| Investment in Unconsolidated Entities |
Note 7 - Investment in Unconsolidated Entities As of May 30, 2026 and May 31, 2025, the Company owned 50 % of Specialty Eggs, LLC (“Specialty Eggs”) and of Southwest Specialty Eggs, LLC (“Southwest Specialty Eggs”), which are accounted for using the equity method of accounting. Specialty Eggs owns the Egg-Land’s Best franchise for most of Georgia and South Carolina, as well as a portion of western North Carolina and eastern Alabama. Southwest Specialty Eggs owns the Egg-Land’s Best franchise for Arizona, southern California and Clark County, Nevada (including Las Vegas). Equity method investments are included in “Other assets” in the accompanying Consolidated Balance Sheets and totaled $ 5.6 10.3 million at May 30, 2026 and May 31, 2025, respectively. Equity in income (loss) of unconsolidated entities of a $ 1.3 6.2 1.4 million income from these entities has been included in “Other, net” in the accompanying Consolidated Statements of Income for fiscal 2026, 2025, and The following relates to the Company’s transactions with these unconsolidated affiliates (in thousands):
For the fiscal year ended June 1, 2024 Sales to unconsolidated entities $ 76,130 $ 110,106 $ 100,553 Purchases from unconsolidated entities 75,031 76,167 63,916 Distributions from unconsolidated entities 3,253 4,050 3,000
Accounts receivable from unconsolidated entities $ 5,224 $ 5,090 Accounts payable to unconsolidated entities 955 613 |