Schedule of reportable segment results |
Our reportable segment results were as follows (in thousands): | | | | | | | | | | | | | | | Thirteen Weeks Ended | | Twenty-six Weeks Ended | | | June 28, | | June 29, | | June 28, | | June 29, | | | 2025 | | 2024 | | 2025 | | 2024 | Segment net sales: | | | | | | | | | | | | | Specialty | | $ | 134,859 | | $ | 146,624 | | $ | 269,259 | | $ | 301,353 | Meals | | | 104,079 | | | 107,889 | | | 210,221 | | | 227,920 | Frozen & Vegetables | | | 88,989 | | | 91,580 | | | 182,108 | | | 196,467 | Spices & Flavor Solutions | | | 96,498 | | | 98,497 | | | 188,239 | | | 194,073 | Total segment net sales | | | 424,425 | | | 444,590 | | | 849,827 | | | 919,813 | | | | | | | | | | | | | | Segment adjusted expenses: | | | | | | | | | | | | | Specialty | | | 102,209 | | | 114,936 | | | 203,089 | | | 232,473 | Meals | | | 78,334 | | | 83,978 | | | 159,502 | | | 178,380 | Frozen & Vegetables | | | 91,719 | | | 87,772 | | | 186,311 | | | 184,829 | Spices & Flavor Solutions | | | 72,379 | | | 70,850 | | | 137,851 | | | 137,757 | Total segment adjusted expenses | | | 344,641 | | | 357,536 | | | 686,753 | | | 733,439 | | | | | | | | | | | | | | Segment adjusted EBITDA: | | | | | | | | | | | | | Specialty | | | 32,650 | | | 31,688 | | | 66,170 | | | 68,880 | Meals | | | 25,745 | | | 23,911 | | | 50,719 | | | 49,540 | Frozen & Vegetables | | | (2,730) | | | 3,808 | | | (4,203) | | | 11,638 | Spices & Flavor Solutions | | | 24,119 | | | 27,647 | | | 50,388 | | | 56,316 | Total segment adjusted EBITDA | | $ | 79,784 | | $ | 87,054 | | $ | 163,074 | | $ | 186,374 | | | | | | | | | | | | | | Unallocated corporate expenses | | $ | 21,804 | | $ | 23,134 | | $ | 45,956 | | $ | 47,409 | Depreciation and amortization | | | 16,716 | | | 17,343 | | | 33,554 | | | 34,552 | Acquisition/divestiture-related and non-recurring expenses | | | 5,388 | | | 1,733 | | | 7,701 | | | 3,370 | Impairment of goodwill | | | — | | | — | | | — | | | 70,580 | Impairment of property, plant and equipment, net | | | — | | | — | | | 2,994 | | | — | Loss on sales of assets | | | 12,646 | | | — | | | 12,646 | | | 135 | Interest expense, net | | | 35,780 | | | 37,808 | | | 73,538 | | | 75,633 | Income tax (benefit) expense | | | (2,778) | | | 3,098 | | | (4,378) | | | (9,004) | Net (loss) income | | $ | (9,772) | | $ | 3,938 | | $ | (8,937) | | $ | (36,301) |
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