Supplementary Quarterly Data (Unaudited)

12 Months Ended

Jun. 25, 2020

Quarterly Financial Information Disclosure [Abstract]

Supplementary Quarterly Data (Unaudited)

NOTE 19 — SUPPLEMENTARY QUARTERLY DATA (Unaudited)

The following unaudited quarterly consolidated financial data are presented for fiscal 2020 and fiscal 2019. Quarterly financial results necessarily rely on estimates and caution is required in drawing specific conclusions from quarterly consolidated results.


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Year Ended June 25, 2020:
Net sales	$	217,846	$	246,423	$	211,624	$	204,199	*
Gross profit		42,248		49,980		42,805		40,742
Income from operations		19,062		24,466		19,397		15,622
Net income		12,926		17,461		13,466		10,257
Basic earnings per common share	$	1.13	$	1.52	$	1.17	$	0.89
Diluted earnings per common share	$	1.12	$	1.52	$	1.17	$	0.89
Cash dividends declared per common share	$	3.00	$	2.00	$	—	$	1.00

*	The decrease in net sales was primarily attributable to a 3.3% decrease in weighted average selling price per pound, combined with a decrease in sales volume for foodservice customers in our commercial ingredients distribution channel as a result of the COVID-19 pandemic.


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Year Ended June 27, 2019:
Net sales	$	204,288	$	253,317	$	201,834	$	216,762
Gross profit		32,954		42,883		38,815		43,618
Income from operations		10,052		16,640		15,408		16,424
Net income		6,606		11,264		10,331		11,265
Basic earnings per common share	$	0.58	$	0.99	$	0.90	$	0.98
Diluted earnings per common share	$	0.57	$	0.98	$	0.90	$	0.98
Cash dividends declared per common share	$	2.55	$	—	$	—	$	—