XML 22 R10.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Information
 6 Months Ended
Apr. 18, 2025
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 18, 2025, and April 19, 2024, respectively.

  

Twelve weeks Ended April 18, 2025                
Segment Information 
Twelve weeks Ended April 18, 2025   Frozen Food Products    Snack Food Products    Other    Totals 
Sales  $13,313   $37,326   $-   $50,639 
Cost of products sold   9,870    29,698    -    39,568 
Gross margin   3,443    7,628    -    11,071 
SG&A   3,201    11,085    -    14,286 
Gain on sale of property, plant, and equipment   (4)   (24)   -    (28)
Operating income (loss)   246    (3,433)   -    (3,187)
                     
Total assets  $17,859   $114,056   $20,528   $152,443 
Additions to PP&E  $39   $1,006   $-   $1,045 

 

Twelve weeks Ended April 19, 2024                
Twelve weeks Ended April 19, 2024  Frozen Food Products   Snack Food Products   Other   Totals 
Sales  $12,905   $34,409   $-   $47,314 
Cost of products sold   9,496    27,092    -    36,588 
Gross margin   3,409    7,317    -    10,726 
SG&A   3,224    10,750    -    13,974 
Gain on sale of property, plant, and equipment   -    (2)   -    (2)
Operating income (loss)   185    (3,431)   -    (3,246)
                     
Total assets  $15,259   $117,203   $31,931   $164,393 
(Disposals) additions to PP&E  $(320)  $329   $-   $9 

 

The following segment information is presented for the twenty-four weeks ended April 18, 2025, and April 19, 2024, respectively.

 

Twenty-four weeks Ended April 18, 2025                
Twenty-four weeks Ended April 18, 2025  Frozen Food Products   Snack Food Products   Other   Totals 
Sales  $27,842   $75,342   $-   $103,184 
Cost of products sold   20,454    58,774    -    79,228 
Gross margin   7,388    16,568    -    23,956 
SG&A   6,571    22,627    -    29,198 
Gain on sale of property, plant, and equipment   (4)   (40)   -    (44)
Operating income (loss)   821    (6,019)   -    (5,198)
                     
Total assets  $17,859   $114,056   $20,528   $152,443 
Additions to PP&E  $286   $1,290   $-   $1,576 

 

Twenty-four weeks Ended April 19, 2024                
Twenty-four weeks Ended April 19, 2024  Frozen Food Products   Snack Food Products   Other   Totals 
Sales  $27,304   $74,852   $-   $102,156 
Cost of products sold   19,782    55,610    -    75,392 
Gross margin   7,522    19,242    -    26,764 
SG&A   6,666    22,335    -    29,001 
Gain on sale of property, plant, and equipment   -    (2)   -    (2)
Operating income (loss)   856    (3,091)   -    (2,235)
                     
Total assets  $15,259   $117,203   $31,931   $164,393 
Additions to PP&E  $502   $1,367   $-   $1,869 

 

 

The following information further disaggregates our sales to customers by major distribution channel and customer type for the twelve weeks ended April 18, 2025, and April 19, 2024, respectively.

  

Twelve weeks Ended April 18, 2025

 

Distribution Channel  Retail (a)   Foodservice (b)   Totals 
Direct-store-delivery  $22,061   $-   $22,061 
Direct customer warehouse   15,265    -    15,265 
Total Snack Food Products   37,326    -    37,326 
                
Distributors   2,064    11,249    13,313 
Total Frozen Food Products   2,064    11,249    13,313 
                
Totals  $39,390   $11,249   $50,639 

 

Twelve weeks Ended April 19, 2024

 

Distribution Channel  Retail (a)   Foodservice (b)   Totals 
Direct-store-delivery  $24,039   $-   $24,039 
Direct customer warehouse   10,370    -    10,370 
Total Snack Food Products   34,409    -    34,409 
                
Distributors   1,317    11,588    12,905 
Total Frozen Food Products   1,317    11,588    12,905 
                
Totals  $35,726   $11,588   $47,314 

 

(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 non-commercial 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 18, 2025, and April 19, 2024, respectively.

 

Twenty-four weeks Ended April 18, 2025

 

Distribution Channel  Retail (a)   Foodservice (b)   Totals 
Direct store delivery  $48,768   $-   $48,768 
Direct customer warehouse   26,574    -    26,574 
Total Snack Food Products   75,342    -    75,342 
                
Distributors   4,682    23,160    27,842 
Total Frozen Food Products   4,682    23,160    27,842 
                
Totals  $80,024   $23,160   $103,184 

 

Twenty-four weeks Ended April 19, 2024

 

Distribution Channel

  Retail (a)   Foodservice (b)   Totals 
Direct store delivery  $52,024   $-   $52,024 
Direct customer warehouse   22,828    -    22,828 
Total Snack Food Products   74,852    -    74,852 
                
Distributors   4,001    23,303    27,304 
Total Frozen Food Products   4,001    23,303    27,304 
                
Totals  $78,853   $23,303   $102,156 

 

(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 non-commercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.