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Segment Information
 8 Months Ended
Jul. 11, 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 July 11, 2025, and July 12, 2024, respectively.

   

Twelve weeks Ended July 11, 2025                
Segment Information 
Twelve weeks Ended July 11, 2025  Frozen Food Products   Snack Food Products   Other   Totals 
Sales  $10,792   $41,162   $-   $51,954 
Cost of products sold   8,494    32,831    -    41,325 
Gross margin   2,298    8,331    -    10,629 
SG&A   2,831    11,777    -    14,608 
Gain on sale of property, plant, and equipment   (2)   (121)   -    (123)
Operating loss   (531)   (3,325)   -    (3,856)
                     
Total assets  $15,643   $113,384   $23,700   $152,727 
Additions to PP&E  $60   $246   $-   $306 

 

Twelve weeks Ended July 12, 2024                
Twelve weeks Ended July 12, 2024  Frozen Food Products   Snack Food Products   Other   Totals 
Sales  $11,517   $37,746   $-   $49,263 
Cost of products sold   8,670    29,369    -    38,039 
Gross margin   2,847    8,377    -    11,224 
SG&A   3,063    11,382    -    14,445 
Loss on sale of property, plant, and equipment   90    73    -    163 
Operating loss   (306)   (3,078)   -    (3,384)
                     
Total assets  $14,202   $113,444   $36,215   $163,861 
Additions to PP&E  $252   $403   $-   $655 

 

The following segment information is presented for the thirty-six weeks ended July 11, 2025, and July 12, 2024, respectively.

 

Thirty-six weeks Ended July 11, 2025                
Thirty-six weeks Ended July 11, 2025  Frozen Food Products   Snack Food Products   Other   Totals 
Sales  $38,634   $116,504   $-   $155,138 
Cost of products sold   28,948    91,605    -    120,553 
Gross margin   9,686    24,899    -    34,585 
SG&A   9,401    34,405    -    43,806 
Gain on sale of property, plant, and equipment   (7)   (160)   -    (167)
Operating income (loss)   292    (9,346)   -    (9,054)
                     
Total assets  $15,643   $113,384   $23,700   $152,727 
Additions to PP&E  $345   $1,537   $-   $1,882 

 

Thirty-six weeks Ended July 12, 2024                
Thirty-six weeks Ended July 12, 2024  Frozen Food Products   Snack Food Products   Other   Totals 
Sales  $38,821   $112,598   $-   $151,419 
Cost of products sold   28,453    84,978    -    113,431 
Gross margin   10,368    27,620    -    37,988 
SG&A   9,729    33,717    -    43,446 
Loss on sale of property, plant, and equipment   90    71    -    161 
Operating income (loss)   549    (6,168)   -    (5,619)
                     
Total assets  $14,202   $113,444   $36,215   $163,861 
Additions to PP&E  $754   $1,770   $-   $2,524 

 

 

The following information further disaggregates our sales to customers by major distribution channel and customer type for the twelve weeks ended July 11, 2025, and July 12, 2024, respectively.

   

Twelve weeks Ended July 11, 2025

 

Distribution Channel         
Distribution Channel  Retail (a)   Foodservice (b)   Totals 
Direct-store-delivery  $23,067   $-   $23,067 
Direct customer warehouse   18,095    -    18,095 
Total Snack Food Products   41,162    -    41,162 
                
Distributors   884    9,908    10,792 
Total Frozen Food Products   884    9,908    10,792 
                
Totals  $42,046   $9,908   $51,954 

 

Twelve weeks Ended July 12, 2024

 

Distribution Channel         
Distribution Channel  Retail (a)   Foodservice (b)   Totals 
Direct-store-delivery  $24,411   $-   $24,411 
Direct customer warehouse   13,335    -    13,335 
Total Snack Food Products   37,746    -    37,746 
                
Distributors   1,119    10,398    11,517 
Total Frozen Food Products   1,119    10,398    11,517 
                
Totals  $38,865   $10,398   $49,263 

 

(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 thirty-six weeks ended July 11, 2025, and July 12, 2024, respectively.

 

Thirty-six weeks Ended July 11, 2025

 

Distribution Channel         
Distribution Channel  Retail (a)   Foodservice (b)   Totals 
Direct store delivery  $71,835   $-   $71,835 
Direct customer warehouse   44,669    -    44,669 
Total Snack Food Products   116,504    -    116,504 
                
Distributors   5,566    33,068    38,634 
Total Frozen Food Products   5,566    33,068    38,634 
                
Totals  $122,070   $33,068   $155,138 

 

Thirty-six weeks Ended July 12, 2024

 

Distribution Channel         
Distribution Channel  Retail (a)   Foodservice (b)   Totals 
Direct store delivery  $76,434   $-   $76,434 
Direct customer warehouse   36,164    -    36,164 
Total Snack Food Products   112,598    -    112,598 
                
Distributors   5,120    33,701    38,821 
Total Frozen Food Products   5,120    33,701    38,821 
                
Totals  $117,718   $33,701   $151,419 

 

(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.