| Schedule of Expense (Recovery) Items Impacting Comparability in Adjusted Reports Used by CODM |
Detailed below are expense (recovery) items impacting comparability in the adjusted reports used by the CODM (amounts in thousands):
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For the Twelve Weeks Ended |
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For the Forty Weeks Ended |
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Footnote |
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October 10, 2026 |
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October 4, 2025 |
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October 10, 2026 |
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October 4, 2025 |
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Disclosure |
Business process improvement costs |
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$ |
906 |
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$ |
949 |
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$ |
3,157 |
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$ |
2,311 |
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Note 1 |
Restructuring charges |
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4,556 |
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5,510 |
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6,208 |
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6,083 |
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Note 3 |
Restructuring-related implementation costs |
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1,038 |
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3,534 |
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14,810 |
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10,718 |
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Note 3 |
Plant closure costs and impairment of assets |
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1,481 |
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— |
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1,481 |
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7,397 |
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Note 1 |
Acquisition and integration-related costs |
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— |
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1,735 |
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1,897 |
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16,370 |
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Note 5 |
Legal settlements and related costs |
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1,000 |
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— |
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15,400 |
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902 |
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Note 16 |
Recovery on inferior ingredients |
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(632 |
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— |
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(2,595 |
) |
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— |
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Note 1 |
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$ |
8,349 |
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$ |
11,728 |
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$ |
40,358 |
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$ |
43,781 |
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| Schedule of Net Sales, Net Income, and Significant Expenses |
Our single reportable segment net sales, net income, and significant expenses are as follows (amounts in thousands):
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For the Twelve Weeks Ended |
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For the Forty Weeks Ended |
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October 10, 2026 |
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October 4, 2025 |
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October 10, 2026 |
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October 4, 2025 |
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Net sales |
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$ |
1,169,057 |
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$ |
1,226,554 |
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$ |
3,933,569 |
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$ |
4,023,619 |
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Materials, supplies, labor and other production costs
(exclusive of depreciation and amortization) |
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Ingredients |
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278,736 |
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299,075 |
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918,308 |
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983,581 |
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Workforce-related costs |
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174,784 |
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177,023 |
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586,397 |
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578,516 |
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Packaging |
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44,001 |
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44,733 |
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143,530 |
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148,510 |
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Other(1) |
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125,906 |
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117,872 |
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385,586 |
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342,502 |
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Total materials, supplies, labor and other production costs
(exclusive of depreciation and amortization) |
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623,427 |
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638,703 |
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2,033,821 |
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2,053,109 |
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Selling, distribution, and administrative expenses |
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Workforce-related costs |
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151,740 |
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158,056 |
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524,523 |
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520,991 |
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Distributor distribution fees |
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128,493 |
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141,650 |
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444,539 |
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478,975 |
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Other(2) |
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189,407 |
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176,246 |
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616,697 |
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583,036 |
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Total selling, distribution, and administrative expenses |
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469,640 |
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475,952 |
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1,585,759 |
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1,583,002 |
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Depreciation |
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30,599 |
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30,082 |
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101,754 |
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98,891 |
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Amortization |
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7,748 |
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9,769 |
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26,934 |
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30,010 |
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Right-of-use financing lease amortization |
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— |
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22 |
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28 |
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66 |
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Recovery on inferior ingredients |
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(632 |
) |
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— |
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(2,595 |
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— |
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Plant closure costs and impairment of assets |
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1,481 |
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— |
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1,481 |
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7,397 |
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Restructuring charges |
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4,556 |
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5,510 |
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6,208 |
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6,083 |
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Interest expense |
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17,768 |
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18,220 |
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60,283 |
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56,771 |
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Interest income |
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(4,265 |
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(3,767 |
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(13,359 |
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(13,234 |
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Other components of net periodic pension and postretirement
benefits cost (credit) |
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89 |
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(88 |
) |
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295 |
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(293 |
) |
Income before income taxes |
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18,646 |
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52,151 |
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132,960 |
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201,817 |
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Income tax expense |
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4,268 |
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12,617 |
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35,871 |
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50,920 |
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Net income |
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$ |
14,378 |
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$ |
39,534 |
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$ |
97,089 |
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$ |
150,897 |
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(Certain costs in the table above have been reclassified from amounts previously reported to conform to the current period presentation.) (1)The Other line item includes outside purchases of product, utilities, repairs and maintenance, rent, and other production costs. (2)The Other line item includes transportation, marketing, legal, consulting, rent, computer maintenance, and other overhead expenses.
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