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Segment Information
 6 Months Ended
Apr. 14, 2023
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 are not attributable to each operating segment and thus have been included as “other” in the accompanying segment information.

 

 

The following segment information is presented for the twelve weeks ended April 14, 2023, and April 15, 2022, respectively.

Schedule of Segment Reporting Information, by Segment 

Twelve weeks Ended April 14, 2023  Frozen Food Products   Snack Food Products   Other   Totals 
Segment Information
Twelve weeks Ended April 14, 2023  Frozen Food Products   Snack Food Products   Other   Totals 
Sales  $11,904   $43,606   $-   $55,510 
Cost of products sold   9,478    30,575    -    40,053 
Gross margin   2,426    13,031    -    15,457 
SG&A   3,244    11,697    -    14,941 
Loss on sale of property, plant, and equipment   30    202    -    232 
Operating (loss) income   (848)   1,132    -    284 
                     
Total assets  $15,046   $124,247   $31,566   $170,859 
Additions to PP&E  $164   $870   $-   $1,034 

 

Twelve weeks Ended April 15, 2022  Frozen Food Products   Snack Food Products   Other   Totals 
Sales  $12,477   $47,509   $-   $59,986 
Cost of products sold   8,649    34,655    -    43,304 
Gross margin   3,828    12,854    -    16,682 
SG&A   3,286    11,892    -    15,178 
Gain on sale of property, plant, and equipment   -    -    -    - 
Operating income   542    962    -    1,504 
                     
Total assets  $14,484   $121,521   $26,318   $162,323 
Additions to PP&E  $(54)  $303   $-   $249 

 

The following segment information is presented for the twenty-four weeks ended April 14, 2023, and April 15, 2022, respectively.

 

Twenty-four weeks Ended April 14, 2023  Frozen Food Products   Snack Food Products   Other   Totals 
Sales  $26,303   $90,829   $-   $117,132 
Cost of products sold   20,223    64,386    -    84,609 
Gross margin   6,080    26,443    -    32,523 
SG&A   6,888    23,847    -    30,735 
Loss on sale of property, plant, and equipment   30    130    -    160 
Operating (loss) income   (838)   2,466    -    1,628 
                     
Total assets  $15,046   $124,247   $31,566   $170,859 
Additions to PP&E  $378   $915   $-   $1,293 

 

Twenty-four weeks Ended April 15, 2022  Frozen Food Products   Snack Food Products   Other   Totals 
Sales  $24,843   $99,229   $-   $124,072 
Cost of products sold   17,500    73,497    -    90,997 
Gross margin   7,343    25,732    -    33,075 
SG&A   6,373    23,536    -    29,909 
Gain on sale of property, plant, and equipment   -    (18)   -    (18)
Operating income   970    2,214    -    3,184 
                     
Total assets  $14,484   $121,521   $26,318   $162,323 
Additions to PP&E  $6   $623   $-   $629 

 

 

The following information further disaggregates our sales to customers by major distribution channel and customer type for the twelve weeks ended April 14, 2023, and April 15, 2022, respectively.

Schedule of Disaggregates Our Sales to Customers 

Twelve weeks Ended April 14, 2023

 

Distribution Channel  Retail (a)   Foodservice (b)   Totals 
Direct store delivery  $29,053   $-   $29,053 
Direct customer warehouse   14,553    -    14,553 
Total Snack Food Products   43,606    -    43,606 
                
Distributors   1,276    10,628    11,904 
Total Frozen Food Products   1,276    10,628    11,904 
                
Totals  $44,882   $10,628   $55,510 

 

Twelve weeks Ended April 15, 2022

 

Distribution Channel  Retail (a)   Foodservice (b)   Totals 
Direct store delivery  $31,065   $-   $31,065 
Direct customer warehouse   16,444    -    16,444 
Total Snack Food Products   47,509    -    47,509 
                
Distributors   1,576    10,901    12,477 
Total Frozen Food Products   1,576    10,901    12,477 
                
Totals  $49,085   $10,901   $59,986 

 

(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.

 

Twenty-four weeks Ended April 14, 2023

 

Distribution Channel

   Retail (a)     Foodservice (b)     Totals  
Direct store delivery   $ 63,099     $ -     $ 63,099  
Direct customer warehouse     27,730       -       27,730  
Total Snack Food Products     90,829       -       90,829  
                         
Distributors     4,483       21,820       26,303  
Total Frozen Food Products     4,483       21,820       26,303  
                         
Totals   $ 95,312     $ 21,820     $ 117,132  

 

Twenty-four weeks Ended April 15, 2022

 

Distribution Channel

   Retail (a)     Foodservice (b)     Totals  
Direct store delivery   $ 67,694     $ -     $ 67,694  
Direct customer warehouse     31,535       -       31,535  
Total Snack Food Products     99,229       -       99,229  
                         
Distributors     4,515       20,328       24,843  
Total Frozen Food Products     4,515       20,328       24,843  
                         
Totals   $ 103,744     $ 20,328     $ 124,072  

 

(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.