Mark Clouse is moving on to lead the NFL’s Washington Commanders.
 

Updates its full-year fiscal 2025 net sales guidance.

The move comes in the wake of weak sales in fiscal 2024.
 

Strategy focuses on more aggressive promotion, innovation and distribution.
 

Video highlights company history and growth over the years.

Product innovation paramount to growth for both brands, CEO says.

The company gains access to cash collateral and the ability to pay vendors.
 

Company expects to emerge from process during the first quarter of 2025.
 

Allows company to compete more directly in premium snack category.

Focus is on returning underperforming businesses to growth.