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Segment Information
 6 Months Ended
Apr. 17, 2020
Segment Reporting [Abstract]  
Segment Information

Note 4 – Segment Information:

 

The Company has two reportable operating segments: Frozen Food Products (the processing and distribution of frozen food products) and Snack Food Products (the processing and distribution of meat and other convenience foods).

 

We evaluate each segment’s performance based on revenues and operating income. Selling, general and administrative (“SG&A”) expenses include corporate accounting, information systems, human resource management and marketing, which are managed at the corporate level. These activities are allocated to each operating segment based on revenues and/or actual usage. Assets managed at the corporate level have been included as “other” in the accompanying segment information.

 

The following segment information is presented for the twelve weeks ended April 17, 2020 and April 19, 2019.

 

Segment Information
Twelve weeks Ended April 17, 2020   Frozen Food Products     Snack Food Products     Other     Totals  
Sales   $ 8,944     $ 34,055     $ -     $ 42,999  
Cost of products sold     6,382       23,707       -       30,089  
Gross margin     2,562       10,348       -       12,910  
SG&A     3,404       10,176       -       13,580  
Gain on sale of property, plant and equipment     -       (4 )     -       (4 )
(Loss) income before taxes     (842 )     176       -       (666 )
                                 
Total assets   $ 10,531     $ 101,671     $ 32,015     $ 144,217  
Additions to PP&E   $ 67     $ 4,744     $ -     $ 4,811  

 

Twelve weeks Ended April 19, 2019   Frozen Food Products     Snack Food Products     Other     Totals  
Sales   $ 11,546     $ 29,897     $ -     $ 41,443  
Cost of products sold     7,350       19,692       -       27,042  
Gross margin     4,196       10,205       -       14,401  
SG&A     3,102       8,506       -       11,608  
Gain on sale of property, plant and equipment     -       -       -       -  
Income before taxes     1,094       1,699       -       2,793  
                                 
Total assets   $ 11,533     $ 78,981     $ 20,521     $ 111,035  
Additions to PP&E   $ 174     $ 6,753     $ -     $ 6,927  

 

The following segment information is presented for the twenty-four weeks ended April 17, 2020 and April 19, 2019.

 

Twenty-four weeks Ended April 17, 2020   Frozen Food Products     Snack Food Products     Other     Totals  
Sales   $ 20,299     $ 69,342     $ -     $ 89,641  
Cost of products sold     14,055       47,622       -       61,677  
Gross margin     6,244       21,720       -       27,964  
SG&A     6,606       19,592       -       26,198  
Gain on sale of property, plant and equipment     -       (17 )     -       (17 )
(Loss) income before taxes     (362 )     2,145       -       1,783  
                                 
Total assets   $ 10,531     $ 101,671     $ 32,015     $ 144,217  
Additions to PP&E   $ 105     $ 10,880     $ -     $ 10,985  

 

Twenty-four weeks Ended April 19, 2019   Frozen Food Products     Snack Food Products     Other     Totals  
Sales   $ 23,418     $ 63,066     $ -     $ 86,484  
Cost of products sold     15,314       41,115       -       56,429  
Gross margin     8,104       21,951       -       30,055  
SG&A     6,900       17,795       -       24,695  
Gain on sale of property, plant and equipment     -       -       -       -  
Income before taxes     1,204       4,156       -       5,360  
                                 
Total assets   $ 11,533     $ 78,981     $ 20,521     $ 111,035  
Additions to PP&E   $ 277     $ 13,841     $ -     $ 14,118  

 

The following information further disaggregates our sales to customers by major distribution channel and customer type for the twelve weeks ended April 17, 2020 and April 19, 2019, respectively.

 

Twelve weeks Ended April 17, 2020

 

Distribution Channel

   Retail (a)     Foodservice (b)     Totals  
Direct store delivery   $ 25,859     $ -     $ 25,859  
Direct customer warehouse     8,196       -       8,196  
Total Snack Food Products     34,055       -       34,055  
                         
Distributors     1,945       6,999       8,944  
Total Frozen Food Products     1,945       6,999       8,944  
                         
Totals   $ 36,000     $ 6,999     $ 42,999  

 

Twelve weeks Ended April 19, 2019

 

Distribution Channel

   Retail (a)     Foodservice (b)     Totals  
Direct store delivery   $ 22,656     $ -     $ 22,656  
Direct customer warehouse     7,241       -       7,241  
Total Snack Food Products     29,897       -       29,897  
                         
Distributors     1,373       10,173       11,546  
Total Frozen Food Products     1,373       10,173       11,546  
                         
Totals   $ 31,270     $ 10,173     $ 41,443  

 

(a) Includes sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.

 

(b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.

 

The following information further disaggregates our sales to customers by major distribution channel and customer type for the twenty-four weeks ended April 17, 2020 and April 19, 2019, respectively.

 

Twenty-four weeks Ended April 17, 2020

 

Distribution Channel

   Retail (a)     Foodservice (b)     Totals  
Direct store delivery   $ 50,995     $ -     $ 50,995  
Direct customer warehouse     18,347       -       18,347  
Total Snack Food Products     69,342       -       69,342  
                         
Distributors     4,667       15,632       20,299  
Total Frozen Food Products     4,667       15,632       20,299  
                         
Totals   $ 74,009     $ 15,632     $ 89,641  

 

Twenty-four weeks Ended April 19, 2019

 

Distribution Channel

   Retail (a)     Foodservice (b)     Totals  
Direct store delivery   $ 46,224     $ -     $ 46,224  
Direct customer warehouse     16,842       -       16,842  
Total Snack Food Products     63,066       -       63,066  
                         
Distributors     3,639       19,779       23,418  
Total Frozen Food Products     3,639       19,779       23,418  
                         
Totals   $ 66,705     $ 19,779     $ 86,484  

 

(a) Includes sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.

 

(b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.