Restructuring

12 Months Ended

Oct. 26, 2025

Restructuring and Related Activities [Abstract]

The Company is undertaking a corporate restructuring plan designed to reduce administrative expenses, improve efficiencies, and align its workforce to the Company’s future needs, while enabling continued investment in the Company’s growth. The restructuring includes a voluntary early retirement program for certain groups of employees, the closing of certain open roles, involuntary role reductions, and making select changes to benefit programs. The Company expects to incur restructuring charges in the range of $20.0 million to $25.0 million for one-time pension benefits, cash severance payments, other employee benefit costs, and professional fees. The charges are expected to be primarily recognized in the fourth quarter of fiscal 2025 and the first quarter of fiscal 2026. Of the estimated charges, the Company expects that approximately $8.0 million to $10.0 million will be in future cash expenditures during fiscal 2026.

The Company recognized $13.3 million of costs associated with restructuring activities during fiscal 2025. All costs in fiscal 2025 are unallocated corporate expenses which are not included in any of the reportable segments' measure of segment profit. A summary of these costs by type is as follows:


In thousands	Location on Consolidated Statements of Operations	Fiscal Year Ended October 26, 2025
Professional Fees	Selling, General, and Administrative	$	594
Pension Benefits	Other Income (Expense), Net	12,696
Total Restructuring Costs		$	13,290

As of October 26, 2025, the Company had accrued $0.6 million for ongoing restructuring activities which was recorded as part of Accounts Payable. These amounts are associated with professional fees and are expected to be paid during fiscal 2026. The reconciliation of the beginning and ending liability balance showing activity during the year is as follows:


In thousands
Liability Balance at October 27, 2024	$	—
Costs Incurred and Charged to Expense	594

Costs Paid or Otherwise Settled	—
Liability Balance at October 26, 2025	$	594