Severance costs for transition employees related to acquisition of Del Monte Foods - - - - 0.4 0.4 Total asset impairment and other charges, net $ 1.6 $ 13.2 $ 14.8 $ 17.7 $ 17.1 $ 34.8 Quarter ended Six months ended June 27, 2025 June 27, 2025 Long-lived and other asset impairment Exit activity and other charges Total Long-lived and other asset impairment Exit activity and other charges Total Fresh and val

filing / Jul 31, 2026 / receipt

Severance costs for transition employees related to acquisition of Del Monte Foods - 0.4 0.4 - - - Total asset impairment and other charges, net $ 16.1 $ 3.9 $ 20.0 $ - $ - $ - (1) During the quarter ended March 27, 2026, we recorded impairment charges of $ 16.1 million related to right-of-use assets acquired from Del Monte Foods for product lines we do not intend to operate.

filing / May 6, 2026 / receipt

To the extent we are unable to fully offset these cost increases through pricing actions, or cost efficiencies, our margins and profitability may be adversely affected.

filing / May 6, 2026 / receipt

Improve Return on Invested Capital

ir_statement / Sep 15, 2026 / receipt

Increase EBITDA

ir_statement / Sep 15, 2026 / receipt

Invest in organic growth, automation and innovation

ir_statement / Sep 15, 2026 / receipt

Streamline operations and sell non-strategic assets

ir_statement / Sep 15, 2026 / receipt

Foreign currency and input cost pressures remained headwinds

ir_statement / Sep 15, 2026 / receipt

Partially offset by higher production, procurement, ocean freight, and distribution costs

ir_statement / Sep 15, 2026 / receipt

Asset Allocation including sale of non-strategic assets, dividend and share repurchase

ir_statement / Sep 15, 2026 / receipt

Margin expansion through increased mix of value-added products

ir_statement / Sep 15, 2026 / receipt

Financial Discipline →Enhanced financial flexibility

ir_statement / Sep 15, 2026 / receipt