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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
May 04, 2024
May 06, 2023
May 04, 2024
May 06, 2023
Income Statement [Abstract]        
Net sales $ 11,527,978 $ 16,779,597 $ 26,295,976 $ 33,944,350
Cost of sales (7,359,584) (10,826,286) (17,393,236) (22,119,443)
Gross profit 4,168,394 5,953,311 8,902,740 11,824,907
Selling, general and administrative expenses (1,911,380) (2,215,198) (3,943,710) (4,250,675)
Operating income 2,257,014 3,738,113 4,959,030 7,574,232
Other income (expense):        
Interest income 219,861 169,982 517,860 310,015
Undistributed earnings in joint venture - Majestic 21 20,535 25,622 42,709 48,448
Proceeds received under escrow arrangement 99,816 94,165 99,816 94,165
Increase (decrease) in fair value of equity investment 50,744 (111,075) 101,543 (129,017)
Miscellaneous 74,587 18,590 125,128 26,362
Total other income 465,543 197,284 887,056 349,973
Income before provision for income taxes 2,722,557 3,935,397 5,846,086 7,924,205
Income tax expense (696,598) (1,076,548) (1,481,690) (2,008,389)
Net income $ 2,025,959 $ 2,858,849 $ 4,364,396 $ 5,915,816
Net income per share:        
Basic 3,268,829 3,370,157 3,268,829 3,370,534
Diluted 3,277,920 3,373,036 3,279,719 3,372,417
Basic $ 0.62 $ 0.85 $ 1.34 $ 1.76
Diluted $ 0.62 $ 0.85 $ 1.33 $ 1.75