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Revenue
 9 Months Ended
Oct. 08, 2022
Revenue From Contract With Customer [Abstract]  
Revenue

Note 3 – Revenue

Disaggregation of Revenue

The following table provides information about disaggregated revenue by type of products and customers for each of the Company’s reportable segments:

 

12 Weeks Ended October 8, 2022

 

 

40 Weeks Ended October 8, 2022

 

(In thousands)

Wholesale

 

 

Retail

 

 

Total

 

 

Wholesale

 

 

Retail

 

 

Total

 

Type of products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Center store (a)

$

 

642,552

 

 

$

 

259,044

 

 

$

 

901,596

 

 

$

 

2,010,150

 

 

$

 

806,116

 

 

$

 

2,816,266

 

Fresh (b)

 

 

508,440

 

 

 

 

253,712

 

 

 

 

762,152

 

 

 

 

1,647,860

 

 

 

 

811,879

 

 

 

 

2,459,739

 

Non-food (c)

 

 

450,974

 

 

 

 

106,074

 

 

 

 

557,048

 

 

 

 

1,466,281

 

 

 

 

342,015

 

 

 

 

1,808,296

 

Fuel

 

 

—

 

 

 

 

47,567

 

 

 

 

47,567

 

 

 

 

—

 

 

 

 

159,514

 

 

 

 

159,514

 

Other

 

 

27,903

 

 

 

 

246

 

 

 

 

28,149

 

 

 

 

89,442

 

 

 

 

803

 

 

 

 

90,245

 

Total

$

 

1,629,869

 

 

$

 

666,643

 

 

$

 

2,296,512

 

 

$

 

5,213,733

 

 

$

 

2,120,327

 

 

$

 

7,334,060

 

Type of customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individuals

$

 

—

 

 

$

 

666,415

 

 

$

 

666,415

 

 

$

 

—

 

 

$

 

2,119,553

 

 

$

 

2,119,553

 

Independent retailers (d)

 

 

554,191

 

 

 

 

—

 

 

 

 

554,191

 

 

 

 

1,787,685

 

 

 

 

—

 

 

 

 

1,787,685

 

National accounts

 

 

552,980

 

 

 

 

—

 

 

 

 

552,980

 

 

 

 

1,785,704

 

 

 

 

—

 

 

 

 

1,785,704

 

Military (e)

 

 

508,102

 

 

 

 

—

 

 

 

 

508,102

 

 

 

 

1,596,612

 

 

 

 

—

 

 

 

 

1,596,612

 

Other

 

 

14,596

 

 

 

 

228

 

 

 

 

14,824

 

 

 

 

43,732

 

 

 

 

774

 

 

 

 

44,506

 

Total

$

 

1,629,869

 

 

$

 

666,643

 

 

$

 

2,296,512

 

 

$

 

5,213,733

 

 

$

 

2,120,327

 

 

$

 

7,334,060

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12 Weeks Ended October 9, 2021

 

 

40 Weeks Ended October 9, 2021

 

(In thousands)

Wholesale

 

 

Retail

 

 

Total

 

 

Wholesale

 

 

Retail

 

 

Total

 

Type of products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Center store (a)

$

 

559,129

 

 

$

 

235,784

 

 

$

 

794,913

 

 

$

 

1,837,100

 

 

$

 

763,006

 

 

$

 

2,600,106

 

Fresh (b)

 

 

455,052

 

 

 

 

233,347

 

 

 

 

688,399

 

 

 

 

1,564,646

 

 

 

 

758,591

 

 

 

 

2,323,237

 

Non-food (c)

 

 

423,167

 

 

 

 

98,806

 

 

 

 

521,973

 

 

 

 

1,376,091

 

 

 

 

326,543

 

 

 

 

1,702,634

 

Fuel

 

 

—

 

 

 

 

40,544

 

 

 

 

40,544

 

 

 

 

—

 

 

 

 

118,880

 

 

 

 

118,880

 

Other

 

 

27,168

 

 

 

 

256

 

 

 

 

27,424

 

 

 

 

91,617

 

 

 

 

1,138

 

 

 

 

92,755

 

Total

$

 

1,464,516

 

 

$

 

608,737

 

 

$

 

2,073,253

 

 

$

 

4,869,454

 

 

$

 

1,968,158

 

 

$

 

6,837,612

 

Type of customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individuals

$

 

—

 

 

$

 

608,506

 

 

$

 

608,506

 

 

$

 

—

 

 

$

 

1,967,372

 

 

$

 

1,967,372

 

Independent retailers (d)

 

 

515,272

 

 

 

 

—

 

 

 

 

515,272

 

 

 

 

1,676,879

 

 

 

 

—

 

 

 

 

1,676,879

 

National accounts

 

 

505,131

 

 

 

 

—

 

 

 

 

505,131

 

 

 

 

1,709,343

 

 

 

 

—

 

 

 

 

1,709,343

 

Military (e)

 

 

430,818

 

 

 

 

—

 

 

 

 

430,818

 

 

 

 

1,439,287

 

 

 

 

—

 

 

 

 

1,439,287

 

Other

 

 

13,295

 

 

 

 

231

 

 

 

 

13,526

 

 

 

 

43,945

 

 

 

 

786

 

 

 

 

44,731

 

Total

$

 

1,464,516

 

 

$

 

608,737

 

 

$

 

2,073,253

 

 

$

 

4,869,454

 

 

$

 

1,968,158

 

 

$

 

6,837,612

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) Center store includes dry grocery, frozen and beverages.

 

 

 

 

 

 

 

 

 

 

 

(b) Fresh includes produce, meat, dairy, deli, bakery, prepared proteins, seafood and floral.

 

 

 

 

 

 

 

 

 

 

 

(c) Non-food includes general merchandise, health and beauty care, tobacco products and pharmacy.

 

 

 

 

 

 

 

 

 

(d) Independent retailers include sales that were previously classified within the former Food Distribution segment to manufacturers, brokers and distributors.

 

(e) Military represents the distribution of grocery products to U.S. military commissaries and exchanges, which primarily includes sales to manufacturers and brokers.

 

Contract Assets and Liabilities

Under its contracts with customers, the Company stands ready to deliver product upon receipt of a purchase order. Accordingly, the Company has no performance obligations under its contracts until its customers submit a purchase order. The Company does not receive pre-payment from its customers or enter into commitments to provide goods or services that have terms greater than one year. As the performance obligation is part of a contract that has an original expected duration of less than one year, the Company has applied the practical expedient under ASC 606, Revenue from Contracts with Customers, to omit disclosures regarding remaining performance obligations.

Revenue recognized from performance obligations related to prior periods (for example, due to changes in estimated rebates and incentives impacting the transaction price) was not material in any period presented.

For volume-based arrangements, the Company estimates the amount of the advanced funds earned by the retailers based on the expected volume of purchases by the retailer and amortizes the advances as a reduction of the transaction price and revenue earned. These advances are not considered contract assets under ASC 606 as they are not generated through the transfer of goods or services to the retailers. These advances are included in Other assets, net within the condensed consolidated balance sheets.

When the Company transfers goods or services to a customer, payment is due subject to normal terms and is not conditional on anything other than the passage of time. Typical payment terms range from due upon receipt to 30 days, depending on the customer. At contract inception, the Company expects that the period of time between the transfer of goods to the customer and when the customer pays for those goods will be less than one year, which is consistent with the Company’s standard payment terms. Accordingly, the Company has elected the practical expedient to not adjust for the effects of a significant financing component. As a result, these amounts are recorded as receivables and not contract assets. The Company had no contract assets for any period presented.

The Company does not typically incur incremental costs of obtaining a contract that are contingent upon successful contract execution and would therefore be capitalized.

Allowance for Credit Losses

Changes to the balance of the allowance for credit losses were as follows:

 

 

Allowance for Credit Losses

 

 

 

Current Accounts

 

 

Long-term

 

 

 

 

 

(In thousands)

 

and Notes Receivable

 

 

Notes Receivable

 

 

Total

 

Balance at January 1, 2022

 

$

 

4,414

 

 

$

 

731

 

 

$

 

5,145

 

Changes in credit loss estimates

 

 

 

903

 

 

 

 

—

 

 

 

 

903

 

Write-offs charged against the allowance

 

 

 

(756

)

 

 

 

—

 

 

 

 

(756

)

Balance at October 8, 2022

 

$

 

4,561

 

 

$

 

731

 

 

$

 

5,292

 

 

 

 

Allowance for Credit Losses

 

 

 

Current Accounts

 

 

Long-term

 

 

 

 

 

(In thousands)

 

and Notes Receivable

 

 

Notes Receivable

 

 

Total

 

Balance at January 2, 2021

 

$

 

6,232

 

 

$

 

371

 

 

$

 

6,603

 

Changes in credit loss estimates

 

 

 

(1,097

)

 

 

 

360

 

 

 

 

(737

)

Write-offs charged against the allowance

 

 

 

(693

)

 

 

 

—

 

 

 

 

(693

)

Balance at October 9, 2021

 

$

 

4,442

 

 

$

 

731

 

 

$

 

5,173