Quarterly Results (Unaudited) (Tables)

12 Months Ended

Jul. 03, 2022

Quarterly financial data and selected highlights are as follows:

	For the Fiscal Quarter Ended
	September 26, 2021		December 26, 2021		March 27, 2022		July 3, 2022
Net sales ⁽¹⁾	$	195,992	$	201,410	$	200,780	$	217,576
Gross profit ⁽²⁾		26,097		16,890		19,144		18,354
Net income ⁽³⁾		8,680		929		2,066		3,496
Net income per common share:
Basic ⁽⁴⁾	$	0.47	$	0.05	$	0.11	$	0.19
Diluted ⁽⁴⁾	$	0.46	$	0.05	$	0.11	$	0.19

	For the Fiscal Quarter Ended
	September 27, 2020		December 27, 2020		March 28, 2021		June 27, 2021
Net sales ⁽⁵⁾	$	141,505	$	162,776	$	178,866	$	184,445
Gross profit ⁽⁶⁾		14,561		25,934		25,595		27,404
Net income ⁽⁷⁾		3,432		7,464		4,758		13,419
Net income per common share:
Basic ⁽⁴⁾	$	0.19	$	0.40	$	0.26	$	0.73
Diluted ⁽⁴⁾	$	0.18	$	0.40	$	0.25	$	0.70

(1)	The fiscal quarter ending July 3, 2022 included an additional week of sales of approximately $8,700.

(2)	Gross profit for our domestic operations for all fiscal quarters of fiscal 2022 includes adverse pressures from (i) higher raw material costs, (ii) rising input costs, and (iii) the weakening of labor productivity.

(3)	Net income for our domestic operations for all fiscal quarters of fiscal 2022 includes the adverse pressures on gross profit.

(4)	Income per share is computed independently for each of the periods presented. The sum of the income per share amounts for the fiscal quarters may not equal the total for the fiscal year.

(5)	Net sales for the fiscal quarters ended September 27, 2020 and December 27, 2020 includes adverse demand pressures from the COVID-19 pandemic.

(6)

Gross profit for the fiscal quarter ended September 27, 2020 includes adverse demand pressures from the COVID-19 pandemic. Gross profit for the fiscal quarters ended December 27, 2020, March 28, 2021, and June 27, 2021 includes the benefit of exceptional performance by the Brazil Segment primarily due to higher conversion margin and market share capture due to agility and responsiveness during demand recovery in Brazil.

(7)

Net income for the fiscal quarter ended September 27, 2020 includes adverse demand pressures from the COVID-19 pandemic. Net income for the fiscal quarter ended June 27, 2021 includes a recovery of non-income taxes in Brazil due to the favorable conclusion of litigation related to excess social program taxes for multiple prior years.