
	13-weeks ended June 28, 2025
	Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)			Elimination of Unconsolidated Affiliate			Corporate and Other of USPB			Consolidated Total of USPB
Net sales	$	3,263,256		$	(3,263,256	)	$	–		$	–
Cost of sales		3,216,822			(3,216,822	)		–			–
Selling, general and administrative expenses		25,501			(25,501	)		(811	)		(811	)
Depreciation and amortization		42,707			(42,707	)		(3	)		(3	)
Interest income		7			(7	)		630			630
Interest expense		(12,855	)		12,855			–			–
Other, net		–			–			732			732
Income tax refund		522			(522	)		–			–
Net loss at National Beef		(34,100	)		34,100			–			–
Equity in net loss of National Beef		(5,290	)								(5,290	)
Net loss of USPB										$	(4,742	)

Total assets	$	2,327,690		$	(2,327,690	)	$	224,665		$	224,665
Total liabilities	$	1,347,645		$	(1,347,645	)	$	10,076		$	10,076
Capital expenditures for segment assets	$	(20,680	)	$	20,680		$	–		$	–

(1) Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.

	26-weeks ended June 28, 2025
	Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)			Elimination of Unconsolidated Affiliate			Corporate and Other of USPB			Consolidated Total of USPB
Net sales	$	6,529,485		$	(6,529,485	)	$	–		$	–
Cost of sales		6,466,795			(6,466,795	)		–			–
Selling, general and administrative expenses		56,140			(56,140	)		(1,770	)		(1,770	)
Depreciation and amortization		84,399			(84,399	)		(7	)		(7	)
Interest income		18			(18	)		1,237			1,237
Interest expense		(24,397	)		24,397			–			–
Other, net		–			–			767			767
Income tax refund		1,042			(1,042	)		–			–
Net loss at National Beef		(101,186	)		101,186			–			–
Equity in loss of National Beef		(15,553	)								(15,553	)
Net loss of USPB										$	(15,326	)

Total assets	$	2,327,690		$	(2,327,690	)	$	224,665		$	224,665
Total liabilities	$	1,347,645		$	(1,347,645	)	$	10,076		$	10,076
Capital expenditures for segment assets	$	(33,421	)	$	33,421		$	–		$	–

(1) Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.

	13-weeks ended June 29, 2024
	Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)			Elimination of Unconsolidated Affiliate			Corporate and Other of USPB			Consolidated Total of USPB
Net sales	$	3,098,975		$	(3,098,975	)	$	–		$	–
Cost of sales		2,988,872			(2,988,872	)		–			–
Selling, general and administrative expenses		28,071			(28,071	)		(752	)		(752	)
Depreciation and amortization		38,169			(38,169	)		(3	)		(3	)
Interest income		19			(19	)		786			786
Interest expense		(11,124	)		11,124			–			–
Other, net		–			–			466			466
Income tax refund		(40	)		40			–			–
Net income at National Beef		32,718			(32,718	)		–			–
Equity in net income of National Beef		4,781									4,781
Net income of USPB										$	5,278

Total assets	$	2,299,283		$	(2,299,283	)	$	236,944		$	236,944
Total liabilities	$	1,237,959		$	(1,237,959	)	$	10,227		$	10,227
Capital expenditures for segment assets	$	(38,705	)	$	38,705		$	–		$	–

(1) Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.

	26-weeks ended June 29, 2024
	Equity Method Investment in National Beef Packing Company, LLC and Subsidiaries (1)			Elimination of Unconsolidated Affiliate			Corporate and Other of USPB			Consolidated Total of USPB
Net sales	$	5,928,977		$	(5,928,977	)	$	–		$	–
Cost of sales		5,741,616			(5,741,616	)		–			–
Selling, general and administrative expenses		65,441			(65,441	)		(1,790	)		(1,790	)
Depreciation and amortization		72,707			(72,707	)		(7	)		(7	)
Interest income		60			(60	)		1,639			1,639
Interest expense		(20,235	)		20,235			–			–
Other, net		–			–			646			646
Income tax refund		154			(154	)		–			–
Net income in National Beef		29,192			(29,192	)		–			–
Equity in net income of National Beef		4,099									4,099
Net income of USPB										$	4,587

Total assets	$	2,299,283		$	(2,299,283	)	$	236,944		$	236,944
Total liabilities	$	1,237,959		$	(1,237,959	)	$	10,227		$	10,227
Capital expenditures for segment assets	$	(72,222	)	$	72,222		$	–		$	–

(1)	Amounts reflect those recorded in National Beef Packing Company, LLC and subsidiaries consolidated financial statements.