v3.26.1
Reportable Segments (Tables)
 3 Months Ended
Jul. 31, 2026
Segment Reporting [Abstract]  
Segment information
The following tables reconcile segment profit to income before income taxes.
Three Months Ended July 31, 2026
U.S. Retail CoffeeU.S. Retail Frozen Handheld and SpreadsU.S. Retail Pet FoodsSweet Baked SnacksAway From Home
Other (A)
Total
Net sales$807.8 $499.3 $371.7 $236.5 $203.7 $100.3 $2,219.3 
 Segment cost of products sold (B)
404.5 305.9 203.9 169.1 118.3 67.4 
 Segment selling and distribution expenses (C)
100.4 63.6 71.0 39.2 24.6 13.4 
 Other segment items (D)
2.9 0.1 (2.1)(1.7)(0.4)0.2 
Segment profit$300.0 $129.7 $98.9 $29.9 $61.2 $19.3 $639.0 
Reconciliation of segment profit:
Amortization(57.9)
Interest expense – net(82.3)
Change in net cumulative unallocated derivative gains and losses29.4 
Other special project costs (E)
(0.6)
Corporate administrative expenses(98.3)
Other income (expense) – net (E)
(1.4)
Income before income taxes$427.9 
Three Months Ended July 31, 2025
U.S. Retail CoffeeU.S. Retail Frozen Handheld and SpreadsU.S. Retail Pet FoodsSweet Baked SnacksAway From Home
Other (A)
Total
Net sales$717.2 $484.7 $368.0 $253.2 $198.3 $91.9 $2,113.3 
 Segment cost of products sold (B)
498.9 299.3 204.8 176.8 124.8 65.5 
 Segment selling and distribution expenses (C)
84.0 70.8 66.8 41.2 23.1 12.3 
 Other segment items (D)
0.1 0.3 (4.9)1.0 (1.0)— 
Segment profit$134.2 $114.3 $101.3 $34.2 $51.4 $14.1 $449.5 
Reconciliation of segment profit:
Amortization(50.2)
Interest expense – net(100.2)
Change in net cumulative unallocated derivative gains and losses(253.1)
Cost of products sold – special project costs (E)
(15.4)
Other special project costs (E)
(6.0)
Corporate administrative expenses(79.2)
Other income (expense) – net (1.9)
Income (loss) before income taxes$(56.5)
(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 3: Special Project Costs and Note 7: Derivative Financial Instruments.
(C)    Segment selling and distribution expenses 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.
(E)    Includes special project costs related to certain divestiture, acquisition, integration, and restructuring activities. For more information, see Note 3: Special Project Costs.
The following tables present total assets; total depreciation, amortization, and impairment charges; and total additions to property, plant, and equipment by segment.
July 31, 2026April 30, 2026
Assets:
U.S. Retail Coffee$4,696.2 $4,692.0 
U.S. Retail Frozen Handheld and Spreads2,978.5 3,236.6 
U.S. Retail Pet Foods4,621.6 4,624.2 
Sweet Baked Snacks2,289.9 2,318.9 
Away From Home1,076.3 798.4 
Other (A)
432.6 422.8 
Unallocated (B)
108.1 126.5 
Total assets$16,203.2 $16,219.4 
Three Months Ended July 31,
20262025
Depreciation, amortization, and impairment charges:
U.S. Retail Coffee$24.6 $24.4 
U.S. Retail Frozen Handheld and Spreads21.7 25.1 
U.S. Retail Pet Foods31.0 30.3 
Sweet Baked Snacks30.0 21.9 
Away From Home11.3 7.8 
Other (A)
2.2 2.4 
Unallocated (C)
6.7 23.3 
Total depreciation, amortization, and impairment charges$127.5 $135.2 
Additions to property, plant, and equipment:
U.S. Retail Coffee$15.2 $11.5 
U.S. Retail Frozen Handheld and Spreads19.9 40.1 
U.S. Retail Pet Foods23.3 11.4 
Sweet Baked Snacks11.7 10.2 
Away From Home13.3 8.8 
Other (A)
5.0 2.3 
Total additions to property, plant, and equipment$88.4 $84.3 
(A)Represents the International operating segment.
(B)Primarily represents unallocated cash and cash equivalents and corporate-held investments.
(C)Primarily represents unallocated accelerated depreciation related to restructuring activities and corporate administrative expenses, mainly consisting of depreciation and software amortization.
Geographical information
The following table presents certain geographical information.
Three Months Ended July 31,
20262025
Net sales:
United States$2,108.7 $2,009.4 
International:
Canada$69.9 $70.7 
All other international40.7 33.2 
Total international$110.6 $103.9 
Total net sales$2,219.3 $2,113.3 
Product category information
The following table presents product category information.
Three Months Ended July 31,
20262025
Primary Reportable Segment (A)
Coffee$916.8 $816.1 U.S. Retail Coffee
Frozen handheld273.4 244.1 U.S. Retail Frozen Handheld and Spreads
Sweet baked goods236.5 253.2 Sweet Baked Snacks
Pet snacks199.7 203.4 U.S. Retail Pet Foods
Peanut butter197.9 207.0 U.S. Retail Frozen Handheld and Spreads
Cat food187.2 179.3 U.S. Retail Pet Foods
Fruit spreads93.1 95.3 U.S. Retail Frozen Handheld and Spreads
Portion control53.5 50.4 Away From Home
Toppings and syrups25.6 29.7 U.S. Retail Frozen Handheld and Spreads
Baking mixes and ingredients15.2 14.5 
Other (B)
Other20.4 20.3 
Other (B)
Total net sales$2,219.3 $2,113.3 
(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.