XML 20 R13.htm IDEA: XBRL DOCUMENT v3.24.3
Revenue
 9 Months Ended
Oct. 05, 2024
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 5, 2024

 

 

40 Weeks Ended October 5, 2024

 

(In thousands)

Wholesale

 

 

Retail

 

 

Total

 

 

Wholesale

 

 

Retail

 

 

Total

 

Type of products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Center store (a)

$

 

594,135

 

 

$

 

255,386

 

 

$

 

849,521

 

 

$

 

1,931,664

 

 

$

 

815,441

 

 

$

 

2,747,105

 

Fresh (b)

 

 

479,988

 

 

 

 

250,385

 

 

 

 

730,373

 

 

 

 

1,577,915

 

 

 

 

806,556

 

 

 

 

2,384,471

 

Non-food (c)

 

 

482,449

 

 

 

 

131,474

 

 

 

 

613,923

 

 

 

 

1,565,241

 

 

 

 

401,928

 

 

 

 

1,967,169

 

Fuel

 

 

—

 

 

 

 

37,083

 

 

 

 

37,083

 

 

 

 

—

 

 

 

 

118,176

 

 

 

 

118,176

 

Other

 

 

19,510

 

 

 

 

271

 

 

 

 

19,781

 

 

 

 

69,911

 

 

 

 

868

 

 

 

 

70,779

 

Total

$

 

1,576,082

 

 

$

 

674,599

 

 

$

 

2,250,681

 

 

$

 

5,144,731

 

 

$

 

2,142,969

 

 

$

 

7,287,700

 

Type of customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individuals

$

 

—

 

 

$

 

674,328

 

 

$

 

674,328

 

 

$

 

—

 

 

$

 

2,142,101

 

 

$

 

2,142,101

 

Independent retailers (d)

 

 

522,825

 

 

 

 

—

 

 

 

 

522,825

 

 

 

 

1,720,408

 

 

 

 

—

 

 

 

 

1,720,408

 

National accounts

 

 

495,558

 

 

 

 

—

 

 

 

 

495,558

 

 

 

 

1,624,403

 

 

 

 

—

 

 

 

 

1,624,403

 

Military (e)

 

 

548,833

 

 

 

 

—

 

 

 

 

548,833

 

 

 

 

1,770,272

 

 

 

 

—

 

 

 

 

1,770,272

 

Other

 

 

8,866

 

 

 

 

271

 

 

 

 

9,137

 

 

 

 

29,648

 

 

 

 

868

 

 

 

 

30,516

 

Total

$

 

1,576,082

 

 

$

 

674,599

 

 

$

 

2,250,681

 

 

$

 

5,144,731

 

 

$

 

2,142,969

 

 

$

 

7,287,700

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12 Weeks Ended October 7, 2023

 

 

40 Weeks Ended October 7, 2023

 

(In thousands)

Wholesale

 

 

Retail

 

 

Total

 

 

Wholesale

 

 

Retail

 

 

Total

 

Type of products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Center store (a)

$

 

623,273

 

 

$

 

256,550

 

 

$

 

879,823

 

 

$

 

2,054,415

 

 

$

 

832,202

 

 

$

 

2,886,617

 

Fresh (b)

 

 

488,929

 

 

 

 

243,198

 

 

 

 

732,127

 

 

 

 

1,651,191

 

 

 

 

811,825

 

 

 

 

2,463,016

 

Non-food (c)

 

 

465,473

 

 

 

 

120,149

 

 

 

 

585,622

 

 

 

 

1,535,880

 

 

 

 

386,993

 

 

 

 

1,922,873

 

Fuel

 

 

—

 

 

 

 

42,114

 

 

 

 

42,114

 

 

 

 

—

 

 

 

 

131,167

 

 

 

 

131,167

 

Other

 

 

24,325

 

 

 

 

237

 

 

 

 

24,562

 

 

 

 

79,562

 

 

 

 

801

 

 

 

 

80,363

 

Total

$

 

1,602,000

 

 

$

 

662,248

 

 

$

 

2,264,248

 

 

$

 

5,321,048

 

 

$

 

2,162,988

 

 

$

 

7,484,036

 

Type of customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individuals

$

 

—

 

 

$

 

662,011

 

 

$

 

662,011

 

 

$

 

—

 

 

$

 

2,162,188

 

 

$

 

2,162,188

 

Independent retailers (d)

 

 

548,656

 

 

 

 

—

 

 

 

 

548,656

 

 

 

 

1,814,874

 

 

 

 

—

 

 

 

 

1,814,874

 

National accounts

 

 

504,971

 

 

 

 

—

 

 

 

 

504,971

 

 

 

 

1,741,407

 

 

 

 

—

 

 

 

 

1,741,407

 

Military (e)

 

 

538,790

 

 

 

 

—

 

 

 

 

538,790

 

 

 

 

1,729,221

 

 

 

 

—

 

 

 

 

1,729,221

 

Other

 

 

9,583

 

 

 

 

237

 

 

 

 

9,820

 

 

 

 

35,546

 

 

 

 

800

 

 

 

 

36,346

 

Total

$

 

1,602,000

 

 

$

 

662,248

 

 

$

 

2,264,248

 

 

$

 

5,321,048

 

 

$

 

2,162,988

 

 

$

 

7,484,036

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 30, 2023

 

$

 

4,611

 

 

$

 

1,212

 

 

$

 

5,823

 

Changes in credit loss estimates

 

 

 

(356

)

 

 

 

(394

)

 

 

 

(750

)

Write-offs charged against the allowance

 

 

 

(171

)

 

 

 

(350

)

 

 

 

(521

)

Balance at October 5, 2024

 

$

 

4,084

 

 

$

 

468

 

 

$

 

4,552

 

 

 

 

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

 

 

 

(1,314

)

 

 

 

439

 

 

 

 

(875

)

Write-offs charged against the allowance

 

 

 

(448

)

 

 

 

—

 

 

 

 

(448

)

Balance at October 7, 2023

 

$

 

4,336

 

 

$

 

1,387

 

 

$

 

5,723