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Significant Customers and Concentration of Credit Risk
12 Months Ended
Feb. 28, 2026
Risks and Uncertainties [Abstract]  
SIGNIFICANT CUSTOMERS AND CONCENTRATION OF CREDIT RISK SIGNIFICANT CUSTOMERS AND CONCENTRATION OF CREDIT RISK
Net sales to our 10 largest Customers represented approximately 60% of our total net sales for each of the years ended February 28, 2026, February 28, 2025, and February 29, 2024, and are expected to continue to represent a significant portion of our revenues. Net sales to Customers which individually represent 10% or more of our net sales, and the associated accounts receivable from these Customers as a percentage of our total accounts receivable, are as follows:
For the Years Ended
February 28,
2026
February 28,
2025
February 29,
2024
Reyes Beer Division entities
Net sales27.5 %25.4 %25.1 %
Accounts receivable22.0 %15.0 %17.7 %
Southern Glazer’s Wine and Spirits
Net sales6.7 %11.2 %11.7 %
Accounts receivable16.7 %32.9 %28.1 %

Net sales for the Customers above are primarily reported within the Beer and Wine and Spirits segments, respectively. Our arrangements with certain of our Customers may, generally, be terminated by either party with prior notice. The majority of our accounts receivable balance is generated from sales to independent distributors with whom we have a predetermined collection date arranged through electronic funds transfer. We perform ongoing credit evaluations of our Customers’ financial position, and management is of the opinion that any risk of significant loss is reduced due to the diversity of our Customers and geographic sales area.