XML 29 R22.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Reporting
 3 Months Ended
Mar. 29, 2025
Segment Reporting [Abstract]  
Segment Reporting

N. Segment Reporting

 

Operating segments are defined as components of an enterprise about which separate discrete information is available for evaluation by the chief operating decision maker, or decision making group, in deciding how to allocate resources in assessing performance. The Company has one operating segment and one reportable segment that produces and sells alcohol beverages under various brands. All brands are predominantly beverages that are manufactured using similar production processes, have comparable alcohol content, generally fall under the same regulatory environment, and are sold to the same types of customers in similar size quantities at similar price points, with similar profit margins, and through the same channels of distribution. The Company’s chief operating decision maker (“CODM”) is the chief executive officer.

 

The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance for the segment based on net income, which is reported on the income statement as consolidated net income. The measure of segment assets is reported on the balance sheet as total consolidated assets.

 

The table below summarizes the Company’s measures of segment net income that the CODM considered in determining how to allocate resources and assess segment performance for the thirteen weeks ended March 29, 2025, and March 30, 2024

 

 

 

Thirteen weeks ended

 

 

 

March 29,
2025

 

 

March 30,
2024

 

 

 

 

 

 

 

 

Net revenue

 

$

453,867

 

 

$

426,052

 

Less:

 

 

 

 

 

 

Cost of goods sold

 

 

234,604

 

 

 

239,704

 

Salaries and benefits expenses

 

 

68,008

 

 

 

72,152

 

Advertising, promotional, and selling expenses (excluding salaries and benefits)

 

 

98,333

 

 

 

79,804

 

General and administrative expenses (excluding salaries and benefits)

 

 

19,146

 

 

 

18,703

 

Impairment of brewery assets

 

 

—

 

 

 

335

 

Interest income, net

 

 

(2,331

)

 

 

(3,493

)

Other expense, net

 

 

264

 

 

 

38

 

Income tax provision

 

 

11,431

 

 

 

6,212

 

Segment net income

 

$

24,412

 

 

$

12,597