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Segment Information
 3 Months Ended
Jan. 26, 2024
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 January 26, 2024, and January 20, 2023, respectively.

 

                
Segment Information 
Twelve weeks Ended January 26, 2024   Frozen Food Products    Snack Food Products    Other    Totals 
Sales  $14,399   $40,443   $-   $54,842 
Cost of products sold   10,286    28,518    -    38,804 
Gross margin   4,113    11,925    -    16,038 
SG&A   3,441    11,586    -    15,027 
Operating income   672    339    -    1,011 
                     
Total assets  $16,120   $121,223   $29,412   $166,755 
Additions to PP&E  $822   $1,038   $-   $1,860 

 

 

                 
Twelve weeks Ended January 20, 2023  Frozen Food Products   Snack Food Products   Other   Totals 
Sales  $14,399   $47,223   $-   $61,622 
Cost of products sold   10,744    33,812    -    44,556 
Gross margin   3,655    13,411    -    17,066 
SG&A   3,644    12,150    -    15,794 
Gain on sale of property, plant, and equipment   -    (72)   -    (72)
Operating income   11    1,333    -    1,344 
                     
Total assets  $15,447   $126,719   $27,445   $169,611 
Additions to PP&E  $45   $214   $-   $259 

 

The following information further disaggregates our sales to customers by major distribution channel and customer type for the twelve weeks ended January 26, 2024, and January 20, 2023, respectively.

 

Twelve weeks Ended January 26, 2024

 

Distribution Channel  Retail (a)   Foodservice (b)   Totals 
Direct store delivery  $27,986   $-   $27,986 
Direct customer warehouse   12,457    -    12,457 
Total Snack Food Products   40,443    -    40,443 
                
Distributors   2,684    11,715    14,399 
Total Frozen Food Products   2,684    11,715    14,399 
                
Totals  $43,127   $11,715   $54,842 

 

Twelve weeks Ended January 20, 2023

 

Distribution Channel  Retail (a)   Foodservice (b)   Totals 
Direct store delivery  $34,046   $-   $34,046 
Direct customer warehouse   13,177    -    13,177 
Total Snack Food Products   47,223    -    47,223 
                
Distributors   3,207    11,192    14,399 
Total Frozen Food Products   3,207    11,192    14,399 
                
Totals  $50,430   $11,192   $61,622 

 

(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.