Segment Reporting

6 Months Ended

Feb. 13, 2022

Segment Reporting [Abstract]

Segment Reporting

Note 9—Segment Reporting

The Company and its subsidiaries are principally engaged in the operation of membership warehouses in the U.S., Canada, Mexico, Japan, U.K., Korea, Australia, Spain, Iceland, France and China and through a majority-owned subsidiary in Taiwan. Reportable segments are largely based on management’s organization of the operating segments for operational decisions and assessments of financial performance, which consider geographic locations. The material accounting policies of the segments are as described in the notes to the consolidated financial statements included in the Company's Annual Report filed on Form 10-K for the fiscal year ended August 29, 2021, and Note 1 above. Inter-segment net sales and expenses have been eliminated in computing total revenue and operating income. Effective for fiscal 2022, stock-based compensation was allocated to the segments in this reporting. This change reflected a decision to evaluate the financial performance of the segments inclusive of this expense. Operating income was restated in each of the segments for all prior periods to reflect this change.

The following table provides information for the Company's reportable segments:

	United States Operations		Canadian Operations		Other International Operations		Total
12 Weeks Ended February 13, 2022
Total revenue	$	37,567	$	7,017	$	7,320	$	51,904
Operating income	1,179		301		332		1,812
12 Weeks Ended February 14, 2021
Total revenue	$	32,127	$	6,001	$	6,641	$	44,769
Operating income	826		226		288		1,340
24 Weeks Ended February 13, 2022
Total revenue	$	73,884	$	14,138	$	14,245	$	102,267
Operating income	2,297		594		614		3,505
24 Weeks Ended February 14, 2021
Total revenue	$	63,419	$	12,012	$	12,546	$	87,977
Operating income	1,763		473		534		2,770
52 Weeks Ended August 29, 2021
Total revenue	$	141,398	$	27,298	$	27,233	$	195,929
Operating income	4,470		1,093		1,145		6,708

Disaggregated Revenue

The following table summarizes net sales by merchandise category; sales from e-commerce websites and business centers have been allocated to the applicable merchandise categories:

	12 Weeks Ended				24 Weeks Ended
	February 13, 2022		February 14, 2021		February 13, 2022		February 14, 2021
Foods and Sundries	$	19,489	$	17,624	$	39,052	$	35,643
Non-Foods	15,105		13,723		29,267		26,107
Fresh Foods	6,959		6,254		13,398		12,117
Ancillary and Other Businesses	9,384		6,287		18,637		12,368
Total net sales	$	50,937	$	43,888	$	100,354	$	86,235