Segment and Customer Information

12 Months Ended

Aug. 30, 2025

Segment Reporting [Abstract]

Segment and Customer Information

Segment and Customer Information

Segment Information

The Company's operations are organized into two operating segments, Quest and Atkins, and OWYN, which are aggregated into one reportable segment due to similar financial, economic and operating characteristics. The operating segments are similar in the following areas: (a) the nature of the products; (b) the nature of the production processes; (c) the methods used to distribute products to customers; (d) the type of customer for the products; and, (e) the nature of the regulatory environment. The Company also designed its organizational structure to support entity-wide business functions across brands, products, customers, and geographic regions. As a result, as of the fifty-two weeks ended August 30, 2025, and fifty-three weeks ended August 31, 2024, the Company determined its operations are organized into two operating segments, which are aggregated into one reportable segment, represented by the Company’s consolidated financial statements, due to similar financial, economic and operating characteristics. As of the fifty-two weeks ended August 26, 2023, the Company determined its operations were organized into one consolidated operating segment and reportable segment.

The Chief Operating Decision Maker (“CODM”) is the Chief Executive Officer (“CEO”). The CODM regularly reviews consolidated segment performance including net sales, significant expenses, net income, Adjusted EBITDA, budget to actual variance analysis, as well as other key metrics. The CODM uses net income as the measure of profitability to assess segment performance and allocate resources. The accounting policies of the segment are the same as those described in Note 2, Summary of Significant Accounting Policies.

The following table summarizes our segment net sales, significant expenses, and net income for the fifty-two weeks ended August 30, 2025, fifty-three weeks ended August 31, 2024, and fifty-two weeks ended August 26, 2023:

	52-Weeks Ended		53-Weeks Ended		52-Weeks Ended
	August 30, 2025		August 31, 2024		August 26, 2023
Net sales	$	1,450,920	$	1,331,321	$	1,242,672
Cost of goods sold	925,173		819,755		789,252
Operating expenses:
Selling and marketing	134,282		143,929		119,489
General and administrative	155,930		129,699		111,566
Depreciation and amortization	16,900		16,917		17,416
Business transaction costs	820		14,524		—
Loss on impairment	60,928		—		—
Other income (expense)	(20,984)		(20,447)		(29,257)
Income tax expense	32,289		46,741		42,117
Net income	$	103,614	$	139,309	$	133,575

Geographic Information

The following is a summary of revenue disaggregated by geographic area and brand:

	52-Weeks Ended		53-Weeks Ended		52-Weeks Ended
(In thousands)	August 30, 2025		August 31, 2024		August 26, 2023
North America (1)
Atkins	$	420,787	$	491,986	$	526,769
Quest	863,614		777,394		682,789
OWYN	137,020		29,213		—
Total North America	1,421,421		1,298,593		1,209,558
International (1)	29,499		32,728		33,114
Total	$	1,450,920	$	1,331,321	$	1,242,672
(1) The North America geographic area consists of net sales substantially related to the United States and there is no individual foreign country to which more than 10% of the Company’s net sales are attributed or that is otherwise deemed individually material.

The following is a summary of long lived assets by geographic area:

(In thousands)	August 30, 2025		August 31, 2024
Long lived assets
North America (1)	$	39,738	$	24,830
Total	$	39,738	$	24,830
(1) The North America geographic area consists of long-lived assets substantially related to the United States and there is no individual foreign country in which more than 10% of the Company’s long-lived assets are located or that is otherwise deemed individually material.

Significant Customers

Credit risk for the Company was concentrated in two customers who each comprised more than 10% of the Company’s total sales for the fifty-two weeks ended August 30, 2025, fifty-three weeks ended August 31, 2024, and fifty-two weeks ended August 26, 2023:

	52-Weeks Ended		53-Weeks Ended		52-Weeks Ended
	August 30, 2025		August 31, 2024		August 26, 2023
Customer 1	31	%	31	%	31	%
Customer 2	18	%	18	%	16	%

At August 30, 2025, and August 31, 2024, the following amounts of the Company’s accounts receivable, net were related to these significant customers for the periods in which the customers were significant:

(In thousands)	August 30, 2025				August 31, 2024
Customer 1	$	60,151	36	%	$	41,943	28	%
Customer 2	$	46,225	28	%	$	51,411	34	%