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Segments (Tables)
4 Months Ended
Apr. 19, 2025
Segment Reporting [Abstract]  
Schedule of Expense Items

Detailed below are expense items impacting comparability (amounts in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

For the Sixteen Weeks Ended

 

 

Footnote

 

 

April 19, 2025

 

 

April 20, 2024

 

 

Disclosure

Business process improvement costs

 

$

891

 

 

$

3,683

 

 

Note 1

Restructuring charges

 

 

573

 

 

 

598

 

 

Note 3

Restructuring-related implementation costs

 

 

4,288

 

 

 

1,344

 

 

Note 3

Plant closure costs and impairment of assets

 

 

7,397

 

 

 

4,000

 

 

Note 1, 11

Acquisition-related costs

 

 

13,764

 

 

 

 

 

Note 5

Legal settlements and related costs

 

 

697

 

 

 

 

 

Note 16

 

 

$

27,610

 

 

$

9,625

 

 

 

Schedule of Net Sales, Net Income, and Significant Expenses

Our single reportable segment net sales, net income, and significant expenses are as follows (amounts in thousands):

 

 

 

For the Sixteen Weeks Ended

 

 

 

April 19, 2025

 

 

April 20, 2024

 

Net sales

 

$

1,554,230

 

 

$

1,576,818

 

Materials, supplies, labor and other production costs (exclusive of depreciation and amortization)

 

 

 

 

 

 

Ingredients

 

 

382,628

 

 

 

413,919

 

Workforce-related costs

 

 

227,912

 

 

 

225,533

 

Packaging

 

 

58,695

 

 

 

58,539

 

Other(1)

 

 

109,111

 

 

 

99,195

 

Total materials, supplies, labor and other production costs (exclusive of depreciation and amortization)

 

 

778,346

 

 

 

797,186

 

Selling, distribution, and administrative expenses

 

 

 

 

 

 

Workforce-related costs

 

 

202,658

 

 

 

187,814

 

Distributor distribution fees

 

 

192,927

 

 

 

216,987

 

Other(2)

 

 

237,928

 

 

 

220,450

 

Total selling, distribution, and administrative expenses

 

 

633,513

 

 

 

625,251

 

Depreciation

 

 

38,666

 

 

 

38,432

 

Amortization

 

 

10,581

 

 

 

9,716

 

Right-of-use financing lease amortization

 

 

21

 

 

 

87

 

Plant closure costs and impairment of assets

 

 

7,397

 

 

 

4,000

 

Restructuring charges

 

 

573

 

 

 

598

 

Interest expense

 

 

19,674

 

 

 

11,301

 

Interest income

 

 

(5,626

)

 

 

(5,690

)

Other components of net periodic pension and postretirement benefits
   credit

 

 

(117

)

 

 

(158

)

Income before income taxes

 

 

71,202

 

 

 

96,095

 

Income tax expense

 

 

18,204

 

 

 

23,052

 

Net income

 

$

52,998

 

 

$

73,043

 

(1)
The Other line item includes utilities, repairs and maintenance, rent, and other production costs.

(2)
The Other line item includes transportation, marketing, legal, consulting, rent, computer maintenance, and other overhead expenses.