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Segment Information
 6 Months Ended
Mar. 28, 2026
Segment Information [Abstract]  
Segment Information K. SEGMENT INFORMATION

 

The reportable segments were determined based on information reviewed by the Company’s CODM for operational decision-making purposes, and the segment information is prepared on the same basis that the CODM reviews such financial information. The Company operates one primary business segment, retail grocery sales (representing the aggregation of individual retail stores) and includes four categories of product sales: grocery, non-foods, perishables and fuel. The “All Other” segment includes the results of non-reportable segments, fluid dairy and shopping center rentals, which do not meet both quantitative and qualitative criteria as defined under ASC 280, Segment Reporting. Beginning in fiscal year 2025, expense allocation methodology changed to include direct and indirect costs associated with the shopping center rentals that were previously included in the retail segment. The results for the three and six months ended March 29, 2025 were recast to be comparable. The CODM utilizes operating income to assess the Company’s operating performance and to make decisions about allocating resources to each segment. The CODM does not review assets in evaluating results. Therefore, such information is not provided. The Company’s President and Chief Executive Officer is the CODM. The accounting policies are the same as those described in the summary of significant accounting policies.

The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

See below for a reconciliation of net income (amounts in thousands):

Three Months Ended

Six Months Ended

March 28,

March 29,

March 28,

March 29,

2026

2025

2026

2025

Retail grocery revenue

Grocery (1)

$

489,864

$

492,048

$

991,994

$

969,583

Non-foods (2)

264,891

286,174

570,353

575,617

Perishables (3)

353,590

348,132

713,253

682,434

Fuel

147,930

150,649

300,065

294,434

Total retail grocery revenue

$

1,256,275

$

1,277,003

$

2,575,665

$

2,522,068

All other revenue

51,588

54,270

105,176

97,320

Total revenues from unaffiliated customers

$

1,307,863

$

1,331,273

$

2,680,841

$

2,619,388

Total retail grocery revenue

$

1,256,275

$

1,277,003

$

2,575,665

$

2,522,068

Less retail grocery expenses:

Merchandise costs (4)

947,027

983,287

1,949,660

1,936,395

Salary and wages

146,515

148,066

296,280

284,045

Insurance costs

11,036

13,609

26,955

27,205

Repair and maintenance

23,332

22,693

45,152

44,628

Bank charges

15,075

14,646

31,099

28,564

Depreciation and amortization

22,656

23,340

45,586

46,965

Utilities

16,345

16,298

30,991

31,105

Other retail grocery expenses (5)

45,006

39,789

85,824

84,348

Retail grocery operating income

$

29,283

$

15,275

$

64,118

$

38,813

Other operating income (6)

5,188

6,366

9,488

6,399

Other income

2,765

2,842

5,683

6,140

Interest expense

4,495

4,879

9,102

9,890

Taxes

8,474

4,498

17,791

9,768

Net income

$

24,267

$

15,106

$

52,396

$

31,694

  

(1)The “Grocery” category includes grocery, dairy, and frozen foods.

(2)The “Non-foods” category includes alcoholic beverages, tobacco, pharmacy, and health/beauty/cosmetic products.

(3)The “Perishables” category includes meat, produce, deli and bakery.

(4)Merchandise costs include product costs, net of discounts and allowances, warehousing, distribution and freight.

(5)Other retail grocery expenses include supplies, taxes and licenses, advertising, professional fees and other expenses.

(6)Other operating income includes operating income from shopping center rentals, fluid dairy and the gain or loss on the disposal of fixed assets.