Segment Reporting

6 Months Ended

Jun. 28, 2025

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, 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 chief operating decision maker (“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, which is reported on the income statement as consolidated net income. 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 that the CODM considered in determining how to allocate resources and assess segment performance for the thirteen and twenty-six weeks ended June 28, 2025, and June 29, 2024

	Thirteen weeks ended						Twenty-six weeks ended
	June 28, 2025			June 29, 2024			June 28, 2025			June 29, 2024
	(in thousands)						(in thousands)
Net revenue	$	587,949		$	579,098		$	1,041,816		$	1,005,149
Less:
Cost of goods sold		295,431			312,640			530,035			552,343
Salaries and benefits expenses		58,739			63,155			126,747			135,305
Advertising, promotional, and selling expenses (excluding salaries and benefits)		124,359			106,373			222,693			186,177
General and administrative expenses (excluding salaries and benefits)		22,366			22,720			41,511			41,425
Impairment of brewery assets		4,985			3,395			4,985			3,731
Interest income, net		(2,294	)		(2,946	)		(4,625	)		(6,439	)
Other expense, net		309			440			574			478
Income tax provision		23,621			20,982			35,051			27,193
Segment net income	$	60,433		$	52,339		$	84,845		$	64,936