v3.26.3
Segment and Customer Information
 12 Months Ended
Aug. 29, 2026
Segment Reporting [Abstract]  
Segment and Customer Information Segment and Customer Information
Segment Information

As of August 29, 2026, the Company determined its operations are organized into one consolidated operating segment and reportable segment, represented by the Company’s consolidated financial statements. Previously, as of August 30, 2025, the Company’s operations were organized into two operating segments, Quest and Atkins, and OWYN, which were aggregated into one reportable segment due to similar financial, economic and operating characteristics.

The Chief Operating Decision Maker (“CODM”) is the President and Chief Executive Officer (“CEO”). The CODM regularly reviews consolidated segment performance including net sales, significant expenses, net income, Adjusted EBITDA, budget to actual variance analysis, as well as other key metrics. The CODM uses net income as the measure of profitability to assess segment performance and allocate resources. The accounting policies of the segment are the same as those described in Note 2, Summary of Significant Accounting Policies.

The following table summarizes our segment net sales, significant expenses, and net income for the fifty-two weeks ended August 29, 2026, fifty-two weeks ended August 30, 2025, and fifty-three weeks ended August 31, 2024:

52-Weeks Ended52-Weeks Ended53-Weeks Ended
(In thousands)August 29, 2026August 30, 2025August 31, 2024
Net sales$1,356,499 $1,450,920 $1,331,321 
Cost of goods sold914,136 925,173 819,755 
Operating expenses:
Selling and marketing129,446 134,282 143,929 
General and administrative143,901 155,930 129,699 
Depreciation and amortization17,731 16,900 16,917 
Business transaction costs— 820 14,524 
Loss on impairment331,000 60,928 — 
Other income (expense)(18,408)(20,984)(20,447)
Income tax (benefit) expense(42,220)32,289 46,741 
Net (loss) income$(155,903)$103,614 $139,309 

Geographic Information

The following is a summary of revenue disaggregated by geographic area and brand:

52-Weeks Ended52-Weeks Ended53-Weeks Ended
(In thousands)August 29, 2026August 30, 2025August 31, 2024
North America (1)
Atkins$332,674 $420,787 $491,986 
Quest869,707 863,614 777,394 
OWYN123,785 137,020 29,213 
Total North America1,326,166 1,421,421 1,298,593 
International (1)
30,333 29,499 32,728 
Total$1,356,499 $1,450,920 $1,331,321 
(1) The North America geographic area consists of net sales substantially related to the United States and there is no individual foreign country to which more than 10% of the Company’s net sales are attributed or that is otherwise deemed individually material.
The following is a summary of long lived assets by geographic area:

(In thousands)August 29, 2026August 30, 2025
Long lived assets
North America (1)
$52,614 $39,738 
Total$52,614 $39,738 
(1) The North America geographic area consists of long-lived assets substantially related to the United States and there is no individual foreign country in which more than 10% of the Company’s long-lived assets are located or that is otherwise deemed individually material.


Significant Customers

Credit risk for the Company was concentrated in two customers who each comprised more than 10% of the Company’s total sales for the fifty-two weeks ended August 29, 2026, fifty-two weeks ended August 30, 2025, and fifty-three weeks ended August 31, 2024:

52-Weeks Ended52-Weeks Ended53-Weeks Ended
August 29, 2026August 30, 2025August 31, 2024
Customer 130 %31 %31 %
Customer 220 %18 %18 %

At August 29, 2026, and August 30, 2025, the following amounts of the Company’s accounts receivable, net were related to these significant customers for the periods in which the customers were significant:

(In thousands)August 29, 2026August 30, 2025
Customer 1$47,726 35 %$60,151 36 %
Customer 2$50,319 37 %$46,225 28 %