v3.25.2
Segment Reporting
 6 Months Ended
Jun. 29, 2025
Segment Reporting [Abstract]  
Segment Reporting

Note 21. Segment Reporting

The Company has only one reportable segment for which discrete financial information is available: Eggs and Butter. The Company derives revenue in the United States and manages and organizes its business activities on a consolidated basis. The Eggs and Butter segment derives revenues primarily from sales of its products, including eggs and butter, to customers, which include natural retailers, mainstream retailers, distributors and foodservice customers. The measure of segment assets is reported on the consolidated balance sheets as total consolidated assets.

The following tables present the significant segment expenses and other segment items regularly reviewed by the Company’s chief operating decision maker, currently the Company’s President and Chief Executive Officer:

 

Eggs and Butter Segment

 

 

13-Weeks Ended

 

 

June 29, 2025

 

 

June 30, 2024

 

Net revenue

$

184,767

 

 

$

147,388

 

Less:

 

 

 

 

 

Cost of goods sold(1)

 

109,703

 

 

 

86,637

 

Shipping and distribution

 

9,000

 

 

 

7,203

 

Other selling expenses

 

1,702

 

 

 

1,884

 

Marketing

 

8,790

 

 

 

7,337

 

Other selling, general & administrative(1)

 

28,309

 

 

 

23,900

 

Interest income

 

(1,332

)

 

 

(1,316

)

Interest expense

 

218

 

 

 

257

 

Depreciation and amortization

 

3,468

 

 

 

3,288

 

Income tax provision

 

7,893

 

 

 

1,772

 

Other segment expenses(2)

 

378

 

 

 

87

 

Segment net income

$

16,638

 

 

$

16,339

 

 

 

 

 

 

 

Reconciliation of profit or loss

 

 

 

 

 

Adjustments and reconciling items

 

—

 

 

 

—

 

Consolidated net income

$

16,638

 

 

$

16,339

 

(1) Excludes depreciation and amortization.

(2) Other segment expenses included in segment net income includes the change in fair value of derivative instruments and other miscellaneous gains and losses.

 

 

Eggs and Butter Segment

 

 

26-Weeks Ended

 

 

June 29, 2025

 

 

June 30, 2024

 

Net revenue

$

346,956

 

 

$

295,316

 

Less:

 

 

 

 

 

Cost of goods sold(1)

 

206,311

 

 

 

172,686

 

Shipping and distribution

 

17,835

 

 

 

14,799

 

Other selling expenses

 

3,338

 

 

 

4,128

 

Marketing

 

14,433

 

 

 

12,378

 

Other selling, general & administrative(1)

 

52,749

 

 

 

43,518

 

Interest income

 

(2,544

)

 

 

(2,404

)

Interest expense

 

453

 

 

 

512

 

Depreciation and amortization

 

6,727

 

 

 

6,499

 

Income tax provision

 

13,334

 

 

 

7,474

 

Other segment expenses(2)

 

781

 

 

 

364

 

Segment net income

$

33,539

 

 

$

35,362

 

 

 

 

 

 

 

Reconciliation of profit or loss

 

 

 

 

 

Adjustments and reconciling items

 

—

 

 

 

—

 

Consolidated net income

$

33,539

 

 

$

35,362

 

(1) Excludes depreciation and amortization.

(2) Other segment expenses included in segment net income includes the change in fair value of derivative instruments and other miscellaneous gains and losses.