On December 3, 2024, the company acquired the Strauss Group's 50% ownership in Sabra for total consideration of $241 million in cash, making Sabra a wholly-owned subsidiary, and recognized a pre-tax remeasurement gain of $122 million ($0.07 per share) in its FLNA division.

10-KAnnual reportFiled Feb 4, 2025Period of report Dec 28, 2024Summary published (UTC) Oct 10, 2026

Key points

AI summary

On December 3, 2024, the company acquired the Strauss Group's 50% ownership in Sabra for total consideration of $241 million in cash, making Sabra a wholly-owned subsidiary, and recognized a pre-tax remeasurement gain of $122 million ($0.07 per share) in its FLNA division.
On January 17, 2025, the company acquired all outstanding equity interest in Siete, a Mexican-American foods business, for approximately $1.2 billion in cash, subject to adjustments for net working capital and net debt, and said it will account for the transaction as a business combination in Q1 2025.
The company said its Russia operations accounted for 4% of consolidated net revenue for each of the years ended December 28, 2024 and December 30, 2023, and 10% and 6% of consolidated cash and cash equivalents as of the end of each such year.
The company said payment terms with most suppliers are generally 60 to 90 days, and explained that suppliers may voluntarily sell their receivables to financial institutions, with the company not being a party to such arrangements and providing no guarantees.

Key figures

Fiscal year ended December 28, 2024

Revenue: $91.9B
Operating income: $12.9B
Net income: $9.6B
EPS: $6.95
Gross profit: $50.1B
Operating cash flow: $12.5B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Acquisition of Remaining Ownership in Sabra

On December 3, 2024, the company acquired the Strauss Group's 50% ownership in Sabra for total consideration of $241 million in cash, making Sabra a wholly-owned subsidiary, and recognized a pre-tax remeasurement gain of $122 million ($0.07 per share) in its FLNA division.

Source · Based on the MD&A text of the filing

Acquisition of Siete and Accounting Treatment

On January 17, 2025, the company acquired all outstanding equity interest in Siete, a Mexican-American foods business, for approximately $1.2 billion in cash, subject to adjustments for net working capital and net debt, and said it will account for the transaction as a business combination in Q1 2025.

Source · Based on the MD&A text of the filing

Russia Operations as Percentage of Revenue and Assets

The company said its Russia operations accounted for 4% of consolidated net revenue for each of the years ended December 28, 2024 and December 30, 2023, and 10% and 6% of consolidated cash and cash equivalents as of the end of each such year.

Source · Based on the MD&A text of the filing

Supplier Payment Terms and Supply Chain Finance

The company said payment terms with most suppliers are generally 60 to 90 days, and explained that suppliers may voluntarily sell their receivables to financial institutions, with the company not being a party to such arrangements and providing no guarantees.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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