v3.26.1
SEGMENT DATA
 3 Months Ended
Mar. 29, 2026
Segment Reporting [Abstract]  
SEGMENT DATA SEGMENT DATA
The Company operates in one reportable segment: the manufacturing, distribution, marketing and sale of snack food products. The Company defines reporting segments as components of an organization for which discrete financial information is available and operating results are evaluated on a regular basis by the chief operating decision maker ("CODM”) in order to assess performance and allocate resources. The CODM is the Chief Executive Officer of the Company. Characteristics of the organization which were relied upon in making the determination that the Company operates in one reportable segment include the similar nature of all of the products that the Company sells, the functional alignment of the Company’s organizational
structure, and the reports that are regularly reviewed by the CODM for the purpose of assessing performance and allocating resources. The CODM uses segment income/loss to evaluate income generated from the segment in deciding whether to reinvest profits into the segment or alternatives such as for acquisitions or to pay dividends, and to monitor budget versus actual results.
(in millions)
Thirteen weeks ended March 29, 2026
Thirteen weeks ended March 30, 2025
Net sales$361.3 $352.1 
Materials153.4 159.6 
Conversion costs (a)54.0 45.1 
Delivery (b)20.7 23.5 
Other cost of goods sold (c)41.3 41.5 
Gross profit91.9 82.4 
Marketing (d)6.2 4.6 
Selling expenses (e)44.9 36.9 
General and Administrative expenses (f)34.3 35.9 
Total selling, general and administrative expenses85.4 77.4 
Gain on sale of assets, net1.3 0.7 
Income from operations7.8 5.7 
Interest expense(10.4)(11.5)
Loss on debt extinguishment— (0.5)
Other income0.8 0.4 
Gain on remeasurement of warrant liability— 11.0 
Other loss, net(9.6)(0.6)
(Loss) income before income taxes(1.8)5.1 
Income tax expense0.6 (0.6)
Net (loss) income $(2.4)$5.7 
(a) Conversion costs include direct labor, indirect labor, and overhead expenses.
(b) Delivery charges related to amounts shipped to distribution centers and end customers, and transfer costs between facilities.
(c) Other cost of goods sold consists of logistics and other charges.
(d) Marketing expenses include customer marketing through traditional media, digital and eCommerce, social media, sponsorships, and other costs such as agency costs, and market research.
(e) Selling expenses include non-administrative people costs, selling operations, co-op advertising and other customer expenses, broker fees, royalties, and other selling related costs.
(f) General and administrative expenses include administrative people costs, administrative operations, taxes, fees, and other administrative costs, offset by reimbursements from certain transaction services agreements.