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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