v3.25.4
Segment Reporting
 12 Months Ended
Dec. 28, 2025
Segment Reporting [Abstract]  
Segment Reporting

23. 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 accounting policies of the Eggs and Butter segment are the same as those described in the “Summary of Significant Accounting Policies” in Note 2 above. The Company’s chief operating decision maker (“CODM”) as defined by ASU 2023-07, currently the Company’s President and Chief Executive Officer, assesses performance for the segment and decides how to allocate resources based on net income that also is reported on the consolidated statements of income as consolidated net income. The measure of segment assets is reported on the consolidated balance sheets as total consolidated assets.

The CODM uses net income to evaluate income generated from net revenue in deciding whether to reinvest profits into the Eggs and Butter segment or for other valid corporate purposes. Net income is also used to monitor the Company’s forecasted budget versus actual results. The CODM also uses net income in competitive analysis by benchmarking to the Company’s competitors.

The following table presents the significant segment expenses and other segment items regularly reviewed by the Company’s CODM:

 

 

Eggs and Butter Segment

 

 

Fiscal Year Ended

 

 

December 28, 2025

 

 

December 29, 2024

 

 

December 31, 2023

 

Net revenue

$

759,444

 

 

$

606,307

 

 

$

471,857

 

Less:

 

 

 

 

 

 

 

 

Cost of goods sold(1)

 

460,673

 

 

 

364,097

 

 

 

300,127

 

Shipping and distribution

 

37,883

 

 

 

32,435

 

 

 

27,344

 

Marketing

 

41,330

 

 

 

32,138

 

 

 

23,625

 

Other selling, general & administrative(1)

 

117,341

 

 

 

100,992

 

 

 

77,017

 

Interest income

 

(5,013

)

 

 

(5,246

)

 

 

(2,542

)

Interest expense

 

874

 

 

 

1,010

 

 

 

782

 

Depreciation and amortization

 

13,844

 

 

 

13,093

 

 

 

10,490

 

Income tax provision

 

24,982

 

 

 

14,150

 

 

 

6,635

 

Other segment expenses(2)

 

1,248

 

 

 

250

 

 

 

2,813

 

Segment net income

$

66,282

 

 

$

53,388

 

 

$

25,566

 
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.