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Revenue
 4 Months Ended
Apr. 22, 2023
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:

 

16 Weeks Ended April 22, 2023

 

 

(In thousands)

Wholesale

 

 

Retail

 

 

Total

 

 

Type of products:

 

 

 

 

 

 

 

 

 

 

 

 

Center store (a)

$

 

827,701

 

 

$

 

314,814

 

 

$

 

1,142,515

 

 

Fresh (b)

 

 

654,258

 

 

 

 

310,712

 

 

 

 

964,970

 

 

Non-food (c)

 

 

570,967

 

 

 

 

147,599

 

 

 

 

718,566

 

 

Fuel

 

 

—

 

 

 

 

48,266

 

 

 

 

48,266

 

 

Other

 

 

32,758

 

 

 

 

319

 

 

 

 

33,077

 

 

Total

$

 

2,085,684

 

 

$

 

821,710

 

 

$

 

2,907,394

 

 

Type of customers:

 

 

 

 

 

 

 

 

 

 

 

 

Individuals

$

 

—

 

 

$

 

821,392

 

 

$

 

821,392

 

 

Independent retailers (d)

 

 

702,806

 

 

 

 

—

 

 

 

 

702,806

 

 

National accounts

 

 

681,985

 

 

 

 

—

 

 

 

 

681,985

 

 

Military (e)

 

 

685,695

 

 

 

 

—

 

 

 

 

685,695

 

 

Other

 

 

15,198

 

 

 

 

318

 

 

 

 

15,516

 

 

Total

$

 

2,085,684

 

 

$

 

821,710

 

 

$

 

2,907,394

 

 

 

 

 

 

16 Weeks Ended April 23, 2022

 

 

(In thousands)

Wholesale

 

 

Retail

 

 

Total

 

 

Type of products:

 

 

 

 

 

 

 

 

 

 

 

 

Center store (a)

$

 

767,653

 

 

$

 

295,056

 

 

$

 

1,062,709

 

 

Fresh (b)

 

 

628,054

 

 

 

 

299,879

 

 

 

 

927,933

 

 

Non-food (c)

 

 

553,139

 

 

 

 

131,431

 

 

 

 

684,570

 

 

Fuel

 

 

—

 

 

 

 

54,591

 

 

 

 

54,591

 

 

Other

 

 

33,533

 

 

 

 

322

 

 

 

 

33,855

 

 

Total

$

 

1,982,379

 

 

$

 

781,279

 

 

$

 

2,763,658

 

 

Type of customers:

 

 

 

 

 

 

 

 

 

 

 

 

Individuals

$

 

—

 

 

$

 

780,959

 

 

$

 

780,959

 

 

Independent retailers (d)

 

 

678,989

 

 

 

 

—

 

 

 

 

678,989

 

 

National accounts

 

 

680,288

 

 

 

 

—

 

 

 

 

680,288

 

 

Military (e)

 

 

607,794

 

 

 

 

—

 

 

 

 

607,794

 

 

Other

 

 

15,308

 

 

 

 

320

 

 

 

 

15,628

 

 

Total

$

 

1,982,379

 

 

$

 

781,279

 

 

$

 

2,763,658

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 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 Accounting Standards Codification (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 due within 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 December 31, 2022

 

$

 

6,098

 

 

$

 

948

 

 

$

 

7,046

 

Changes in credit loss estimates

 

 

 

(1,370

)

 

 

 

240

 

 

 

 

(1,130

)

Write-offs charged against the allowance

 

 

 

(210

)

 

 

 

—

 

 

 

 

(210

)

Balance at April 22, 2023

 

 

 

4,518

 

 

 

 

1,188

 

 

 

 

5,706

 

 

 

 

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

 

 

 

330

 

 

 

 

—

 

 

 

 

330

 

Write-offs charged against the allowance

 

 

 

(91

)

 

 

 

—

 

 

 

 

(91

)

Balance at April 23, 2022

 

 

 

4,653

 

 

 

 

731

 

 

 

 

5,384