v3.25.4
Segment Information
 3 Months Ended
Jan. 23, 2026
Segment Reporting [Abstract]  
Segment Information

Note 4 – Segment Information:

 

The Company has two reportable operating segments, Frozen Food Products (the processing and distribution of frozen food products) and Snack Food Products (the processing and distribution of meat and other convenience foods).

 

The Companies Executive Committee functions as the CODM. The Company utilizes an Executive Committee to serve in the capacity of Chief Executive Officer. The Company believes this structure is appropriate because it requires a full committee of officers, each of whom brings their own experiences and perspectives to bear on their decision making, to discuss and vote on important decisions affecting the Company. The Executive Committee is responsible for the day-to-day management of risk. The Executive Committee regularly assesses the operating segment’s performance and is responsible for allocating resources to each operating segment.

 

The CODM is regularly provided and reviews financial data based on the two operating segments mentioned and defined above, the Frozen Food Product Segment and the Snack Food Segment. The financial data provided to the CODM includes sales, cost of goods sold, gross margin and selling, general and administrative expenses as well as total assets and additions to property, plant and equipment. Sales data involves sales to customers as well as promotional advertising and return analysis. Cost of goods sold encompasses the cost of raw materials, direct and indirect plant overhead, production labor and product safety including quality control and assurance. Selling, general and administrative expenses include the cost of selling, marketing, advertising and delivery to the customer. We allocate corporate management expenses to the segments based on sales while certain assets including cash remain in Other in the accompanying segment information.

 

 

The following segment information is presented for the twelve weeks ended January 23, 2026, and January 24, 2025, respectively.

 

Twelve weeks Ended January 23, 2026   Frozen Food Products    Snack Food Products    Other    Totals 
   Segment Information         
Twelve weeks Ended January 23, 2026   Frozen Food Products    Snack Food Products    Other    Totals 
Sales  $14,355   $40,957   $-   $55,312 
Cost of products sold   10,665    31,278    -    41,943 
Gross margin   3,690    9,679    -    13,369 
SG&A   3,007    11,609    -    14,616 
Gain on sale of property, plant, and equipment   (11)   (3)   -    (14)
Operating income (loss)   694    (1,927)   -    (1,233)
                     
Total assets  $15,781   $99,932   $28,892   $144,605 
Additions to (disposals of) property, plant, and equipment  $246   $(502)  $-   $(256

 

)

 

Twelve weeks Ended January 24, 2025   Frozen Food Products     Snack Food Products     Other     Totals  
Sales   $ 14,529     $ 38,016     $ -     $ 52,545  
Cost of products sold     10,584       29,076       -       39,660  
Gross margin     3,945       8,940       -       12,885  
SG&A     3,370       11,543       -       14,913  
Gain on sale of property, plant, and equipment     -       (16 )     -       (16 )
Operating income (loss)     575       (2,587 )     -       (2,012 )
                                 
Total assets   $ 16,464     $ 113,231     $ 23,681     $ 153,376  
Additions to property, plant, and equipment   $ 247     $ 284     $ -     $ 531  

 

The following information further disaggregates our sales to customers by major distribution channel and customer type for the twelve weeks ended January 23, 2026, and January 24, 2025, respectively.

 

Twelve weeks Ended January 23, 2026

 

Distribution Channel     Total net sales   Total net sales 
Distribution Channel  Retail (a)   Foodservice (b)   Totals 
Direct-store-delivery  $24,256   $-   $24,256 
Direct customer warehouse   16,700    -    16,700 
Total Snack Food Products   40,957    -    40,957 
                
Distributors   2,203    12,152    14,355 
Total Frozen Food Products   2,203    12,152    14,355 
                
Totals  $43,160   $12,152   $55,312 

 

Twelve weeks Ended January 24, 2025

 

Distribution Channel     Total net sales   Total net sales 
Distribution Channel  Retail (a)   Foodservice (b)   Totals 
Direct-store-delivery  $26,707   $-   $26,707 
Direct customer warehouse   11,309    -    11,309 
Total Snack Food Products   38,016    -    38,016 
                
Distributors   2,617    11,912    14,529 
Total Frozen Food Products   2,617    11,912    14,529 
                
Totals  $40,633   $11,912   $52,545 

 

(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 non-commercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.