| Summary of Segment Net Income (Loss) |
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:
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|
|
|
|
|
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|
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|
|
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|
|
|
Thirteen weeks ended |
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|
Thirty-nine weeks ended |
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|
|
September 26,
2026 |
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|
September 27,
2025 |
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|
September 26,
2026 |
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September 27,
2025 |
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|
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|
(in thousands) |
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|
(in thousands) |
|
Net revenue |
|
$ |
520,101 |
|
|
$ |
537,494 |
|
|
$ |
1,522,369 |
|
|
$ |
1,579,310 |
|
Less: |
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|
|
|
|
|
|
|
|
|
|
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 |
|
|