Investment in National Beef Packing Company, LLC (Tables)

9 Months Ended

Sep. 27, 2025


Investment at December 28, 2024	$	169,381
Equity in net loss for thirteen-week period		(10,263	)
Distributions		–
Investment at March 29, 2025		159,118
Equity in net loss for thirteen-week period		(5,290	)
Distributions		–
Investment at June 28, 2025		153,828
Equity in net income for thirteen-week period		1,100
Purchase of additional membership interests in NBP		30,146
Distributions		–
Investment at September 27, 2025	$	185,074

Investment at December 30, 2023	$	162,597
Equity in net loss for thirteen-week period		(682	)
Distributions		–
Investment at March 30, 2024		161,915
Equity in net income for thirteen-week period		4,781
Distributions		–
Investment at June 29, 2024		166,696
Equity in net income for thirteen-week period		3,171
Distributions		–
Investment at September 28, 2024	$	169,867


	13 weeks ended						39 weeks ended
	September 27, 2025			September 28, 2024			September 27, 2025			September 28, 2024
		(unaudited)			(unaudited)			(unaudited)			(unaudited)
Net sales	$	3,639,372		$	3,244,627		$	10,168,857		$	9,173,604
Costs and expenses:
Cost of sales		3,548,150			3,146,575			10,014,945			8,888,190
Selling, general, and administrative expenses		25,073			25,484			81,213			90,925
Depreciation and amortization		43,727			39,261			128,126			111,968
Total costs and expenses		3,616,950			3,211,320			10,224,284			9,091,083
Operating income (loss)		22,422			33,307			(55,427	)		82,521
Other income (expense):
Interest income		6			14			24			74
Interest expense		(13,936	)		(11,133	)		(38,332	)		(31,368	)
Net income (loss) before taxes		8,492			22,188			(93,735	)		51,227
Income tax (expense) refund		(192	)		(150	)		850			3
Net income (loss)	$	8,300		$	22,038		$	(92,885	)	$	51,230

U. S. Premium Beef, LLC 10-Q