Net sales fell 4.4% to $2.37B, which the company attributes to unfavorable volume/mix and the impact of the noosa divestiture, partially offset by favorable net price realization.

Filed June 8, 2026 · Period ending May 3, 2026 · ~1 min read

Key Changes

• high

  Gross margin declined to 27.5% from 29.4%, primarily due to the gross impact of tariffs and the impact of cost inflation and other supply chain costs, partially offset by benefits from supply chain productivity improvements and favorable net price realization.

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• high

  Segment operating earnings decreased 21.6% to $308.0M, with Meals & Beverages down 15.8% and Snacks down 32.1%.

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• medium

  Cash from operations was $839.0M for the nine months, down 3.8% from $872.0M, while capital expenditures were $297.0M.

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