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Segment Information
 6 Months Ended
Mar. 29, 2014
Segment Information [Abstract]  
Segment Information

I. SEGMENT INFORMATION

 

The Company operates one primary business segment, retail grocery sales.   The “Other” activities include fluid dairy and shopping center rentals.  The Company previously presented the fluid dairy and shopping center rentals as separate segments; however, these have now been combined as neither meets the criteria for separate disclosure in any period presented.  Prior year data has been recast to reflect the current segment presentation.  In addition, the Company has historically presented the revenue and expense of the shopping center rental segment “net” on the condensed consolidated statements of income.  In 2013, the Company concluded that the income and expense amounts associated with shopping center rentals should be presented as “gross” rather than “net”.  Accordingly the prior period condensed consolidated statements of income have been revised to eliminate the amounts presented as rental income, net while increasing net sales by $2.1 million and cost of goods sold by $1.7 million for the three months ended March 30, 2013.  The increase to net sales was $4.2 million and to cost of goods sold was $3.6 million for the six months ended March 30, 2013.  Management does not believe that these corrections are material to the financial statements.  Information about the Company’s operations by lines of business (amounts in thousands) is as follows: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Three Months Ended

  

Six Months Ended

 

  

March 29,

  

March 30,

  

March 29,

  

March 30,

 

 

2014

 

2013

 

2014

 

2013

Revenues from unaffiliated customers:

  

 

 

  

 

 

  

 

 

  

 

 

Grocery sales

  

$
908,448 

  

$
886,374 

  

$
1,818,534 

  

$
1,786,170 

Other

  

 
39,313 

  

 
34,320 

  

 
74,351 

  

 
69,502 

Total revenues from unaffiliated customers

  

$
947,761 

  

$
920,694 

  

$
1,892,885 

  

$
1,855,672 

 

  

 

 

  

 

 

  

 

 

  

 

 

Income from operations:

  

 

 

  

 

 

  

 

 

  

 

 

Grocery sales

  

$
24,284 

  

$
24,415 

  

$
48,449 

  

$
55,256 

Other

  

 
3,521 

  

 
3,307 

  

 
5,556 

  

 
5,947 

Total income from operations

  

$
27,805 

  

$
27,722 

  

$
54,005 

  

$
61,203 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

March 29,

 

September 28,

 

 

2014

 

2013

Assets:

  

 

 

 

 

 

Grocery sales

  

$
1,516,206 

 

$
1,528,483 

Other

  

 
146,490 

 

 
143,237 

Elimination of intercompany receivable

  

 
(2,245)

 

 
(2,392)

Total assets

  

$
1,660,451 

 

$
1,669,328 

 

 

Sales by product category (amounts in thousands) are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Three Months Ended

  

Six Months Ended

 

  

March 29,

  

March 30,

  

March 29,

  

March 30,

 

 

2014

 

2013

 

2014

 

2013

Grocery

  

$
355,658 

  

$
359,466 

  

$
714,557 

  

$
730,727 

Non-foods

  

 
176,580 

  

 
170,271 

  

 
358,454 

  

 
347,975 

Perishables

 

 
230,450 

 

 
218,433 

 

 
457,052 

 

 
438,381 

Gasoline

  

 
145,760 

  

 
138,204 

  

 
288,471 

  

 
269,087 

Total grocery segment

  

$
908,448 

  

$
886,374 

  

$
1,818,534 

  

$
1,786,170 

 

The grocery category includes grocery, dairy, and frozen foods.

The non-foods include alcoholic beverages, tobacco, pharmacy, health and video.

The perishables category includes meat, produce, deli and bakery.

 

For the three-month periods ended March 29, 2014 and March 30, 2013, respectively, the fluid dairy operation had $15.3 million and $14.8 million in sales to the grocery sales segment. The fluid dairy operation had $30.1 million and $30.7 million in sales to the grocery sales segment for the six-month periods ended March 29, 2014 and March 30, 2013, respectively. These sales have been eliminated in consolidation and are excluded from the amounts in the table above.