v3.25.2
Acquisitions
 9 Months Ended
Jun. 28, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions Acquisitions
On November 3, 2023, the Company acquired TDBBS, LLC (“TDBBS”), a provider of premium natural dog chews and treats for approximately $60 million. The addition of TDBBS expands the Company’s portfolio with bully and collagen sticks, bones and jerky, adds scale to its dog and cat business and enhances the Company’s eCommerce and direct-to-consumer capabilities. The purchase price exceeded the estimated fair value of the net tangible assets acquired by approximately $45 million, of which $23 million was allocated to identified intangible assets and approximately $5 million to goodwill in the Company's condensed consolidated balance sheet. Financial results of TDBBS have been included in the results of operations within the Pet segment since the date of acquisition. The following table summarizes the purchase price and recording of fair values of the assets acquired and liabilities assumed as of the acquisition date and subsequent adjustments.
Amounts Recognized as of Acquisition Date (1)
Current assets, net of cash and cash equivalents acquired$22,968 
Fixed assets2,369 
Goodwill4,925 
Operating lease right-of-use assets3,956 
Deferred tax assets15,859 
Other intangible assets, net22,970 
Current liabilities(9,094)
Long-term lease liabilities(3,727)
Net assets acquired, less cash and cash equivalents$60,226 
(1) As previously reported in the Company's Form 10-K for the period ended September 28, 2024.