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Business Segment Data
 12 Months Ended
Sep. 27, 2025
Segment Reporting [Abstract]  
Business Segment Data Business Segment Data
The Company’s chief operating decision-maker is its Chief Executive Officer. Operating segments are managed separately because each segment represents a strategic business that offers different products or services. The Company’s chief operating decision maker uses operating income or loss to evaluate segment performance and allocate resources, including consideration of plan-to-actual variances and prior year-to-actual variances on a quarterly basis. The Company’s Corporate expenses are included in the following presentation since certain expenses are not allocated separately to the two operating segments. Segment assets exclude short-term investments, goodwill, and deferred taxes.
Management has determined that the Company has two operating segments which are also reportable segments based on the level at which the chief operating decision maker reviews the results of operations to make decisions regarding performance assessment and resource allocation. These operating segments are the Pet segment and the Garden segment. Substantially all of the Company’s assets and operations relate to its business in the United States.
The Pet segment consists of Nylabone Products, IMS Trading, Four Paws Products, TDBBS, Central Specialty Pet (Avian and Small Animal, C&S Products and Aquatics), Segrest, K&H Pet Products, Arden, DMC, Life Sciences, Interpet, General Pet and Pet Distribution. These businesses are engaged in the manufacture, purchase, sale and delivery of internally and externally produced pet supplies, animal health and insect controls, aquariums, books, dog treats and food, as well as live fish and small animals principally to independent pet distributors, big-box retailers, regional retailer chains, eCommerce retailers, grocery stores and mass merchants. The Garden segment consists of Grass Seed, Bird Feed, Chemicals and Fertilizers, Excel Marketing, Gulfstream, Cedarworks, Bell Nursery, Hopewell Nursery, DMO, Green Garden, D&D Commodities and Garden Distribution. Products manufactured, designed and sourced, or distributed include products found typically in the lawn and garden sections of mass merchandisers, warehouse-type clubs, home improvement centers and nurseries and include live plants; grass, vegetable, flower and herb seed; wild bird feed, bird houses and other birding accessories; terra-cotta pottery; herbicides, pesticides and insecticides. These products are sold directly to national and regional retail chains, independent garden distributors, online retailers, grocery stores, nurseries and garden supply retailers. Reportable segments have been identified based on financial data utilized to manage our businesses by management. This is derived primarily from differences in products and services and secondarily by differences in the customer base between the two segments.
The Corporate expenses include costs associated with corporate functions such as: Information Technology, Legal, Mergers & Acquisitions and certain employee benefits.
The following table indicates each class of similar products which represented approximately 10% or more of the Company’s consolidated net sales in the fiscal years presented (in millions).
Category202520242023
(in millions)
Other garden products$808.2 $832.9 $832.2 
Other pet products602.6 635.0 699.4 
Other manufacturers' products664.7705.6734.9 
Dog & cat products592.8600.6 568.6 
Wild bird460.8426.4 475.0 
Total$3,129.1 $3,200.5 $3,310.1 
See Note 4 – Concentration of Credit Risk and Significant Customers and Suppliers for the Company’s largest customers by segment.
Financial information relating to the Company’s business segments for each of the three most recent fiscal years is presented in the following tables:
Fiscal Year Ended September 27, 2025
PetGardenTotal
(in thousands)
Net sales$1,801,930 $1,327,134 $3,129,064 
Cost of goods sold1,164,117 967,611 
Selling, general and administrative expenses422,125 217,121 
Segment operating income$215,688 $142,402 $358,090 
Unallocated corporate expenses(108,048)
Interest expense(57,697)
Interest income24,885 
Other expense(480)
Income before income taxes and noncontrolling interest$216,750 
Fiscal Year Ended September 28, 2024
PetGardenTotal
(in thousands)
Net sales$1,832,744 $1,367,716 $3,200,460 
Cost of goods sold1,203,255 1,053,470 
Selling, general and administrative expenses426,064 232,353 
Segment operating income$203,425 $81,893 $285,318 
Unallocated corporate expenses(99,931)
Interest expense(57,527)
Interest income19,655 
Other expense(5,090)
Income before income taxes and noncontrolling interest$142,425 
Fiscal Year Ended September 30, 2023
PetGardenTotal
(in thousands)
Net sales$1,877,177 $1,432,906 $3,310,083 
Cost of goods sold1,280,333 1,082,908 
Selling, general and administrative expenses398,839 226,543 
Segment operating income$198,005 $123,455 $321,460 
Unallocated corporate expenses(110,814)
Interest expense(57,025)
Interest income7,362 
Other income1,462 
Income before income taxes and noncontrolling interest$162,445 
Fiscal Year Ended
September 27, 2025September 28, 2024September 30, 2023
(in thousands)
Assets:
Pet segment$941,122 $955,000 $944,359 
Garden segment1,232,088 1,272,033 1,349,426 
Total reportable segments2,173,210 2,227,033 2,293,785 
Corporate and unallocated1,452,433 1,326,406 1,084,863 
Total$3,625,643 $3,553,439 $3,378,648 
Depreciation and amortization:
Pet segment$39,916 $43,642 $41,126 
Garden segment42,301 44,403 43,375 
Total reportable segments82,217 88,045 84,501 
Corporate and unallocated2,677 2,762 3,199 
Total$84,894 $90,807 $87,700 
Expenditures for long-lived assets:
Pet segment$26,189 $27,757 $33,515 
Garden segment14,655 17,307 19,109 
Total reportable segments40,844 45,064 52,624 
Corporate and unallocated762 1,600 1,342 
Total$41,606 $46,664 $53,966