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Revenue
 4 Months Ended
Apr. 19, 2025
Revenue from Contract with Customer [Abstract]  
Revenue

Note 4 – 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 19, 2025

 

(In thousands)

Wholesale

 

 

Retail

 

 

Total

 

Type of products:

 

 

 

 

 

 

 

 

 

 

 

Center store (a)

$

 

723,401

 

 

$

 

362,028

 

 

$

 

1,085,429

 

Fresh (b)

 

 

611,963

 

 

 

 

365,674

 

 

 

 

977,637

 

Non-food (c)

 

 

604,735

 

 

 

 

175,199

 

 

 

 

779,934

 

Fuel

 

 

—

 

 

 

 

44,028

 

 

 

 

44,028

 

Other

 

 

22,322

 

 

 

 

274

 

 

 

 

22,596

 

Total

$

 

1,962,421

 

 

$

 

947,203

 

 

$

 

2,909,624

 

Type of customers:

 

 

 

 

 

 

 

 

 

 

 

Individuals

$

 

—

 

 

$

 

946,929

 

 

$

 

946,929

 

Independent retailers (d)

 

 

608,338

 

 

 

 

—

 

 

 

 

608,338

 

National accounts

 

 

620,078

 

 

 

 

—

 

 

 

 

620,078

 

Military (e)

 

 

722,183

 

 

 

 

—

 

 

 

 

722,183

 

Other

 

 

11,822

 

 

 

 

274

 

 

 

 

12,096

 

Total

$

 

1,962,421

 

 

$

 

947,203

 

 

$

 

2,909,624

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16 Weeks Ended April 20, 2024

 

(In thousands)

Wholesale

 

 

Retail

 

 

Total

 

Type of products:

 

 

 

 

 

 

 

 

 

 

 

Center store (a)

$

 

761,245

 

 

$

 

303,214

 

 

$

 

1,064,459

 

Fresh (b)

 

 

615,369

 

 

 

 

296,916

 

 

 

 

912,285

 

Non-food (c)

 

 

608,306

 

 

 

 

148,871

 

 

 

 

757,177

 

Fuel

 

 

—

 

 

 

 

42,921

 

 

 

 

42,921

 

Other

 

 

29,101

 

 

 

 

320

 

 

 

 

29,421

 

Total

$

 

2,014,021

 

 

$

 

792,242

 

 

$

 

2,806,263

 

Type of customers:

 

 

 

 

 

 

 

 

 

 

 

Individuals

$

 

—

 

 

$

 

791,922

 

 

$

 

791,922

 

Independent retailers (d)

 

 

665,185

 

 

 

 

—

 

 

 

 

665,185

 

National accounts

 

 

636,630

 

 

 

 

—

 

 

 

 

636,630

 

Military (e)

 

 

699,907

 

 

 

 

—

 

 

 

 

699,907

 

Other

 

 

12,299

 

 

 

 

320

 

 

 

 

12,619

 

Total

$

 

2,014,021

 

 

$

 

792,242

 

 

$

 

2,806,263

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 28, 2024

 

$

 

2,917

 

 

$

 

481

 

 

$

 

3,398

 

Changes in credit loss estimates

 

 

 

121

 

 

 

 

(2

)

 

 

 

119

 

Write-offs charged against the allowance

 

 

 

(3

)

 

 

 

—

 

 

 

 

(3

)

Balance at April 19, 2025

 

$

 

3,035

 

 

$

 

479

 

 

$

 

3,514

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

(151

)

 

 

 

(279

)

 

 

 

(430

)

Write-offs charged against the allowance

 

 

 

(35

)

 

 

 

(350

)

 

 

 

(385

)

Balance at April 20, 2024

 

$

 

4,425

 

 

$

 

583

 

 

$

 

5,008