Segment Reporting

8 Months Ended

May 08, 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 May 8, 2022
Total revenue	$	38,534	$	7,268	$	6,794	$	52,596
Operating income	1,205		324		262		1,791
12 Weeks Ended May 9, 2021
Total revenue	$	32,759	$	6,299	$	6,219	$	45,277
Operating income	1,135		260		268		1,663
36 Weeks Ended May 8, 2022
Total revenue	$	112,418	$	21,406	$	21,039	$	154,863
Operating income	3,502		918		876		5,296
36 Weeks Ended May 9, 2021
Total revenue	$	96,178	$	18,311	$	18,765	$	133,254
Operating income	2,898		733		802		4,433
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				36 Weeks Ended
	May 8, 2022		May 9, 2021		May 8, 2022		May 9, 2021
Foods and Sundries	$	19,594	$	17,551	$	58,646	$	53,194
Non-Foods	13,810		12,899		43,077		39,006
Fresh Foods	6,813		6,296		20,211		18,413
Ancillary and Other Businesses	11,395		7,630		30,032		19,998
Total net sales	$	51,612	$	44,376	$	151,966	$	130,611