baby & Kids |  |  | 61,561 |  |  |  | 61,613 |  |  |  | 122,329 |  |  |  | 124,141 |
Beverages |  |  | 69,814 |  |  |  | 72,584 |  |  |  | 126,490 |  |  |  | 128,732 |
Meal preparation |  |  | 177,653 |  |  |  | 182,133 |  |  |  | 337,045 |  |  |  | 347,329 |
Personal care |  |  | 12,750 |  |  |  | 23,897 |  |  |  | 31,035 |  |  |  | 47,966 |
|  | $ | 411,485 |  |  | $ | 454,100 |  |  | $ | 806,081 |  |  | $ | 879,129 |
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 subsidiaries, are as follows:
|  | Three Months Ended December 31, |  |  | Six Months Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
United States |  | $ | 203,325 |  |  | $ | 239,324 |  |  | $ | 406,098 |  |  | $ | 469,983 |
United Kingdom |  |  | 134,953 |  |  |  | 138,628 |  |  |  | 257,359 |  |  |  | 259,679 |
Western Europe |  |  | 47,243 |  |  |  | 47,801 |  |  |  | 88,293 |  |  |  | 91,725 |
Canada |  |  | 25,964 |  |  |  | 28,347 |  |  |  | 54,331 |  |  |  | 57,742 |
|  | $ | 411,485 |  |  | $ | 454,100 |  |  | $ | 806,081 |  |  | $ | 879,129 |

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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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