We announced a cost savings program (the “Cost Savings Program”) in July 2025 and a restructuring plan (the “Restructuring Plan”) in October 2024. During fiscal 2026 and 2027, we also undertook additional restructuring actions, including the permanent closure of certain production facilities in connection with asset utilization in our International segment, and completed sales of certain non-core assets as part of our Focus to Win strategy. The restructuring activities undertaken in connection with these initiatives, including the Cost Savings Program and Restructuring Plan, are referred to collectively as the “Restructuring Plans”.

We expect to recognize approximately $30 million to $50 million of charges during the remainder of fiscal 2027 in connection with the Restructuring Plans, primarily related to the demolition of our Connell, Washington plant and the closure of our Broekhuizenvorst, the Netherlands plant.

For the thirteen weeks ended August 30, 2026, we recorded $34.2 million of pre-tax charges, of which $10.1 million were cash charges and $24.1 million were non-cash charges. Costs associated with the Restructuring Plans were as follows:


	Thirteen Weeks Ended
(in millions)	August 30, 2026		August 24, 2025
Cost Savings Program and Restructuring Plan expenses related to:
Retirement of assets and other plant charges (a)	$	6.9	$	1.8
Accelerated depreciation (b)	21.3		—
Potato contract terminations (c)	(1.3)		—
Inventory write-off (c)	0.1		—
Employee-related costs (d)	2.3		8.1
Professional services and other (e)	4.9		22.0


	$	34.2	$	31.9

(a)Includes charges related to the write-off of assets at permanently closed production facilities under the Restructuring Plans, impairments of certain non-core assets, and plant charges.

(b)Includes accelerated depreciation related to the announced closure of our manufacturing facility in Broekhuizenvorst, the Netherlands. The facility is expected to operate and produce product through mid-second quarter fiscal 2027.

(c)Primarily reflects the reversal of previously recognized contract termination charges for raw potatoes that we ultimately took delivery of and used in production due to higher-than-expected demand, partially offset by write-offs of inventories, including spare parts, related to the production curtailment under the Restructuring Plans.


	Thirteen Weeks Ended
(in millions)	August 30, 2026		August 24, 2025
Cost Savings Program and Restructuring Plan expenses included in:
Cost of sales	$	20.1	$	(0.4)
Cost Savings Program and Restructuring expenses	14.1		32.3

	$	34.2	$	31.9

Accruals remaining under the Restructuring Plans are recorded as current liabilities within “Accounts payable” and “Accrued liabilities” in the accompanying Consolidated Balance Sheet at August 30, 2026. The following is a roll-forward of accrued restructuring liabilities related to the Restructuring Plans:


(in millions)
Accrued restructuring liability, May 31, 2026	$	8.0
Additions	10.1
Payments	(8.6)
Accrued restructuring liability, August 30, 2026	$	9.5