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v3.23.2

Revenue | 6 Months Ended
--- | ---
Jul. 15, 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:
| 12 Weeks Ended July 15, 2023 |  |  | 28 Weeks Ended July 15, 2023 |
(In thousands) | Wholesale |  |  | Retail |  |  | Total |  |  | Wholesale |  |  | Retail |  |  | Total |
Type of products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Center store (a) | $ |  | 603,441 |  |  | $ |  | 260,838 |  |  | $ |  | 864,279 |  |  | $ |  | 1,431,142 |  |  | $ |  | 575,652 |  |  | $ |  | 2,006,794 |
Fresh (b) |  |  | 508,004 |  |  |  |  | 257,915 |  |  |  |  | 765,919 |  |  |  |  | 1,162,262 |  |  |  |  | 568,627 |  |  |  |  | 1,730,889 |
Non-food (c) |  |  | 499,440 |  |  |  |  | 119,245 |  |  |  |  | 618,685 |  |  |  |  | 1,070,407 |  |  |  |  | 266,844 |  |  |  |  | 1,337,251 |
Fuel |  |  | — |  |  |  |  | 40,787 |  |  |  |  | 40,787 |  |  |  |  | — |  |  |  |  | 89,053 |  |  |  |  | 89,053 |
Other |  |  | 22,479 |  |  |  |  | 245 |  |  |  |  | 22,724 |  |  |  |  | 55,237 |  |  |  |  | 564 |  |  |  |  | 55,801 |
Total | $ |  | 1,633,364 |  |  | $ |  | 679,030 |  |  | $ |  | 2,312,394 |  |  | $ |  | 3,719,048 |  |  | $ |  | 1,500,740 |  |  | $ |  | 5,219,788 |
Type of customers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individuals | $ |  | — |  |  | $ |  | 678,785 |  |  | $ |  | 678,785 |  |  | $ |  | — |  |  | $ |  | 1,500,177 |  |  | $ |  | 1,500,177 |
Independent retailers (d) |  |  | 563,412 |  |  |  |  | — |  |  |  |  | 563,412 |  |  |  |  | 1,266,218 |  |  |  |  | — |  |  |  |  | 1,266,218 |
National accounts |  |  | 554,451 |  |  |  |  | — |  |  |  |  | 554,451 |  |  |  |  | 1,236,436 |  |  |  |  | — |  |  |  |  | 1,236,436 |
Military (e) |  |  | 504,736 |  |  |  |  | — |  |  |  |  | 504,736 |  |  |  |  | 1,190,431 |  |  |  |  | — |  |  |  |  | 1,190,431 |
Other |  |  | 10,765 |  |  |  |  | 245 |  |  |  |  | 11,010 |  |  |  |  | 25,963 |  |  |  |  | 563 |  |  |  |  | 26,526 |
Total | $ |  | 1,633,364 |  |  | $ |  | 679,030 |  |  | $ |  | 2,312,394 |  |  | $ |  | 3,719,048 |  |  | $ |  | 1,500,740 |  |  | $ |  | 5,219,788 |
| 12 Weeks Ended July 16, 2022 |  |  | 28 Weeks Ended July 16, 2022 |
(In thousands) | Wholesale |  |  | Retail |  |  | Total |  |  | Wholesale |  |  | Retail |  |  | Total |
Type of products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Center store (a) | $ |  | 599,945 |  |  | $ |  | 252,016 |  |  | $ |  | 851,961 |  |  | $ |  | 1,367,598 |  |  | $ |  | 547,072 |  |  | $ |  | 1,914,670 |
Fresh (b) |  |  | 511,366 |  |  |  |  | 258,288 |  |  |  |  | 769,654 |  |  |  |  | 1,139,420 |  |  |  |  | 558,167 |  |  |  |  | 1,697,587 |
Non-food (c) |  |  | 462,168 |  |  |  |  | 104,510 |  |  |  |  | 566,678 |  |  |  |  | 1,015,307 |  |  |  |  | 235,941 |  |  |  |  | 1,251,248 |
Fuel |  |  | — |  |  |  |  | 57,356 |  |  |  |  | 57,356 |  |  |  |  | — |  |  |  |  | 111,947 |  |  |  |  | 111,947 |
Other |  |  | 28,006 |  |  |  |  | 235 |  |  |  |  | 28,241 |  |  |  |  | 61,539 |  |  |  |  | 557 |  |  |  |  | 62,096 |
Total | $ |  | 1,601,485 |  |  | $ |  | 672,405 |  |  | $ |  | 2,273,890 |  |  | $ |  | 3,583,864 |  |  | $ |  | 1,453,684 |  |  | $ |  | 5,037,548 |
Type of customers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individuals | $ |  | — |  |  | $ |  | 672,179 |  |  | $ |  | 672,179 |  |  | $ |  | — |  |  | $ |  | 1,453,138 |  |  | $ |  | 1,453,138 |
Independent retailers (d) |  |  | 554,504 |  |  |  |  | — |  |  |  |  | 554,504 |  |  |  |  | 1,233,493 |  |  |  |  | — |  |  |  |  | 1,233,493 |
National accounts |  |  | 552,437 |  |  |  |  | — |  |  |  |  | 552,437 |  |  |  |  | 1,232,725 |  |  |  |  | — |  |  |  |  | 1,232,725 |
Military (e) |  |  | 480,716 |  |  |  |  | — |  |  |  |  | 480,716 |  |  |  |  | 1,088,510 |  |  |  |  | — |  |  |  |  | 1,088,510 |
Other |  |  | 13,828 |  |  |  |  | 226 |  |  |  |  | 14,054 |  |  |  |  | 29,136 |  |  |  |  | 546 |  |  |  |  | 29,682 |
Total | $ |  | 1,601,485 |  |  | $ |  | 672,405 |  |  | $ |  | 2,273,890 |  |  | $ |  | 3,583,864 |  |  | $ |  | 1,453,684 |  |  | $ |  | 5,037,548 |
(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 |  |  |  | (1,214 | ) |  |  |  | 439 |  |  |  |  | (775 | )
Write-offs charged against the allowance |  |  |  | (408 | ) |  |  |  | — |  |  |  |  | (408 | )
Balance at July 15, 2023 |  |  |  | 4,476 |  |  |  |  | 1,387 |  |  |  |  | 5,863 |
|  | 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 |  |  |  | 307 |  |  |  |  | — |  |  |  |  | 307 |
Write-offs charged against the allowance |  |  |  | (545 | ) |  |  |  | — |  |  |  |  | (545 | )
Balance at July 16, 2022 |  |  |  | 4,176 |  |  |  |  | 731 |  |  |  |  | 4,907 |

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