“Discount rates, long-term growth rates, and royalty rates used to estimate the fair value of our domestic retail brands with 10% or less excess fair value over carrying amount as of the fiscal 2026 annual impairment test were as follows: Discount Rate Long-Term Growth Rate Royalty Rate Carrying Amount (in millions) Minimum Maximum Minimum Maximum Minimum Maximum Brands (<10% cushion) $ 902.1 11.50% 13.50% 0.0% 2.0% 1.0% 11.0% Assumptions used in impairment testing are made at a point in time and require significant judgment; therefore, they are subject to change based upon the facts and circumstances present at each annual impairment test date.”
“Net sales for fiscal 2026 in our Foodservice segment included an increase in organic price/mix of 3.6% compared to fiscal 2025, primarily due to inflation justified pricing actions.”
“After adjusting for items impacting comparability, earnings decreased primarily due to higher interest expense and higher marketing and selling expenses, partially offset by an increase in gross profit and a lower effective tax rate.”