RELATED PARTY INFORMATION - WAKEFERN

6 Months Ended

Jan. 24, 2026

Related Party Transactions [Abstract]

RELATED PARTY INFORMATION - WAKEFERN

RELATED PARTY INFORMATION – WAKEFERN

A description of the Company’s transactions with Wakefern Food Corporation ("Wakefern"), its principal supplier, and with other related parties is included in the Company's Annual Report on Form 10-K for the year ended July 26, 2025.  

At January 24, 2026, the Company held variable rate notes receivable due from Wakefern of $38,078 that earn interest at the prime rate plus .50% and mature on August 15, 2027, $39,307 that earn interest at the prime rate plus .50% and mature on September 28, 2027 and $37,972 that earn interest at the Secured Overnight Financing Rate ("SOFR") plus 2.25% and mature on February 15, 2029. Wakefern has the right to prepay these notes at any time. Under certain conditions, the Company can require Wakefern to prepay the notes, although interest earned since inception would be reduced as if it was earned based on overnight money market rates as paid by Wakefern on demand deposits.

Included in cash and cash equivalents at January 24, 2026 and July 26, 2025 are $129,427 and $92,003, respectively, of demand deposits invested at Wakefern at overnight money market rates.

The Company is required to invest in Wakefern's common stock. At January 24, 2026, the Company's indebtedness to Wakefern for the outstanding amount of stock subscriptions was $652, of which $479 is recorded in notes payable to Wakefern and $173 is recorded in notes payable to Wakefern and other related parties in the consolidated balance sheet.