v3.26.1
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 28, 2026
Segment Reporting [Abstract]  
Schedule of Net Sales and Earnings by Segment
Our segment net sales and earnings for the three months ended June 28, 2026 and June 29, 2025 were as follows:
For the three months ended June 28, 2026
North America ConfectioneryNorth America Salty SnacksInternationalTotal
Net sales$2,173,570 $387,845 $225,891 $2,787,306 
Cost of sales1,184,812 259,356 182,736 
SM&A expense282,973 65,911 48,300 
Total segment income (loss)$705,785 $62,578 $(5,145)$763,218 
Unallocated corporate expense (1)215,122 
Unallocated mark-to-market gains on commodity derivatives(102,907)
Costs associated with business realignment activities (see Note 9)
8,362 
Operating profit$642,641 
Interest expense, net (see Note 4)
49,963 
Other (income) expense, net (see Note 17)
4,398 
Income before income taxes$588,280 
For the three months ended June 29, 2025
North America ConfectioneryNorth America Salty SnacksInternationalTotal
Net sales$2,085,468 $315,519 $213,731 $2,614,718 
Cost of sales1,274,772 194,534 148,412 
SM&A expense306,767 54,505 45,524 
Total segment income$503,929 $66,480 $19,795 $590,204 
Unallocated corporate expense (1)181,527 
Unallocated mark-to-market losses on commodity derivatives200,727 
Costs associated with business realignment activities (see Note 9)
15,139 
Operating profit$192,811 
Interest expense, net (see Note 4)
46,035 
Other (income) expense, net (see Note 17)
(2,336)
Income before income taxes$149,112 
(1)Includes centrally-managed (a) corporate functional costs relating to legal, treasury, finance, and human resources, (b) expenses associated with the oversight and administration of our global operations, including warehousing, distribution and manufacturing, information systems and global shared services, (c) non-cash stock-based compensation expense, (d) acquisition and integration-related costs, and (e) other gains or losses that are not integral to segment performance.
Our segment net sales and earnings for the six months ended June 28, 2026 and June 29, 2025 were as follows:
For the six months ended June 28, 2026
North America ConfectioneryNorth America Salty SnacksInternationalTotal
Net sales$4,663,488 $737,915 $490,070 $5,891,473 
Cost of sales2,587,277 507,872 383,010 
SM&A expense578,048 133,163 96,946 
Total segment income$1,498,163 $96,880 $10,114 $1,605,157 
Unallocated corporate expense (1)372,828 
Unallocated mark-to-market gains on commodity derivatives(72,723)
Costs associated with business realignment activities (see Note 9)
21,718 
Operating profit$1,283,334 
Interest expense, net (see Note 4)
99,781 
Other (income) expense, net (see Note 17)
2,578 
Income before income taxes$1,180,975 
For the six months ended June 29, 2025
North America ConfectioneryNorth America Salty SnacksInternationalTotal
Net sales$4,385,608 $593,317 $441,212 $5,420,137 
Cost of sales2,589,848 375,172 302,396 
SM&A expense595,457 109,812 90,295 
Total segment income$1,200,303 $108,333 $48,521 $1,357,157 
Unallocated corporate expense (1)341,952 
Unallocated mark-to-market losses on commodity derivatives412,181 
Costs associated with business realignment activities (see Note 9)
40,992 
Operating profit$562,032 
Interest expense, net (see Note 4)
90,657 
Other (income) expense, net (see Note 17)
(1,391)
Income before income taxes$472,766 
(1)Includes centrally-managed (a) corporate functional costs relating to legal, treasury, finance, and human resources, (b) expenses associated with the oversight and administration of our global operations, including warehousing, distribution and manufacturing, information systems and global shared services, (c) non-cash stock-based compensation expense, (d) acquisition and integration-related costs, and (e) other gains or losses that are not integral to segment performance.
Schedule of Unallocated Mark-to-Market (Gains) Losses on Commodity Derivatives
Activity within the unallocated mark-to-market adjustment for commodity derivatives is as follows:
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Net (gains) losses on mark-to-market valuation of commodity derivative positions recognized in income$(85,867)$31,545 $(56,958)$85,402 
Net (losses) gains on commodity derivative positions reclassified from unallocated to segment income (17,040)169,182 (15,765)326,779 
Net (gains) losses on mark-to-market valuation of commodity derivative positions recognized in unallocated derivative (gains) losses$(102,907)$200,727 $(72,723)$412,181 
Schedule of Depreciation and Amortization Expense Included within Segment Income
Depreciation and amortization expense included within segment income presented above is as follows:
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
North America Confectionery$80,358 $72,787 $157,875 $142,560 
North America Salty Snacks26,203 22,327 52,259 44,173 
International7,670 6,713 15,067 12,898 
Corporate21,864 22,006 43,896 43,766 
Total$136,095 $123,833 $269,097 $243,397 
Schedule of Segment Information by Geography
Additional information regarding our net sales disaggregated by geographical region is as follows:
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Net sales:
United States$2,438,474 $2,285,230 $5,149,947 $4,752,984 
All other countries348,832 329,488 741,526 667,153 
Total$2,787,306 $2,614,718 $5,891,473 $5,420,137