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Segments (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Summary of Financial Information by Segment | The Company’s segment results are as follows:
|  | Fiscal Year 2024
(in thousands) |  | Nonalcoholic Beverages |  | All Other |  | Eliminations(1) |  | Total
Net sales |  | $ | 6,839,045 |  |  | $ | 346,377 |  |  | $ | (285,706) |  |  | $ | 6,899,716 |
Cost of goods sold |  | 4,138,869 |  |  | 219,204 |  |  | (211,536) |  |  | 4,146,537 |
Gross profit |  | 2,700,176 |  |  | 127,173 |  |  | (74,170) |  |  | 2,753,179 |
Selling, delivery and administrative expenses: |  |  |  |  |  |  |  |
Payroll costs(2) |  | $ | 1,146,375 |  |  | $ | 53,656 |  |  | $ | — |  |  | $ | 1,200,031 |
Fleet costs(3) |  | 103,444 |  |  | 31,475 |  |  | — |  |  | 134,919 |
Depreciation and amortization expense(4) |  | 103,444 |  |  | 2,000 |  |  | — |  |  | 105,444 |
All other segment items(5) |  | 439,686 |  |  | 26,919 |  |  | (74,170) |  |  | 392,435 |
Total selling, delivery and administrative expenses |  | 1,792,949 |  |  | 114,050 |  |  | (74,170) |  |  | 1,832,829 |
Income from operations |  | $ | 907,227 |  |  | $ | 13,123 |  |  | $ | — |  |  | $ | 920,350 |
Total depreciation and amortization expense(4) |  | $ | 177,521 |  |  | $ | 16,270 |  |  | $ | — |  |  | $ | 193,791 |
|  | Fiscal Year 2023
(in thousands) |  | Nonalcoholic Beverages |  | All Other |  | Eliminations(1) |  | Total
Net sales |  | $ | 6,562,622 |  |  | $ | 370,748 |  |  | $ | (279,512) |  |  | $ | 6,653,858 |
Cost of goods sold |  | 3,999,292 |  |  | 263,307 |  |  | (207,452) |  |  | 4,055,147 |
Gross profit |  | 2,563,330 |  |  | 107,441 |  |  | (72,060) |  |  | 2,598,711 |
Selling, delivery and administrative expenses: |  |  |  |  |  |  |  |
Payroll costs(2) |  | $ | 1,094,849 |  |  | $ | 56,729 |  |  | $ | — |  |  | $ | 1,151,578 |
Fleet costs(3) |  | 106,235 |  |  | 32,945 |  |  | — |  |  | 139,180 |
Depreciation and amortization expense(4) |  | 95,320 |  |  | 2,114 |  |  | — |  |  | 97,434 |
All other segment items(5) |  | 425,434 |  |  | 22,694 |  |  | (72,060) |  |  | 376,068 |
Total selling, delivery and administrative expenses |  | 1,721,838 |  |  | 114,482 |  |  | (72,060) |  |  | 1,764,260 |
Income from operations |  | $ | 841,492 |  |  | $ | (7,041) |  |  | $ | — |  |  | $ | 834,451 |
Total depreciation and amortization expense(4) |  | $ | 164,484 |  |  | $ | 12,482 |  |  | $ | — |  |  | $ | 176,966 |
|  | Fiscal Year 2022
(in thousands) |  | Nonalcoholic Beverages |  | All Other |  | Eliminations(1) |  | Total
Net sales |  | $ | 6,081,357 |  |  | $ | 399,360 |  |  | $ | (279,760) |  |  | $ | 6,200,957 |
Cost of goods sold |  | 3,852,819 |  |  | 288,894 |  |  | (218,710) |  |  | 3,923,003 |
Gross profit |  | 2,228,538 |  |  | 110,466 |  |  | (61,050) |  |  | 2,277,954 |
Selling, delivery and administrative expenses: |  |  |  |  |  |  |  |
Payroll costs(2) |  | $ | 1,023,634 |  |  | $ | 56,434 |  |  | $ | — |  |  | $ | 1,080,068 |
Fleet costs(3) |  | 82,308 |  |  | 26,705 |  |  | — |  |  | 109,013 |
Depreciation and amortization expense(4) |  | 92,301 |  |  | 2,232 |  |  | — |  |  | 94,533 |
All other segment items(5) |  | 391,159 |  |  | 23,184 |  |  | (61,050) |  |  | 353,293 |
Total selling, delivery and administrative expenses |  | 1,589,402 |  |  | 108,555 |  |  | (61,050) |  |  | 1,636,907 |
Income from operations |  | $ | 639,136 |  |  | $ | 1,911 |  |  | $ | — |  |  | $ | 641,047 |
Total depreciation and amortization expense(4) |  | $ | 159,845 |  |  | $ | 11,745 |  |  | $ | — |  |  | $ | 171,590 |
(1)The entire net sales elimination represents net sales from the All Other segment to the Nonalcoholic Beverages segment. The entire cost of goods sold and SD&A eliminations represent costs incurred by the All Other segment in the generation of net sales to the Nonalcoholic Beverages segment. (2)Payroll costs includes compensation, incentive plans, defined contribution plans, healthcare benefits and tax-advantaged spending accounts. (3)Fleet costs includes fleet repairs, maintenance and fuel and oil costs. (4)Total depreciation and amortization expense is included within both cost of goods sold and SD&A expenses. For segment reporting, the difference between total depreciation and amortization expense and the portion within SD&A expenses is the amount within cost of goods sold. (5)All other segment items includes information technology costs, stewardship, insurance and other costs incurred in the selling and delivery of the Company’s products.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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