Business Segment Information (Tables)

3 Months Ended

Sep. 30, 2025

Disaggregation Of Net Sales By Class Of Similar Products

The following table sets forth net sales disaggregated by class of similar products for the Retail and Foodservice segments:


	Three Months Ended September 30,
		2025		2024
Retail
Shelf-stable dressings, sauces and croutons		$	104,120	$	101,025
Frozen breads		90,624		83,899
Refrigerated dressings, dips and other		53,101		54,647
Total Retail net sales		$	247,845	$	239,571
Foodservice
Dressings and sauces		$	175,106	$	170,339
Frozen breads and other		59,830		56,648
Other dressings and sauces for TSA		10,691		—
Total Foodservice net sales		$	245,627	$	226,987
Total net sales		$	493,472	$	466,558

Disaggregation Of Foodservice Net Sales By Type Of Customer

The following table provides an additional disaggregation of Foodservice net sales by type of customer:


	Three Months Ended September 30,
		2025		2024
Foodservice
National accounts		$	183,832	$	175,947
Branded and other		51,104		51,040
Other dressings and sauces for TSA		10,691		—
Total Foodservice net sales		$	245,627	$	226,987

Summary Of Financial Information Attributable To Reportable Segments

The following tables provide financial information attributable to our reportable segments, including significant segment expenses, as well as certain amounts not allocated among our reportable segments. Net sales are predominately domestic. All intercompany transactions have been eliminated. Nonallocated corporate expenses include various expenses of a general corporate nature and costs related to certain divested or closed nonfood operations.


For The Three Months Ended September 30, 2025	Retail		Foodservice		Total
Net Sales	$	247,845	$	245,627	$	493,472
Cost of Sales	174,275		200,378
Selling, General and Administrative Expenses	22,959		10,481

Total Segment Operating Income	$	50,611	$	34,768	$	85,379
Nonallocated Corporate Expenses					24,976
Nonallocated Restructuring and Impairment Charges (1)					1,143
Operating Income					$	59,260
Other, Net					1,529
Income Before Income Taxes					$	60,789

(1)Nonallocated restructuring and impairment charges in 2026 resulted from the closure of our Milpitas, California sauce and dressing manufacturing facility.


For The Three Months Ended September 30, 2024	Retail		Foodservice		Total
Net Sales	$	239,571	$	226,987	$	466,558
Cost of Sales	164,113		191,621
Selling, General and Administrative Expenses	19,283		11,057

Total Segment Operating Income	$	56,175	$	24,309	$	80,484
Nonallocated Corporate Expenses					24,620

Operating Income					$	55,864
Other, Net					2,019
Income Before Income Taxes					$	57,883

Reconciliation Of Segment Identifiable Assets And Depreciation And Amortization To Consolidated Totals

The following table sets forth reconciliations of our reportable segments’ total identifiable assets to the consolidated totals and our reportable segments’ total depreciation and amortization expenses to the consolidated totals:


		September 30, 2025		June 30, 2025
Identifiable Assets (1)
Retail & Foodservice (2)		$	1,103,881	$	1,083,381
Corporate		234,583		191,343
Total		$	1,338,464	$	1,274,724

	Three Months Ended September 30,
		2025		2024
Depreciation and Amortization
Retail & Foodservice (2)		$	15,316	$	13,082
Corporate		1,393		1,275
Total		$	16,709	$	14,357

(1)Long-lived assets are predominately domestic. Retail and Foodservice identifiable assets include those assets used in our operations and other intangible assets allocated to purchased businesses, most notably goodwill. The composition of our Retail and Foodservice identifiable assets at September 30, 2025 is generally consistent with that of June 30, 2025. Corporate assets consist principally of cash and equivalents. The increase in Corporate identifiable assets from June 30, 2025 to September 30, 2025 reflects higher cash and equivalents, as well as an increase in prepaid federal income taxes.

(2)As discussed above, we do not present identifiable assets or depreciation and amortization separately by reportable segment.