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BUSINESS SEGMENTS | 12 Months Ended
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Sep. 30, 2024
BUSINESS SEGMENTS |
BUSINESS SEGMENTS | 13. BUSINESS SEGMENTS: The Company has two reportable business segments: the wholesale distribution of consumer products (the Wholesale Segment), and the retail sale of health and natural food products (the Retail Segment). The aggregation of the Company’s business operations into these business segments was based on a range of considerations including but not limited to the characteristics of each business, similarities in the nature and type of products sold, customer classes, methods used to sell the products and economic profiles. Included in the “Other” column are intercompany eliminations and assets held and charges incurred and income earned by our holding company. The segments are evaluated on revenues, gross margins, operating income (loss), and income (loss) from operations before taxes. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale | ​ | Retail | ​ | ​ | ​ | ​
​ |  | Segment |  | Segment |  | Other |  | Consolidated
FISCAL YEAR ENDED 2024: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 1,669,390,346 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,669,390,346
Tobacco | ​ | ​ | 499,869,540 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 499,869,540
Confectionery | ​ | ​ | 174,952,982 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 174,952,982
Health food | ​ | ​ | — | ​ | ​ | 42,494,231 | ​ | ​ | — | ​ | ​ | 42,494,231
Foodservice & other | ​ | ​ | 324,274,009 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 324,274,009
Total external revenue | ​ | ​ | 2,668,486,877 | ​ | ​ | 42,494,231 | ​ | ​ | — | ​ | ​ | 2,710,981,108
Depreciation | ​ | ​ | 7,983,266 | ​ | ​ | 974,212 | ​ | ​ | — | ​ | ​ | 8,957,478
Amortization | ​ | ​ | 537,701 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 537,701
Operating income (loss) | ​ | ​ | 31,255,079 | ​ | ​ | 112,831 | ​ | ​ | (13,387,396) | ​ | ​ | 17,980,514
Interest expense | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 10,413,228 | ​ | ​ | 10,413,228
Income (loss) from operations before taxes | ​ | ​ | 30,685,132 | ​ | ​ | 745,893 | ​ | ​ | (23,968,536) | ​ | ​ | 7,462,489
Total assets | ​ | ​ | 356,187,395 | ​ | ​ | 16,713,578 | ​ | ​ | 1,206,337 | ​ | ​ | 374,107,310
Capital expenditures (1) | ​ | ​ | 26,573,247 | ​ | ​ | 1,857,972 | ​ | ​ | — | ​ | ​ | 28,431,219
​ (1) Includes $10.0 million purchase of a distribution facility in Colorado City, Colorado. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale | ​ | Retail | ​ | ​ | ​ | ​
​ |  | Segment |  | Segment |  | Other |  | Consolidated
FISCAL YEAR ENDED 2023: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cigarettes | ​ | $ | 1,586,303,595 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,586,303,595
Tobacco | ​ | ​ | 462,509,541 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 462,509,541
Confectionery | ​ | ​ | 162,614,409 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 162,614,409
Health food | ​ | ​ | — | ​ | ​ | 43,119,285 | ​ | ​ | — | ​ | ​ | 43,119,285
Foodservice & other | ​ | ​ | 285,448,169 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 285,448,169
Total external revenue | ​ | ​ | 2,496,875,714 | ​ | ​ | 43,119,285 | ​ | ​ | — | ​ | ​ | 2,539,994,999
Depreciation | ​ | ​ | 5,856,980 | ​ | ​ | 1,304,488 | ​ | ​ | — | ​ | ​ | 7,161,468
Amortization | ​ | ​ | 415,178 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 415,178
Operating income (loss) | ​ | ​ | 39,701,536 | ​ | ​ | (720,104) | ​ | ​ | (13,014,849) | ​ | ​ | 25,966,583
Interest expense | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 8,550,431 | ​ | ​ | 8,550,431
Income (loss) from operations before taxes | ​ | ​ | 38,653,470 | ​ | ​ | 214,203 | ​ | ​ | (21,565,280) | ​ | ​ | 17,302,393
Total assets | ​ | ​ | 345,459,274 | ​ | ​ | 16,985,699 | ​ | ​ | 984,227 | ​ | ​ | 363,429,200
Capital expenditures | ​ | ​ | 11,413,999 | ​ | ​ | 1,071,226 | ​ | ​ | — | ​ | ​ | 12,485,225
​

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