Segment Information | Note 4 – Segment Information The Company has two We evaluate each segment’s performance based on revenues and operating income. Selling, general and administrative (“SG&A”) expenses include corporate accounting, information systems, human resource management and marketing, which are managed at the corporate level. These activities are allocated to each operating segment based on revenues and/or actual usage. Assets managed at the corporate level are not attributable to each operating segment and thus have been included as “other” in the accompanying segment information. The following segment information is presented for the twelve weeks ended April 19, 2024, and April 14, 2023, respectively. Schedule of Segment Reporting Information, by Segment Frozen Food Products Snack Food Products Other Totals Segment Information Twelve weeks Ended April 19, 2024 Frozen Food Products Snack Food Products Other Totals Sales $ 12,905 $ 34,409 $ - $ 47,314 Cost of products sold 9,496 27,092 - 36,588 Gross margin 3,409 7,317 - 10,726 SG&A 3,224 10,750 - 13,974 Gain on sale of property, plant, and equipment - (2 ) - (2 ) Operating income (loss) 185 (3,431 ) - (3,246 ) Total assets $ 15,259 $ 117,203 $ 31,931 $ 164,393 (Disposals) additions to PP&E $ (320 ) $ 329 $ - $ 9 Twelve weeks Ended April 14, 2023 Frozen Food Products Snack Food Products Other Totals Sales $ 11,904 $ 43,606 $ - $ 55,510 Cost of products sold 9,478 30,575 - 40,053 Gross margin 2,426 13,031 - 15,457 SG&A 3,244 11,697 - 14,941 Loss on sale of property, plant, and equipment 30 202 - 232 Operating (loss) income (848 ) 1,132 - 284 Total assets $ 15,046 $ 124,247 $ 31,566 $ 170,859 Additions to PP&E $ 164 $ 870 $ - $ 1,034 The following segment information is presented for the twenty-four weeks ended April 19, 2024, and April 14, 2023, respectively. Twenty-four weeks Ended April 19, 2024 Frozen Food Products Snack Food Products Other Totals Sales $ 27,304 $ 74,852 $ - $ 102,156 Cost of products sold 19,782 55,610 - 75,392 Gross margin 7,522 19,242 - 26,764 SG&A 6,666 22,335 - 29,001 Gain on sale of property, plant, and equipment - (2 ) - (2 ) Operating income (loss) 856 (3,091 ) - (2,235 ) Total assets $ 15,259 $ 117,203 $ 31,931 $ 164,393 Additions to PP&E $ 502 $ 1,367 $ - $ 1,869 Twenty-four weeks Ended April 14, 2023 Frozen Food Products Snack Food Products Other Totals Sales $ 26,303 $ 90,829 $ - $ 117,132 Cost of products sold 20,223 64,386 - 84,609 Gross margin 6,080 26,443 - 32,523 SG&A 6,888 23,847 - 30,735 Loss on sale of property, plant, and equipment 30 130 - 160 Gain (loss) on sale of property, plant, and equipment 30 130 - 160 Operating (loss) income (838 ) 2,466 - 1,628 Total assets $ 15,046 $ 124,247 $ 31,566 $ 170,859 Additions to PP&E $ 378 $ 915 $ - $ 1,293 The following information further disaggregates our sales to customers by major distribution channel and customer type for the twelve weeks ended April 19, 2024, and April 14, 2023, respectively. Twelve weeks Ended April 19, 2024 Schedule of Disaggregates Our Sales to Customers Distribution Channel Retail (a) Foodservice (b) Totals Direct store delivery $ 24,039 $ - $ 24,039 Direct customer warehouse 10,370 - 10,370 Total Snack Food Products 34,409 - 34,409 Distributors 1,317 11,588 12,905 Total Frozen Food Products 1,317 11,588 12,905 Totals $ 35,726 $ 11,588 $ 47,314 Twelve weeks Ended April 14, 2023 Distribution Channel Retail (a) Foodservice (b) Totals Direct store delivery $ 29,053 $ - $ 29,053 Direct customer warehouse 14,553 - 14,553 Total Snack Food Products 43,606 - 43,606 Distributors 1,276 10,628 11,904 Total Frozen Food Products 1,276 10,628 11,904 Totals $ 44,882 $ 10,628 $ 55,510 (a) Includes sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers. (b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military. The following information further disaggregates our sales to customers by major distribution channel and customer type for the twenty-four weeks ended April 19, 2024, and April 14, 2023, respectively. Twenty-four weeks Ended April 19, 2024 Distribution Channel Retail (a) Foodservice (b) Totals Direct store delivery $ 52,024 $ - $ 52,024 Direct customer warehouse 22,828 - 22,828 Total Snack Food Products 74,852 - 74,852 Distributors 4,001 23,303 27,304 Total Frozen Food Products 4,001 23,303 27,304 Totals $ 78,853 $ 23,303 $ 102,156 Twenty-four weeks Ended April 14, 2023 Distribution Channel Retail (a) Foodservice (b) Totals Direct store delivery $ 63,099 $ - $ 63,099 Direct customer warehouse 27,730 - 27,730 Total Snack Food Products 90,829 - 90,829 Distributors 4,483 21,820 26,303 Total Frozen Food Products 4,483 21,820 26,303 Totals $ 95,312 $ 21,820 $ 117,132 (a) Includes sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers. (b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military. |