| Schedule of Expense Items Impacting Comparability in Adjusted Reports Used by CODM |
Detailed below are expense items impacting comparability in the adjusted reports used by the CODM (amounts in thousands):
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For the Twelve Weeks Ended |
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For the Twenty-Eight Weeks Ended |
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Footnote |
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July 12, 2025 |
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July 13, 2024 |
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July 12, 2025 |
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July 13, 2024 |
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Disclosure |
Business process improvement costs |
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$ |
471 |
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$ |
1,606 |
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$ |
1,362 |
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$ |
5,289 |
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Note 1 |
Restructuring charges |
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— |
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6,805 |
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573 |
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7,403 |
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Note 3 |
Restructuring-related implementation costs |
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2,896 |
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1,635 |
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7,184 |
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2,979 |
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Note 3 |
Plant closure costs and impairment of assets |
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— |
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1,377 |
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7,397 |
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5,377 |
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Note 1 |
Acquisition-related costs |
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871 |
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— |
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14,635 |
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— |
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Note 5 |
Legal settlements and related costs |
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205 |
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— |
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902 |
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— |
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Note 16 |
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$ |
4,443 |
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$ |
11,423 |
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$ |
32,053 |
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$ |
21,048 |
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| Schedule of Net Sales, Net Income, and Significant Expenses |
Our single reportable segment net sales, net income, and significant expenses are as follows (amounts in thousands):
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For the Twelve Weeks Ended |
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For the Twenty-Eight Weeks Ended |
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July 12, 2025 |
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July 13, 2024 |
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July 12, 2025 |
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July 13, 2024 |
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Net sales |
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$ |
1,242,835 |
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$ |
1,224,983 |
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$ |
2,797,065 |
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$ |
2,801,801 |
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Materials, supplies, labor and other production costs
(exclusive of depreciation and amortization) |
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Ingredients |
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301,878 |
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310,841 |
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684,506 |
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724,760 |
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Workforce-related costs |
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173,421 |
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175,201 |
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401,333 |
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400,734 |
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Packaging |
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45,082 |
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44,286 |
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103,777 |
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102,825 |
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Other(1) |
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115,679 |
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83,034 |
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224,790 |
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182,229 |
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Total materials, supplies, labor and other production costs
(exclusive of depreciation and amortization) |
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636,060 |
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613,362 |
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1,414,406 |
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1,410,548 |
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Selling, distribution, and administrative expenses |
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Workforce-related costs |
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156,011 |
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140,685 |
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358,670 |
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328,499 |
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Distributor distribution fees |
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144,398 |
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163,185 |
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337,325 |
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380,172 |
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Other(2) |
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173,128 |
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167,530 |
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411,055 |
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387,980 |
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Total selling, distribution, and administrative expenses |
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473,537 |
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471,400 |
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1,107,050 |
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1,096,651 |
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Depreciation |
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30,143 |
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29,500 |
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68,809 |
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67,932 |
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Amortization |
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9,660 |
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7,263 |
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20,241 |
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16,979 |
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Right-of-use financing lease amortization |
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23 |
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64 |
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44 |
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151 |
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Plant closure costs and impairment of assets |
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— |
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1,377 |
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7,397 |
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5,377 |
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Restructuring charges |
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— |
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6,805 |
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573 |
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7,403 |
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Interest expense |
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18,876 |
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8,978 |
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38,550 |
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20,279 |
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Interest income |
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(3,840 |
) |
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(4,070 |
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(9,466 |
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(9,760 |
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Other components of net periodic pension and postretirement
benefits credit |
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(88 |
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(118 |
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(205 |
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(276 |
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Income before income taxes |
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78,464 |
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90,422 |
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149,666 |
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186,517 |
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Income tax expense |
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20,099 |
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23,455 |
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38,303 |
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46,507 |
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Net income |
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$ |
58,365 |
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$ |
66,967 |
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$ |
111,363 |
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$ |
140,010 |
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(1)The Other line item includes utilities, repairs and maintenance, rent, and other production costs. (2)The Other line item includes transportation, marketing, legal, consulting, rent, computer maintenance, and other overhead expenses.
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