Expiration dates are always pretty vague. This description is essentially correct and might be helpful to clarify. (Also note, exp dates are required in on dairy, eggs, baby formula, seafood & "potentially hazardous" or ready to eat foods.
“Expired” food is good for you: A supermarket exec’s bold business gamble. Rescuing good food that would have otherwise gone to waste and re-distributing it to those in need is what we do every day at Inter-Faith Food Shuttle!