v3.26.1
BUSINESS SEGMENTS AND RELATED INFORMATION (Tables)
9 Months Ended
Feb. 22, 2026
BUSINESS SEGMENTS AND RELATED INFORMATION  
Schedule of segment reporting information

Thirteen Weeks Ended February 22, 2026

  ​ ​ ​

Grocery &
Snacks

Refrigerated
& Frozen

International

Foodservice

  ​ ​ ​

Total

Net sales

$

1,167.1

$

1,133.2

$

226.8

$

260.7

$

2,787.8

Segment cost of goods sold1

837.4

909.1

168.0

213.8

2,128.3

Segment SG&A expenses2

113.0

119.3

27.1

20.9

280.3

Segment operating profit

$

216.7

$

104.8

$

31.7

$

26.0

$

379.2

General corporate expenses3

90.3

Other charges, net4

8.8

Operating profit

$

280.1

Pension and postretirement non-service income

6.1

Interest expense, net

93.1

Equity method investment earnings

36.5

Income before income taxes

$

229.6

Thirteen Weeks Ended February 23, 2025

  ​ ​ ​

Grocery &
Snacks

Refrigerated
& Frozen

International

Foodservice

  ​ ​ ​

Total

Net sales

$

1,245.4

$

1,115.6

$

223.9

$

256.1

$

2,841.0

Segment cost of goods sold1

882.9

883.1

163.7

207.4

2,137.1

Segment SG&A expenses2

120.1

108.5

26.8

20.1

275.5

Segment operating profit

$

242.4

$

124.0

$

33.4

$

28.6

$

428.4

General corporate expenses3

155.6

Loss on divestitures

27.2

Other charges, net4

6.2

Operating profit

$

239.4

Pension and postretirement non-service income

3.1

Interest expense, net

100.9

Equity method investment earnings

47.4

Income before income taxes

$

189.0

Thirty-Nine Weeks Ended February 22, 2026

  ​ ​ ​

Grocery &
Snacks

Refrigerated
& Frozen

International

Foodservice

  ​ ​ ​

Total

Net sales

$

3,455.8

$

3,460.6

$

669.5

$

813.6

$

8,399.5

Segment cost of goods sold1

2,453.8

2,787.3

489.5

668.0

6,398.6

Segment SG&A expenses2

333.3

326.6

78.5

60.6

799.0

Segment operating profit

$

668.7

$

346.7

$

101.5

$

85.0

$

1,201.9

General corporate expenses3

241.0

Other intangible asset impairment charges

197.0

Goodwill impairment charges

771.3

Gain on divestitures

(42.2)

Other charges, net4

4.9

Operating profit

$

29.9

Pension and postretirement non-service income

18.3

Interest expense, net

282.9

Equity method investment earnings

98.1

Loss before income taxes

$

(136.6)

Thirty-Nine Weeks Ended February 23, 2025

  ​ ​ ​

Grocery &
Snacks

Refrigerated
& Frozen

International

Foodservice

  ​ ​ ​

Total

Net sales

$

3,749.1

$

3,540.5

$

726.4

$

815.0

$

8,831.0

Segment cost of goods sold1

2,617.7

2,752.6

531.8

657.3

6,559.4

Segment SG&A expenses2

340.0

306.7

86.0

58.2

790.9

Segment operating profit

$

791.4

$

481.2

$

108.6

$

99.5

$

1,480.7

General corporate expenses3

317.7

Other intangible asset impairment charges

18.9

Loss on divestitures

29.5

Other charges, net4

71.0

Operating profit

$

1,043.6

Pension and postretirement non-service income

9.3

Interest expense, net

314.9

Equity method investment earnings

125.0

Income before income taxes

$

863.0

1 Segment cost of goods sold does not include items recorded in the Cost of goods sold line on our Condensed Consolidated Statements of Operations that are presented in the Other charges, net line of this table.

2 Segment SG&A expenses are regularly provided to the CODM as a percent of net sales. Segment SG&A expenses do not include items recorded in the Selling, general and administrative expenses line of our Condensed Consolidated Statements of Operations that are presented in the Other charges, net line of this table.

3 General corporate expenses relate to certain costs that are shared across multiple segments but are not directly attributable, which include executive compensation, share-based payment expense, and costs associated with certain corporate functions.

4 Other charges include net charges related to our restructuring plans and fire related insurance recoveries.

  ​ ​

Thirteen Weeks Ended

  ​ ​

Thirty-Nine Weeks Ended

February 22, 2026

February 23, 2025

February 22, 2026

February 23, 2025

Frozen

$

961.5

$

944.4

$

2,915.2

$

2,998.0

Staples

Other shelf-stable

610.4

717.5

1,804.1

2,158.8

Refrigerated

171.7

171.2

545.4

542.5

Snacks

556.7

527.9

1,651.7

1,590.3

International

226.8

223.9

669.5

726.4

Foodservice

260.7

256.1

813.6

815.0

Total net sales

$

2,787.8

$

2,841.0

$

8,399.5

$

8,831.0

  ​ ​

Thirteen Weeks Ended

  ​ ​

Thirty-Nine Weeks Ended

February 22, 2026

February 23, 2025

February 22, 2026

February 23, 2025

Grocery & Snacks

$

37.4

$

39.1

$

110.2

$

115.8

Refrigerated & Frozen

44.7

40.7

126.5

123.8

International

3.7

3.3

10.8

10.8

Foodservice

11.6

11.6

34.5

33.8

Total Reporting Segments

97.4

94.7

282.0

284.2

Corporate

4.0

3.6

11.7

10.7

Total Company

$

101.4

$

98.3

$

293.7

$

294.9