Segment Information

12 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Segment Information

21.SEGMENT INFORMATION

The Company’s organizational structure consists of two geographic based reportable segments: North America and International, which are also the operating segments. This structure is in line with how the Company’s Chief Operating Decision Maker (“CODM”) assesses the Company’s performance and allocates resources. The Interim President and Chief Executive Officer is the CODM of the Company. The Company’s measure of segment profitability is Adjusted EBITDA of each reportable segment and also uses net sales in order to analyze segment results, trends and allocate resources. On a monthly basis, the CODM reviews how actual results compare to forecasts and prior periods when making decisions regarding strategic initiatives and capital investments to segments.

Segment Adjusted EBITDA excludes: net interest expense, income taxes, depreciation and amortization, equity in net loss of equity-method investees, stock-based compensation, net, unrealized and certain realized currency losses, certain litigation and related costs, plant closure related costs, net, productivity and transformation costs, warehouse and manufacturing consolidation and other costs, net, costs associated with acquisitions, divestitures and other transactions, (gain) loss on sale of assets, intangibles and long-lived asset impairments and other adjustments. In addition, Segment Adjusted EBITDA does not include Corporate and Other expenses related to the Company’s centralized administrative functions, which do not specifically relate to a reportable segment. Such Corporate and Other expenses are comprised mainly of compensation and related expenses of certain of the Company’s senior executive officers and other employees who perform duties related to the entire enterprise, litigation expense and expenses for certain professional fees, facilities, and other items which benefit the Company as a whole.

The following tables set forth financial information about each of the Company’s reportable segment’s revenue, significant segment expenses and measure of segment profit or loss for the fiscal years ended June 30, 2025, 2024 and 2023. 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.

	Fiscal Year Ended June 30,
	2025			2024			2023
Net Sales:
North America	$	888,626		$	1,055,527		$	1,139,162
International		671,154			680,759			657,481
		1,559,780			1,736,286			1,796,643
Cost of sales, adjusted to exclude restructuring activities:
North America		(693,951	)		(816,680	)		(875,608	)
International		(530,006	)		(529,812	)		(523,512	)
		(1,223,957	)		(1,346,492	)		(1,399,120	)
Marketing expense:
North America		(41,462	)		(45,294	)		(45,830	)
International		(18,760	)		(18,355	)		(17,833	)
		(60,222	)		(63,649	)		(63,663	)
Other selling, general and administrative expenses, adjusted to exclude restructuring activities and depreciation and amortization:
North America		(102,867	)		(112,728	)		(117,277	)
International		(64,323	)		(64,514	)		(62,708	)
		(167,190	)		(177,242	)		(179,985	)
Depreciation and amortization and other adjustments:
North America		15,124			17,903			22,996
International		27,935			26,896			29,517
		43,059			44,799			52,513
Segment Adjusted EBITDA:
North America		65,470			98,728			123,443
International		86,000			94,974			82,945
Total Reportable Segments Adjusted EBITDA		151,470			193,702			206,388
Corporate and Other		(37,681	)		(39,180	)		(39,766	)
		113,789			154,522			166,622
Depreciation and amortization		(44,259	)		(44,665	)		(50,777	)
Equity in net loss of equity-method investees		(1,813	)		(2,581	)		(1,134	)
Interest expense, net		(47,773	)		(54,232	)		(43,936	)
(Provision) benefit for income taxes		(15,297	)		7,820			14,178
Stock-based compensation, net		(8,149	)		(12,704	)		(14,423	)
Unrealized and certain realized currency losses		(3,823	)		(17	)		(929	)
Certain litigation expenses, net(a)		(3,473	)		(7,262	)		1,369
Restructuring activities
Productivity and transformation costs		(21,530	)		(27,741	)		(7,284	)
Plant closure related costs, net		(1,215	)		(5,251	)		(94	)
Warehouse/manufacturing consolidation and other costs, net		(384	)		(995	)		(1,026	)
CEO succession		(4,774	)		—			(5,113	)
Acquisitions, divestitures and other
Gain (loss) on sale of assets		3,194			(4,384	)		3,529
Transaction and integration costs, net		488			34			(2,018	)
Impairment charges
Goodwill impairment		(428,882	)		—			—
Intangibles and long-lived asset impairment		(66,940	)		(76,143	)		(175,501	)
Other		—			(1,443	)		—
Net loss	$	(530,841	)	$	(75,042	)	$	(116,537	)

(a) Expenses and items relating to securities class action, baby food litigation and SEC investigation.

	Fiscal Year Ended June 30,
	2025		2024		2023
Snacks	$	371,012	$	463,261	$	486,411
Baby & Kids		241,553		252,481		284,834
Beverages		245,147		253,008		239,199
Meal Preparation		639,506		662,116		653,114
Personal Care		62,562		105,420		133,085
	$	1,559,780	$	1,736,286	$	1,796,643

The Company’s net sales by geographic region, which are generally based on the location of the Company’s subsidiary, are as follows:

	Fiscal Year Ended June 30,
	2025		2024		2023
United States	$	777,605	$	940,367	$	1,025,988
United Kingdom		492,046		497,150		477,400
Western Europe		179,108		183,609		180,080
Canada		111,021		115,160		113,175
	$	1,559,780	$	1,736,286	$	1,796,643

The Company’s long-lived assets, which primarily represent property, plant and equipment, net and operating lease right-of-use assets, net by geographic region are as follows:

	Fiscal Year Ended June 30,
	2025		2024
United States	$	129,558	$	137,398
United Kingdom		129,799		125,945
Western Europe		65,491		66,785
Canada		11,053		18,236
	$	335,901	$	348,364