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BUSINESS SEGMENTS

12 Months Ended

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.

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Wholesale

​

Retail

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​

​

​

​

Segment

Segment

Other

Consolidated

FISCAL YEAR ENDED 2024:

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​

​

​

​

​

​

​

​

​

​

​

External revenue:

​

​

​

​

​

​

​

​

​

​

​

​

Cigarettes

​

$

1,669,390,346

​

$

—

​

$

—

​

$

1,669,390,346

Tobacco

​

​

499,869,540

​

​

—

​

​

—

​

​

499,869,540

Confectionery

​

​

174,952,982

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​

—

​

​

—

​

​

174,952,982

Health food

​

​

—

​

​

42,494,231

​

​

—

​

​

42,494,231

Foodservice & other

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​

324,274,009

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​

—

​

​

—

​

​

324,274,009

Total external revenue

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​

2,668,486,877

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​

42,494,231

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​

—

​

​

2,710,981,108

Depreciation

​

​

7,983,266

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​

974,212

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​

—

​

​

8,957,478

Amortization

​

​

537,701

​

​

—

​

​

—

​

​

537,701

Operating income (loss)

​

​

31,255,079

​

​

112,831

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​

(13,387,396)

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​

17,980,514

Interest expense

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​

—

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​

—

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​

10,413,228

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​

10,413,228

Income (loss) from operations before taxes

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​

30,685,132

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​

745,893

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​

(23,968,536)

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​

7,462,489

Total assets

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​

356,187,395

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​

16,713,578

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​

1,206,337

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​

374,107,310

Capital expenditures (1)

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​

26,573,247

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​

1,857,972

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​

—

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28,431,219

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(1) Includes $10.0 million purchase of a distribution facility in Colorado City, Colorado.

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Wholesale

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Retail

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Segment

Segment

Other

Consolidated

FISCAL YEAR ENDED 2023:

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​

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​

​

External revenue:

​

​

​

​

​

​

​

​

​

​

​

​

Cigarettes

​

$

1,586,303,595

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$

—

​

$

—

​

$

1,586,303,595

Tobacco

​

​

462,509,541

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​

—

​

​

—

​

​

462,509,541

Confectionery

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​

162,614,409

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​

—

​

​

—

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​

162,614,409

Health food

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​

—

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​

43,119,285

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​

—

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​

43,119,285

Foodservice & other

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​

285,448,169

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​

—

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​

—

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​

285,448,169

Total external revenue

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​

2,496,875,714

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​

43,119,285

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​

—

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​

2,539,994,999

Depreciation

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​

5,856,980

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​

1,304,488

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​

—

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​

7,161,468

Amortization

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​

415,178

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​

—

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​

—

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​

415,178

Operating income (loss)

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​

39,701,536

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​

(720,104)

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​

(13,014,849)

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​

25,966,583

Interest expense

​

​

—

​

​

—

​

​

8,550,431

​

​

8,550,431

Income (loss) from operations before taxes

​

​

38,653,470

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​

214,203

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(21,565,280)

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​

17,302,393

Total assets

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​

345,459,274

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​

16,985,699

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​

984,227

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​

363,429,200

Capital expenditures

​

​

11,413,999

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​

1,071,226

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​

—

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12,485,225

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X

- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

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