Business Segment Information (Tables)

6 Months Ended

Jun. 28, 2025

Jun. 29, 2024


	Quarter Ended
	June 28, 2025
	U.S.		International		Total
Segment net sales	$	735,483	$	225,953	$	961,436
Reconciliation of net sales:
Other net sales					29,889
Total net sales					991,325
Less(1):
Media, advertising and promotion	31,821		10,993		42,814
Distribution	43,493		18,487		61,980
Other segment costs(2)	476,541		172,220		648,761
Total segment operating profit	183,628		24,253		207,881
Reconciliation of operating profit (loss):
Other profit					4,388
General corporate expenses					(55,162)
Restructuring and other action-related charges					1,191
Amortization of intangibles					(3,640)
Total operating profit (loss)					154,658
Other expenses					(9,023)
Interest expense, net					(47,536)
Income (loss) from continuing operations before income taxes					$	98,099

(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(2) Other segment costs include cost of sales, marketing, selling and other administrative expenses.


	Quarter Ended
	June 29, 2024
	U.S.		International		Total
Segment net sales	$	740,154	$	233,073	$	973,227
Reconciliation of net sales:
Other net sales					700
Total net sales					973,927
Less(1):
Media, advertising and promotion	35,265		10,064		45,329
Distribution	44,576		19,346		63,922
Other segment costs(2)	502,099		173,426		675,525
Total segment operating profit	158,214		30,237		188,451
Reconciliation of operating profit (loss):
Other loss					(130)
General corporate expenses					(58,212)
Restructuring and other action-related charges					(189,034)
Amortization of intangibles					(4,278)
Total operating profit (loss)					(63,203)
Other expenses					(10,616)
Interest expense, net					(50,279)
Income (loss) from continuing operations before income taxes					$	(124,098)

(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(2) Other segment costs include cost of sales, marketing, selling and other administrative expenses.


	Six Months Ended
	June 28, 2025
	U.S.		International		Total
Segment net sales	$	1,271,708	$	421,492	$	1,693,200
Reconciliation of net sales:
Other net sales					58,273
Total net sales					1,751,473
Less(1):
Media, advertising and promotion	61,724		19,364		81,088
Distribution	83,641		35,171		118,812
Other segment costs(2)	830,546		320,211		1,150,757
Total segment operating profit	295,797		46,746		342,543
Reconciliation of operating profit (loss):
Other profit					6,817
General corporate expenses					(107,600)
Restructuring and other action-related charges					82
Amortization of intangibles					(7,276)
Total operating profit (loss)					234,566
Other expenses					(26,295)
Interest expense, net					(90,855)
Income (loss) from continuing operations before income taxes					$	117,416

(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(2) Other segment costs include cost of sales, marketing, selling and other administrative expenses.


	Six Months Ended
	June 29, 2024
	U.S.		International		Total
Segment net sales	$	1,284,045	$	433,084	$	1,717,129
Reconciliation of net sales:
Other net sales					1,473
Total net sales					1,718,602
Less(1):
Media, advertising and promotion	61,875		16,935		78,810
Distribution	85,347		36,306		121,653
Other segment costs(2)	880,346		332,805		1,213,151
Total segment operating profit	256,477		47,038		303,515
Reconciliation of operating profit (loss):
Other profit					551
General corporate expenses					(118,904)
Restructuring and other action-related charges					(204,003)
Amortization of intangibles					(8,948)
Total operating profit (loss)					(27,789)
Other expenses					(19,678)
Interest expense, net					(100,862)
Income (loss) from continuing operations before income taxes					$	(148,329)

(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(2) Other segment costs include cost of sales, marketing, selling and other administrative expenses.

Restructuring and other action-related charges

The Company incurred restructuring and other action-related charges that were reported in the following lines in the Condensed Consolidated Statements of Operations:


	Quarters Ended				Six Months Ended
	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Cost of sales	$	(3,475)	$	88,621	$	(3,775)	$	88,824
Selling, general and administrative expenses	2,284		100,413		3,693		115,179
Total included in operating profit (loss)	(1,191)		189,034		(82)		204,003
Other expenses	—		—		9,979		—

Total included in income (loss) from continuing operations before income taxes	(1,191)		189,034		9,897		204,003
Income tax expense	—		—		—		—
Total restructuring and other action-related charges included in income (loss) from continuing operations	$	(1,191)	$	189,034	$	9,897	$	204,003

The components of restructuring and other action-related charges were as follows:


	Quarters Ended				Six Months Ended
	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024

Restructuring and other action-related charges:
Professional services	$	2,909	$	3,762	$	3,366	$	4,433

Headcount actions and related severance	(1,028)		6,911		(819)		19,098

Supply chain restructuring and consolidation	(3,184)		156,807		(3,244)		158,914
Corporate asset impairment charges	—		20,107		—		20,107
Other	112		1,447		615		1,451

Total included in operating profit (loss)	(1,191)		189,034		(82)		204,003
Loss on extinguishment of debt included in other expenses	—		—		9,979		—


Total included in income (loss) from continuing operations before income taxes	(1,191)		189,034		9,897		204,003

Tax effect on actions	—		—		—		—
Total included in income tax expense	—		—		—		—
Total restructuring and other action-related charges included in income (loss) from continuing operations	$	(1,191)	$	189,034	$	9,897	$	204,003

Schedule of Segment Reporting Information, by Segment

The following table presents segment asset information as of June 28, 2025, December 28, 2024, and June 29, 2024:


	June 28, 2025		December 28, 2024		June 29, 2024
Assets - Inventories:
U.S.	$	778,866	$	711,323	$	760,014
International	167,861		146,190		156,669

Depreciation And Amortization Expense Table

The following table presents segment depreciation and amortization expense information for the quarters and six months ended June 28, 2025 and June 29, 2024:


	Quarters Ended				Six Months Ended
	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Depreciation and amortization expense:
U.S.	$	3,503	$	14,461	$	7,826	$	25,071
International	2,457		3,022		5,019		5,637