v3.26.1
Reportable Segments (Tables)
 12 Months Ended
Apr. 30, 2026
Segment Reporting [Abstract]  
Segment information
The following tables reconcile segment profit to income before income taxes.
Year Ended April 30, 2026
U.S. Retail CoffeeU.S. Retail Frozen Handheld and SpreadsU.S. Retail Pet FoodsSweet Baked SnacksAway From Home
Other (A)
Total
Net sales$3,304.9 $1,853.9 $1,600.0 $971.3 $879.0 $441.8 $9,050.9 
 Segment cost of products sold (B)
2,275.8 1,151.9 874.1 705.6 564.2 320.1 
 Segment selling and distribution expense (C)
326.7 257.3 266.7 168.8 97.0 52.0 
 Other segment items (D)
0.9 — (14.1)(0.3)(2.3)0.1 
Segment profit$701.5 $444.7 $473.3 $97.2 $220.1 $69.6 $2,006.4 
Reconciliation of segment profit:
Amortization(210.6)
Goodwill impairment charges(507.5)
Other intangible assets impairment charges(454.2)
Interest expense – net(381.2)
Change in net cumulative unallocated derivative gains and losses(58.6)
Cost of products sold – special project costs (E)
(66.1)
Other special project costs (E)
(21.1)
Corporate administrative expenses(328.1)
Other income (expense) – net (E)
(41.4)
Income (loss) before income taxes$(62.4)
Year Ended April 30, 2025
U.S. Retail CoffeeU.S. Retail Frozen Handheld and SpreadsU.S. Retail Pet FoodsSweet Baked SnacksAway From Home
Other (A)
Total
Net sales$2,806.6 $1,877.0 $1,663.6 $1,178.8 $763.0 $437.1 $8,726.1 
 Segment cost of products sold (B)
1,709.3 1,167.5 936.0 779.9 489.8 308.0 
 Segment selling and distribution expense (C)
308.4 276.7 281.5 181.8 101.2 56.9 
 Other segment items (D)
(6.2)7.5 (13.5)(2.7)(4.1)0.9 
Segment profit$795.1 $425.3 $459.6 $219.8 $176.1 $71.3 $2,147.2 
Reconciliation of segment profit:
Amortization(219.3)
Goodwill impairment charge(1,661.6)
Other intangible assets impairment charges(320.9)
Gain (loss) on divestitures – net(310.1)
Interest expense – net(388.7)
Change in net cumulative unallocated derivative gains and losses58.2 
Cost of products sold – special project costs (E)
(9.1)
Other special project costs (E)
(35.8)
Other debt gains (charges) – net (E)
30.2 
Corporate administrative expenses(322.5)
Other income (expense) – net (E)
(14.4)
Income (loss) before income taxes$(1,046.8)
Year Ended April 30, 2024
U.S. Retail CoffeeU.S. Retail Frozen Handheld and SpreadsU.S. Retail Pet FoodsSweet Baked SnacksAway From Home
Other (A)
Total
Net sales$2,704.4 $1,815.6 $1,822.8 $637.3 $711.5 $487.1 $8,178.7 
 Segment cost of products sold (B)
1,572.8 1,118.8 1,131.7 410.0 481.9 351.9 
 Segment selling and distribution expense (C)
330.1 261.8 296.7 89.9 94.2 64.1 
 Other segment items (D)
42.3 0.9 (7.7)(0.8)(1.3)(0.3)
Segment profit$759.2 $434.1 $402.1 $138.2 $136.7 $71.4 $1,941.7 
Reconciliation of segment profit:
Amortization(191.1)
Gain (loss) on divestitures – net(12.9)
Interest expense – net(264.3)
Change in net cumulative unallocated derivative gains and losses6.7 
Cost of products sold – special project costs (E)
(2.9)
Other special project costs (E)
(130.2)
Other debt gains (charges) - net (E)
(19.5)
Corporate administrative expenses(305.5)
Other income (expense) – net (E)
(25.6)
Income (loss) before income taxes$996.4 
(A)     Represents the International operating segment.
(B)    Segment cost of products sold excludes special project costs related to certain divestiture, acquisition, integration, and restructuring activities and the change in net cumulative unallocated derivative gains and losses. For more information, see Note 4: Special Project Costs and Note 10: Derivative Financial Instruments.
(C)    Segment selling and distribution expense excludes corporate administrative expenses and special project costs that are not allocated to the segments.
(D)    Other segment items primarily reflects the loss (gain) on disposal of assets, plant administrative expenses, equity method investment income, and royalty income. In 2024, the U.S. Retail Coffee reportable segment includes an unfavorable impact related to the termination of a supplier agreement.
(E)    Includes special project costs related to certain divestiture, acquisition, integration, and restructuring activities. For more information, see Note 4: Special Project Costs and Note 8: Debt and Financing Arrangements.
The following table presents total assets; total depreciation, amortization, and impairment charges; and total additions to property, plant, and equipment by segment.
  Year Ended April 30,
  202620252024
Assets:
U.S. Retail Coffee$4,692.0 $4,927.8 $4,826.3 
U.S. Retail Frozen Handheld and Spreads3,236.6 3,263.1 3,257.1 
U.S. Retail Pet Foods4,624.2 4,679.3 4,784.1 
Sweet Baked Snacks2,318.9 3,394.9 6,267.1 
Away From Home798.4 670.1 624.1 
Other (A)
422.8 367.0 365.5 
Unallocated (B)
126.5 261.1 149.5 
Total assets$16,219.4 $17,563.3 $20,273.7 
Depreciation, amortization, and impairment charges:
U.S. Retail Coffee$97.9 $97.9 $101.1 
U.S. Retail Frozen Handheld and Spreads99.4 90.8 81.6 
U.S. Retail Pet Foods123.5 121.3 118.1 
Sweet Baked Snacks (C)
1,059.6 2,092.0 59.6 
Away From Home30.9 27.4 26.8 
Other (A)
9.6 10.0 5.6 
Unallocated (D)
97.8 45.6 38.0 
Total depreciation, amortization, and impairment charges$1,518.7 $2,485.0 $430.8 
Additions to property, plant, and equipment:
U.S. Retail Coffee$38.4 $62.7 $79.7 
U.S. Retail Frozen Handheld and Spreads110.2 157.6 334.5 
U.S. Retail Pet Foods53.4 83.2 83.4 
Sweet Baked Snacks61.6 43.0 41.2 
Away From Home42.2 39.0 39.4 
Other (A)
11.6 8.3 8.3 
Total additions to property, plant, and equipment$317.4 $393.8 $586.5 
(A)Represents the International operating segment.
(B)Primarily represents unallocated cash and cash equivalents and corporate-held investments.
(C)During 2026, we recognized pre-tax impairment charges of $507.5 and $454.2 related to the goodwill of the Sweet Baked Snacks reporting unit and Hostess brand trademark, respectively. During 2025, we recognized pre-tax impairment charges of $1,661.6 and $320.9 related to the goodwill of the Sweet Baked Snacks reporting unit and Hostess brand trademark, respectively. For more information, see Note 7: Goodwill and Other Intangible Assets.
(D)Primarily represents unallocated corporate administrative expenses, mainly consisting of depreciation and software amortization.
Geographical information
The following table presents certain geographical information.
Year Ended April 30,
  202620252024
Net sales:
United States$8,568.2 $8,245.7 $7,653.0 
International:
Canada$340.8 $352.4 $429.4 
All other international141.9 128.0 96.3 
Total international$482.7 $480.4 $525.7 
Total net sales$9,050.9 $8,726.1 $8,178.7 
Assets:
United States$15,866.5 $17,190.0 $19,483.1 
International:
Canada$352.6 $373.0 $790.2 
All other international0.3 0.3 0.4 
Total international$352.9 $373.3 $790.6 
Total assets$16,219.4 $17,563.3 $20,273.7 
Long-lived assets (excluding goodwill and other intangible assets):
United States$3,306.5 $3,308.4 $3,294.5 
International:
Canada$51.1 $51.3 $106.9 
All other international— 0.1 0.1 
Total international$51.1 $51.4 $107.0 
Total long-lived assets (excluding goodwill and other intangible assets)$3,357.6 $3,359.8 $3,401.5 
Product category information
The following table presents product category information.
Year Ended April 30,
  202620252024
Primary Reportable Segment (A)
Coffee$3,768.7 $3,173.8 $3,063.0 U.S. Retail Coffee
Frozen handheld995.7 918.2 791.1 U.S. Retail Frozen Handheld and Spreads
Sweet baked goods971.3 1,093.0 572.5 Sweet Baked Snacks
Pet snacks886.0 944.7 1,024.8 U.S. Retail Pet Foods
Peanut butter786.1 827.8 814.1 U.S. Retail Frozen Handheld and Spreads
Cat food776.0 763.5 792.4 U.S. Retail Pet Foods
Fruit spreads371.0 400.8 427.2 U.S. Retail Frozen Handheld and Spreads
Portion control194.4 211.9 207.9 Away From Home
Toppings and syrups109.2 96.8 88.4 U.S. Retail Frozen Handheld and Spreads
Baking mixes and ingredients89.5 88.1 90.3 
Other (B)
Dog food0.1 24.4 76.4 U.S. Retail Pet Foods
Cookies— 86.3 64.8 Sweet Baked Snacks
Other102.9 96.8 165.8 
Other (B)
Total net sales$9,050.9 $8,726.1 $8,178.7 
(A)The primary reportable segment generally represents at least 75 percent of total net sales for each respective product category.
(B)Represents the International operating segment.