v3.25.2
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Reported Segment Revenue, Profit or Loss and Significant Segment Expenses
Reported segment revenue, segment profit or loss, and significant segment expenses are as follows:

Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
(In millions)(In millions)
Net sales$798.0 $788.5 $1,590.0 $1,609.2 
Cost of sales658.8 660.2 1,335.6 1,368.9 
Selling, distribution, general, and administrative:
Freight out and commissions25.0 24.9 51.0 56.7 
Direct selling, general, and administrative16.5 9.7 34.6 19.8 
Corporate selling, general, and administrative44.8 55.1 92.8 111.9 
Amortization expense13.2 12.1 26.3 24.2 
Asset impairment— 19.3 — 19.3 
Other operating expense, net(1)12.4 11.2 27.9 17.6 
Total other expense(2)32.9 16.9 71.0 27.0 
Income tax benefit(2.7)(4.2)(14.5)(7.8)
Net loss$(2.9)$(16.7)$(34.7)$(28.4)

(1)Other operating expense, net includes other segment items, primarily including expenses related to Restructuring programs. Refer to Note 3 to our Condensed Consolidated Financial Statements for additional information.
(2)Total other expense includes other segment items, primarily including interest expense, interest income, loss on extinguishment of debt, foreign currency exchange, and mark-to-market adjustments on derivatives.
Schedule of Segment Revenue Disaggregated by Product Category and Sales Channel
Revenue disaggregated by product category groups is as follows:

Three Months Ended
June 30,		Six Months Ended
June 30,
 2025202420252024
 (In millions)(In millions)
Snacking$289.3 $308.9 $554.8 $623.7 
Beverages & drink mixes285.9 244.5 589.0 512.2 
Grocery222.8 235.1 446.2 473.3 
Total net sales$798.0 $788.5 $1,590.0 $1,609.2 
Revenue disaggregated by sales channel is as follows:

Three Months Ended
June 30,		Six Months Ended
June 30,
 2025202420252024
 (In millions)(In millions)
Retail grocery$625.6 $607.5 $1,250.0 $1,257.4 
Co-manufacturing84.0 104.2 175.4 204.2 
Food-away-from-home and other88.4 76.8 164.6 147.6 
Total net sales$798.0 $788.5 $1,590.0 $1,609.2