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Segment Reporting (Tables)
9 Months Ended
Sep. 27, 2025
Segment Reporting [Abstract]  
Summary of Segment Net Income

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 and thirty-nine weeks ended September 27, 2025, and September 28, 2024

 

 

 

Thirteen weeks ended

 

 

Thirty-nine weeks ended

 

 

 

September 27, 2025

 

 

September 28, 2024

 

 

September 27, 2025

 

 

September 28,
2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

(in thousands)

 

Net revenue

 

$

537,494

 

 

$

605,477

 

 

$

1,579,310

 

 

$

1,610,627

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold

 

 

264,377

 

 

 

325,236

 

 

 

794,412

 

 

 

877,580

 

Salaries and benefits expenses

 

 

65,628

 

 

 

58,134

 

 

 

192,376

 

 

 

193,437

 

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

 

 

124,782

 

 

 

113,121

 

 

 

347,474

 

 

 

299,307

 

General and administrative expenses (excluding salaries and benefits)

 

 

19,242

 

 

 

20,549

 

 

 

60,752

 

 

 

61,966

 

Impairment of intangible assets

 

 

 

 

 

42,584

 

 

 

 

 

 

42,584

 

Impairment of brewery assets

 

 

1,416

 

 

 

20

 

 

 

6,401

 

 

 

3,751

 

Interest income, net

 

 

(2,696

)

 

 

(3,582

)

 

 

(7,320

)

 

 

(10,021

)

Other expense, net

 

 

595

 

 

 

317

 

 

 

1,168

 

 

 

795

 

Income tax provision

 

 

17,995

 

 

 

15,584

 

 

 

53,047

 

 

 

42,778

 

Segment net income

 

$

46,155

 

 

$

33,514

 

 

$

131,000

 

 

$

98,450