XML 48 R40.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Information (Tables)
3 Months Ended
Sep. 30, 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 September 30,

 

 

2024

 

 

2023

 

Net Sales:

 

 

 

 

 

 

North America

 

$

231,140

 

 

$

260,054

 

International

 

 

163,456

 

 

 

164,975

 

 

$

394,596

 

 

$

425,029

 

 

 

 

 

 

 

 

Adjusted EBITDA:

 

 

 

 

 

 

North America

 

$

12,459

 

 

$

18,727

 

International

 

 

20,370

 

 

 

17,438

 

Total Reportable Segments Adjusted EBITDA

 

 

32,829

 

 

 

36,165

 

Corporate and Other

 

 

(10,454

)

 

 

(12,075

)

 

 

22,375

 

 

 

24,090

 

Depreciation and amortization

 

 

(11,427

)

 

 

(12,305

)

Equity in net loss of equity-method investees

 

 

(155

)

 

 

(498

)

Interest expense, net

 

 

(12,995

)

 

 

(12,623

)

(Provision) benefit for income taxes

 

 

(3,523

)

 

 

5,379

 

Stock-based compensation, net

 

 

(2,876

)

 

 

(3,742

)

Unrealized currency losses

 

 

(1,194

)

 

 

(35

)

Certain litigation expenses, net(a)

 

 

(827

)

 

 

(1,524

)

Restructuring activities

 

 

 

 

 

 

Productivity and transformation costs

 

 

(5,018

)

 

 

(6,403

)

Plant closure related costs, net

 

 

(376

)

 

 

(1,841

)

Acquisitions, divestitures and other

 

 

 

 

 

 

Loss on sale of assets

 

 

(3,934

)

 

 

(62

)

Transaction and integration costs, net

 

 

318

 

 

 

(118

)

Impairment charges

 

 

 

 

 

 

Long-lived asset impairment

 

 

(31

)

 

 

(694

)

Net loss

 

$

(19,663

)

 

$

(10,376

)

(a) Expenses and items 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 September 30,

 

 

2024

 

 

2023

 

Snacks

 

$

99,475

 

 

$

117,088

 

Baby & Kids

 

 

60,768

 

 

 

62,528

 

Beverages

 

 

56,676

 

 

 

56,148

 

Meal preparation

 

 

159,392

 

 

 

165,196

 

Personal care

 

 

18,285

 

 

 

24,069

 

 

 

$

394,596

 

 

$

425,029

 

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 September 30,

 

 

2024

 

 

2023

 

United States

 

$

202,773

 

 

$

230,659

 

United Kingdom

 

 

122,406

 

 

 

121,051

 

Western Europe

 

 

41,050

 

 

 

43,924

 

Canada

 

 

28,367

 

 

 

29,395

 

 

$

394,596

 

 

$

425,029