Subsequent Events

6 Months Ended

Mar. 25, 2023

Subsequent Events [Abstract]

Subsequent Events

Subsequent Event

In April 2023, the Company announced the closure of a leased manufacturing and distribution facility in Athens, Texas. This decision reflects the Company’s purposeful exit of low-margin private-label pet bed product lines and its efforts to achieve a simpler, more efficient manufacturing and distribution network leveraging the supply chain synergies of the Company’s cushion facilities.

This facility closure is expected to result in a one-time charge to earnings of approximately $15 million in the Company’s fiscal third quarter, composed of charges for facilities closure, severance, inventory liquidation and related intangibles, the majority of which will be non-cash.