RELATED PARTY TRANSACTIONS |
9 Months Ended |
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Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS Transactions between the Company and Post Holdings, Inc. (“Post”) are considered related party transactions as certain of the Company’s directors serve as officers and/or directors of Post. MSA Fees and Royalties The Company used certain functions and services performed by Post under a master services agreement (the “MSA”), which expired during March 2026. These functions and services included finance, internal audit, treasury, information technology support, insurance and tax matters, the use of office and/or data center space, tax compliance services and, prior to January 2025, payroll processing services. All of these functions and services were fully transferred prior to the expiration of the MSA. No fees were incurred under the MSA during the three months ended June 30, 2026, compared to $0.7 during the three months ended June 30, 2025. Fees under the MSA were $1.0 and $2.3 during the nine months ended June 30, 2026 and 2025, respectively. MSA fees were reported in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Operations. The Company licenses certain intellectual property to and from Post and its subsidiaries based upon prices governed by agreements between the Company and Post and its subsidiaries, consistent with prices of similar arm's-length transactions. During both the three and nine months ended June 30, 2026 and 2025, royalties paid to and received from Post and its subsidiaries were immaterial. Co-Packing Agreement Premier Nutrition Company, LLC (“Premier Nutrition”), a subsidiary of the Company, has a co-packing agreement with Comet Processing, Inc. (“Comet”), a wholly-owned subsidiary of Post (the “Co-Packing Agreement”). Under the Co-Packing Agreement, Premier Nutrition procures certain packaging materials for Comet that Comet utilizes in the production of RTD shakes for Premier Nutrition. The Company purchased $34.1 and $80.6 of RTD shakes from Comet during the three and nine months ended June 30, 2026, respectively, and $17.1 and $44.2 of RTD shakes from Comet during the three and nine months ended June 30, 2025, respectively. As of June 30, 2026 and September 30, 2025, the Company had current payables with Post and its subsidiaries of $15.0 and $3.7, respectively, related to RTD shake purchases and MSA fees, which were included in “Accounts payable” on the Condensed Consolidated Balance Sheets. Current receivables with Post and its subsidiaries at both June 30, 2026 and September 30, 2025 were immaterial.
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