BUSINESS SEGMENTS (Tables)

9 Months Ended

Jun. 30, 2022

BUSINESS SEGMENTS

Schedule of segment information

	Wholesale		Retail
	Segment		Segment		Other		Consolidated
THREE MONTHS ENDED JUNE 2022
External revenue:
Cigarettes	$	364,771,496	$	—	$	—	$	364,771,496
Tobacco		93,957,495		—		—		93,957,495
Confectionery		32,541,090		—		—		32,541,090
Health food		—		11,350,797		—		11,350,797
Foodservice & other		47,963,274		—		—		47,963,274
Total external revenue		539,233,355		11,350,797		—		550,584,152
Depreciation		602,770		281,376		—		884,146
Amortization		28,355		—		—		28,355
Operating income (loss)		9,432,660		241,225		(2,772,099)		6,901,786
Interest expense		320,103		—		335,708		655,811
Income (loss) from operations before taxes		9,094,511		256,392		(687,676)		8,663,227
Equity method investment earnings, net of tax		—		—		307,973		307,973
Total assets		278,824,259		18,656,853		814,291		298,295,403
Capital expenditures		12,074,922		985,835		—		13,060,757

	Wholesale		Retail
	Segment		Segment		Other		Consolidated
THREE MONTHS ENDED JUNE 2021
External revenue:
Cigarettes	$	294,690,427	$	—	$	—	$	294,690,427
Tobacco		68,525,147		—		—		68,525,147
Confectionery		25,703,325		—		—		25,703,325
Health food		—		11,745,769		—		11,745,769
Foodservice & other		37,648,362		—		—		37,648,362
Total external revenue		426,567,261		11,745,769		—		438,313,030
Depreciation		445,831		295,349		—		741,180
Operating income (loss)		6,349,783		621,421		(2,671,795)		4,299,409
Interest expense		56,924		—		273,005		329,929
Income (loss) from operations before taxes		6,304,328		624,447		(2,915,858)		4,012,917
Equity method investment earnings, net of tax		—		—		754,293		754,293
Total assets		159,766,283		17,140,050		11,874,597		188,780,930
Capital expenditures		384,429		133,732		—		518,161

	Wholesale		Retail
	Segment		Segment		Other		Consolidated
NINE MONTHS ENDED JUNE 2022
External revenue:
Cigarettes	$	900,677,466	$	—	$	—	$	900,677,466
Tobacco		229,765,009		—		—		229,765,009
Confectionery		79,691,881		—		—		79,691,881
Health food		—		35,695,298		—		35,695,298
Foodservice & other		119,213,967		—		—		119,213,967
Total external revenue		1,329,348,323		35,695,298		—		1,365,043,621
Depreciation		1,589,102		897,511		—		2,486,613
Amortization		28,355		—		—		28,355
Operating income (loss)		23,174,638		1,448,878		(10,020,703)		14,602,813
Interest expense		428,665		—		794,164		1,222,829
Income (loss) from operations before taxes		22,767,606		1,469,705		(8,339,007)		15,898,304
Equity method investment earnings, net of tax		—		—		1,670,133		1,670,133
Total assets		278,824,259		18,656,853		814,291		298,295,403
Capital expenditures		12,718,606		1,217,373		—		13,935,979

	Wholesale		Retail
	Segment		Segment		Other		Consolidated
NINE MONTHS ENDED JUNE 2021
External revenue:
Cigarettes	$	826,838,177	$	—	$	—	$	826,838,177
Tobacco		194,802,459		—		—		194,802,459
Confectionery		65,769,418		—		—		65,769,418
Health food		—		35,199,199		—		35,199,199
Foodservice & other		98,962,041		—		—		98,962,041
Total external revenue		1,186,372,095		35,199,199		—		1,221,571,294
Depreciation		1,405,528		889,862		—		2,295,390
Operating income (loss)		16,569,154		1,167,737		(6,178,910)		11,557,981
Interest expense		144,569		—		872,333		1,016,902
Income (loss) from operations before taxes		16,499,529		1,176,481		(6,965,406)		10,710,604
Equity method investment earnings, net of tax		—		—		1,403,124		1,403,124
Total assets		159,766,283		17,140,050		11,874,597		188,780,930
Capital expenditures		977,860		277,098		—		1,254,958