Supplementary Quarterly Data (Unaudited)

12 Months Ended

Jun. 24, 2021

Quarterly Financial Information Disclosure [Abstract]

Supplementary Quarterly Data (Unaudited)

NOTE 18 — SUPPLEMENTARY QUARTERLY DATA (Unaudited)

The following unaudited quarterly consolidated financial data are presented for fiscal 2021 and fiscal 2020. 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 24, 2021:
Net sales	$	210,273	$	233,575	$	207,892	$	206,742
Gross profit		39,332		52,795		46,046		46,814
Income from operations		18,873		27,796		21,097		17,412
Net income		12,812		19,885		14,701		12,343
Basic earnings per common share	$	1.12	$	1.73	$	1.28	$	1.07
Diluted earnings per common share	$	1.11	$	1.72	$	1.27	$	1.07
Cash dividends declared per common share	$	2.50	$	—	$	2.50	$	—


	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.