Concentration of Sales and Credit Risk |
12 Months Ended | ||
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Jun. 27, 2020 | |||
Risks And Uncertainties [Abstract] | |||
Concentration of Sales and Credit Risk |
At June 27, 2020, one of the Company’s customers within the Vistar segment accounted for a significant portion of the Company’s consolidated net sales. At June 27, 2020, net sales from this customer represented approximately 10.2% of consolidated net sales of $25,086.3 million. The Company had no customers that comprised more than 10% of consolidated net sales for fiscal 2019 or fiscal 2018. At June 27, 2020 and June 29, 2019, respectively, the Company had no customers that comprised more than 10% of consolidated accounts receivable. The Company maintains an allowance for doubtful accounts for which details are disclosed in the accounts receivable portion of Note 2, Summary of Significant Accounting Policies and Estimates—Accounts Receivable. Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of trade accounts receivable. The Company’s customer base includes a large number of individual restaurants, national and regional chain restaurants, and franchises and other institutional customers. The credit risk associated with accounts receivable is minimized by the Company’s large customer base and ongoing monitoring of customer creditworthiness. |