v3.26.3
Segment Reporting
 9 Months Ended
Sep. 26, 2026
Segment Reporting [Abstract]  
Segment Reporting

N. Segment Reporting

 

Operating segments are defined as components of an enterprise about which separate discrete information is available for evaluation by the chief operating decision maker ("CODM"), or decision making group, in deciding how to allocate resources in assessing performance. The Company has one operating segment and one reportable segment that produces and sells alcohol beverages under various brands. All brands are predominantly beverages that are manufactured using similar production processes, have comparable alcohol content, generally fall under the same regulatory environment, and are sold to the same types of customers in similar size quantities at similar price points, with similar profit margins, and through the same channels of distribution. The Company’s CODM is the chief executive officer.

 

The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance for the segment based on net income (loss), which is reported on the income statement as consolidated net income (loss). The measure of segment assets is reported on the balance sheet as total consolidated assets.

 

The table below summarizes the Company’s measures of segment net income (loss) that the CODM considered in determining how to allocate resources and assess segment performance for the thirteen and thirty-nine weeks ended September 26, 2026, and September 27, 2025:

 

 

 

Thirteen weeks ended

 

 

Thirty-nine weeks ended

 

 

 

September 26,
 2026

 

 

September 27,
2025

 

 

September 26,
 2026

 

 

September 27,
2025

 

 

 

 

 

 

 

 

(in thousands)

 

 

(in thousands)

 

Net revenue

 

$

520,101

 

 

$

537,494

 

 

$

1,522,369

 

 

$

1,579,310

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold

 

 

251,023

 

 

 

264,377

 

 

 

752,960

 

 

 

794,412

 

Salaries and benefits expenses

 

 

59,580

 

 

 

65,628

 

 

 

192,813

 

 

 

192,376

 

Advertising, promotional, and selling expenses (excluding salaries and benefits)

 

 

127,826

 

 

 

124,782

 

 

 

373,868

 

 

 

347,474

 

General and administrative expenses (excluding salaries and benefits)

 

 

20,631

 

 

 

19,242

 

 

 

68,492

 

 

 

60,752

 

Impairment of brewery assets

 

 

2,888

 

 

 

1,416

 

 

 

3,124

 

 

 

6,401

 

Litigation expense

 

 

1,824

 

 

 

—

 

 

 

194,471

 

 

 

—

 

Interest income, net

 

 

(2,714

)

 

 

(2,696

)

 

 

(6,604

)

 

 

(7,320

)

Other expense, net

 

 

138

 

 

 

595

 

 

 

950

 

 

 

1,168

 

Income tax provision (benefit)

 

 

15,739

 

 

 

17,995

 

 

 

(7,176

)

 

 

53,047

 

Segment net income (loss)

 

$

43,166

 

 

$

46,155

 

 

$

(50,529

)

 

$

131,000