v3.25.3
Segment Reporting
 9 Months Ended
Sep. 28, 2025
Segment Reporting [Abstract]  
Segment Reporting

Note 22. 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

 

 

September 28, 2025

 

 

September 29, 2024

 

Net revenue

$

198,936

 

 

$

145,002

 

Less:

 

 

 

 

 

Cost of goods sold(1)

 

120,926

 

 

 

88,372

 

Shipping and distribution

 

9,169

 

 

 

8,134

 

Other selling expenses

 

1,750

 

 

 

2,070

 

Marketing

 

13,359

 

 

 

10,723

 

Other selling, general & administrative(1)

 

29,097

 

 

 

23,133

 

Interest income

 

(1,270

)

 

 

(1,407

)

Interest expense

 

213

 

 

 

259

 

Depreciation and amortization

 

3,236

 

 

 

3,330

 

Income tax provision

 

5,550

 

 

 

2,936

 

Other segment expenses(2)

 

487

 

 

 

6

 

Segment net income

$

16,419

 

 

$

7,446

 

 

 

 

 

 

 

Reconciliation of profit or loss

 

 

 

 

 

Adjustments and reconciling items

 

—

 

 

 

—

 

Consolidated net income

$

16,419

 

 

$

7,446

 

(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

 

 

39-Weeks Ended

 

 

September 28, 2025

 

 

September 29, 2024

 

Net revenue

$

545,892

 

 

$

440,318

 

Less:

 

 

 

 

 

Cost of goods sold(1)

 

327,238

 

 

 

261,057

 

Shipping and distribution

 

27,004

 

 

 

22,933

 

Other selling expenses

 

5,087

 

 

 

6,198

 

Marketing

 

27,792

 

 

 

23,101

 

Other selling, general & administrative(1)

 

81,845

 

 

 

66,652

 

Interest income

 

(3,814

)

 

 

(3,811

)

Interest expense

 

666

 

 

 

771

 

Depreciation and amortization

 

9,963

 

 

 

9,829

 

Income tax provision

 

18,885

 

 

 

10,410

 

Other segment expenses(2)

 

1,268

 

 

 

370

 

Segment net income

$

49,958

 

 

$

42,808

 

 

 

 

 

 

 

Reconciliation of profit or loss

 

 

 

 

 

Adjustments and reconciling items

 

—

 

 

 

—

 

Consolidated net income

$

49,958

 

 

$

42,808

 

(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.