John B Sanfilippo and Son Inc (JBSS)

John B. Sanfilippo & Son to Present and Host 1x1 Investor Meetings at the 16th Annual East Coast IDEAS Investor Conference on June 10th & 11th in New York, NYJune 2, 2026 5:27 PM
Business Wire John B. Sanfilippo & Son (NASDAQ: JBSS) today announced management will present at the East Coast IDEAS Investor Conference on Thursday June 11, 2026 at The Westin Times Square in New York, NY. The Company’s presentation is scheduled to begin at 9:55am ET and will hold investor meetings throughout the day. The presentation is webcast and can be accessed through the conference host’s main website: https://www.threepartadvisors.com/east-coast. The IDEAS Investor Conferences are held annually and are produced by Three Part Advisors, LLC. Additional information about the events can be located at www.IDEASconferences.com. Qualified investors interested in participating or scheduling a meeting with the Company should contact Lacey Wesley at (817) 769 -2373 or lWesley@IDEASconferences.com. About John B. Sanfilippo & Son, Inc. Based in Elgin, Illinois, John B. Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of nut and dried fruit products and snack and nutrition bars, that are sold under the Company’s Fisher®, Orchard Valley Harvest®, Squirrel Brand® and Southern Style Nuts® brand names and under a variety of private brands. View source version on businesswire.com: https://www.businesswire.com/news/home/20260602370244/en/ Company:
Frank S. Pellegrino
Chief Financial Officer
847-214-4138 Investor Relations:
John Beisler or Steven Hooser
Three Part Advisors, LLC
817-310-8776 Original: John B. Sanfilippo & Son to Present and Host 1x1 Investor Meetings at the 16th Annual East Coast IDEAS Investor Conference on June 10th & 11th in New York, NY

John B. Sanfilippo & Son, Inc. Voluntarily Recalls Snack Mix Products Due to Possible Health RiskMay 5, 2026 5:00 PM
Business Wire As a follow up to the voluntary recall of dry milk powder by California Dairies, Inc. due to the potential presence of Salmonella, John B. Sanfilippo & Son, Inc. (Nasdaq: JBSS) (the “Company”) announced today that it is voluntarily recalling certain snack mix items listed below that were flavored with a seasoning manufactured by a third-party supplier that contained the recalled dry milk powder. The affected seasoning tested negative for Salmonella prior to use; however, the Company is taking this action as a precautionary measure. To date, the Company has not received any reports of illnesses in connection with the recalled items. No items manufactured by the Company other than the items listed below are affected by this recall. Consumers who have purchased the affected items should not consume these products and should return them to the store of purchase for a full refund or replacement. Salmonella can cause serious and sometimes fatal infections in young children, frail or elderly people and others with weakened immune systems. Healthy persons infected with Salmonella often experience fever, diarrhea (which may be bloody), nausea, vomiting and abdominal pain. In rare circumstances, infection with Salmonella can result in the organism getting into the bloodstream and producing more severe illnesses such as arterial infections (i.e., infected aneurysms), endocarditis and arthritis. Item Description: The following items have been distributed under our Fisher, Squirrel Brand and Southern Style Nuts brands in retail stores and through e-commerce and QVC. JBSS ITEM NO. UPC NO. BRAND PRODUCT DESCRIPTION UNIT WT. BEST BY DATE P27594 070690275941 Fisher Tex Mex Trail Mix 30 oz BEST BY 08/06/27 07331 085839073319 Southern Style Nuts Gourmet Hunter Mix 23 oz BEST BY 01/28/27 BEST BY 02/05/27 BEST BY 02/12/27 BEST BY 02/17/27 BEST BY 03/03/27 BEST BY 03/14/27 07148 085839071483 Southern Style Nuts Gourmet Hunter Mix 36 oz BEST BY 12/FEB/2027 BEST BY 26/FEB/2027 BEST BY 13/MAR/2027 BEST BY 02/APR/2027 07332 085839916302 Southern Style Nuts Hunter Mix 30 oz BEST BY 01/29/27 BEST BY 02/03/27 BEST BY 02/10/27 BEST BY 02/19/27 BEST BY 02/24/27 BEST BY 03/02/27 BEST BY 03/10/27 BEST BY 03/16/27 05120 07223899166 Squirrel Brand Travelers Mix 16 oz BEST BY 04/30/27 BEST BY 05/28/27 BEST BY 06/24/27 05251 07223805251 Squirrel Brand Town & Country Mix 16 oz BEST BY 05/01/27 BEST BY 05/25/27 BEST BY 05/28/27 05450 07223805450 Squirrel Brand Town & Country Mix 7.5 oz BEST BY 02/10/27 The following item was distributed under the Good & Gather™ brand in Target retail stores. JBSS ITEM NO. UPC NO. BRAND PRODUCT DESCRIPTION UNIT WT. BEST BY DATE 03572 085239270240 Good & Gather™ Mexican Street Corn Trail Mix 8 oz BEST BY 23/MAR/2027 GY Contact for Consumers: Consumers or customers who have questions about the above recall may contact John B. Sanfilippo & Son, Inc. Customer Service toll-free at (800) 874-8734 Monday through Friday from 8:30 AM to 5:00 PM Central Daylight Time. View source version on businesswire.com: https://www.businesswire.com/news/home/20260505530339/en/ Contact for investors and media: Frank Pellegrino, CFO (847) 214-4138 Original: John B. Sanfilippo & Son, Inc. Voluntarily Recalls Snack Mix Products Due to Possible Health Risk

John B. Sanfilippo & Son, Inc. Reports Fiscal 2026 Third Quarter ResultsApril 29, 2026 4:10 PM
Business Wire
Third Quarter Net Sales Increased 8.0% to a Record $281.8 Million


John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the “Company”) today announced financial results for its fiscal 2026 third quarter ended March 26, 2026.


Third Quarter Summary



Net sales increased $20.9 million, or 8.0%, to $281.8 million



Sales volume remained essentially flat, declining slightly to 84.4 million pounds



Gross profit decreased 3.8% to $53.8 million



Diluted EPS decreased 16.9% to $1.43 per share



CEO Commentary

“We delivered another strong quarter with solid top line growth, supported by our continued focus on driving volume across all three sales channels. Total volume held steady with the prior year’s comparable quarter, and the sequential quarter improvement is an early indication that our volume growth initiatives are beginning to gain traction. In particular, we are encouraged by the improved performance in our commercial ingredients and contract manufacturing channels in the quarter. Our diversified multi-channel sales model, serving at-home consumer demand, away from home food service customers, and strategic contract manufacturing partnerships, continues to be a key competitive advantage, positioning us to capture growth opportunities wherever they emerge in the marketplace. This strategic channel mix enables us to navigate shifting consumption patterns and perform across varied end markets. Our teams are actively identifying additional opportunities to drive future volume growth, leveraging our new and existing manufacturing capabilities and supporting the onboarding of a new strategic customer in the contract manufacturing channel. We are encouraged by the progress we are making and remain confident in the opportunities ahead,” stated Jeffrey T. Sanfilippo, Chief Executive Officer.


Third Quarter Results


Net Sales

Net sales for the third quarter of fiscal 2026 increased $20.9 million, or 8.0%, to $281.8 million. This increase was driven by an 8.3% increase in the weighted average selling price per pound. Sales volume (pounds sold to customers) remained essentially flat; in particular, sales volume declined for substantially all major product types in the third quarter but increased for walnuts, pecans and mixed nuts. The increase in the weighted average selling price primarily reflected pricing actions taken in response to higher commodity acquisition costs for all major tree nuts and peanuts as well as a shift in product mix toward higher priced items in the current quarter.


Sales Volume


Consumer Distribution Channel -4.5%

The sales volume decrease was primarily driven by a 5.3% decline in private brand sales, reflecting lower volume in private label bars while nuts and trail mix sales volume remained relatively flat. Bar sales were impacted by continued category softness at a mass merchandise retailer, consistent with the trends seen in our most recent second quarter. Our strategic decision to reduce sales to a grocery store retailer also contributed to the overall decline in bar volume. Sales of nuts and trail mix were negatively impacted by elevated retail prices, reduced promotional activity and discontinuation of underperforming items. These impacts were largely offset by new private branded walnut distribution at an existing grocery retailer and increased sales resulting from promotional pricing on walnuts and peanuts at an online retailer. In addition, branded sales benefited from limited opportunistic orders for Orchard Valley Harvest to a customer in the non-food sector.


Commercial Ingredients Distribution Channel +14.3%

This sales volume increase was mainly driven by higher food service sales volume at existing customers and sales to two new customers. In addition, increased sales of peanut crushing stock contributed to the overall growth in the quarterly comparison.


Contract Manufacturing Distribution Channel +16.5%

This sales volume increase was driven by increased snack nut sales to a significant new customer as we continue onboarding this customer that we added in the second quarter of the prior year. This increase was partially offset by decreased granola sales volume.


Gross Profit

Gross profit decreased by $2.1 million to $53.8 million and gross margin declined to 19.1% from 21.4%. This decrease was primarily due to significantly lower inventory valuation adjustments compared to the prior year quarter, partially offset by higher net sales.


Operating Expenses, net

Total operating expenses increased $2.3 million in the quarterly comparison primarily due to higher incentive compensation expenses. This increase was partially offset by lower compensation costs, lower rent expenses and a gain on the sale of non-core equipment. Total operating expenses as a percentage of net sales remained unchanged at 10.6%


Inventory

The value of total inventories on hand at the end of the current third quarter decreased $5.2 million, or 2.0%. The decrease was primarily due to lower commodity acquisition costs for walnuts and peanuts, as well as lower on-hand quantities of pecans, walnuts and almonds. These reductions were partially offset by the impact of higher pecan acquisition costs and increased on-hand quantities of peanuts. The weighted average cost per pound of raw nut and dried fruit input stock on hand increased 10.5% year over year mainly due to the reasons noted above.


Nine Month Results



Net sales increased 6.8% to $895.2 million. The increase in net sales was primarily attributable to a 11.0% increase in weighted average selling price per pound, which was partially offset by a 3.7% decrease in sales volume.



Sales volume decreased 3.7%, primarily due to lower sales volume in the consumer channel, which was partially offset by sales volume increase in the commercial ingredients channel.



Gross profit margin increased from 18.5% to 18.7% of net sales. This increase was mainly attributable to aligning our pricing more closely with commodity acquisition costs, the absence of a one-time pricing concession recognized in the prior period and the factors noted above.



Operating expenses remained essentially flat at $90.3 million.



Diluted EPS increased 17.6%, or $0.68 per diluted share, to $4.55.



In closing, Mr. Sanfilippo commented, “We remain attentive to category trends and continue to monitor consumer sentiment, which is showing early signs of stabilizing. At the same time, we recognize that rising global tensions in certain key regions and the resulting impact on energy prices and supply chain dynamics are contributing to ongoing uncertainty. As a result, we are maintaining a nimble mindset as we move forward. I want to thank all of our employees for their continued dedication as we stay focused on executing our strategy and driving sustainable long-term value for our shareholders.”


Conference Call

The Company will host an investor conference call and webcast on Thursday, April 30, 2026, at 10:00 a.m. Eastern (9:00 a.m. Central) to discuss these results. To register for the call, please click on the Participant Registration by register using this link: https://register-conf.media-server.com/register/BIfa80603ce45d4f61b4c7eb9610d20e9b. After registering, an email will be sent, including dial-in details and a unique access code required to join the live call. Please ensure you have registered at least 15 minutes prior to the conference call time. This call is also being webcast by Notified and can be accessed at the Company’s website at www.jbssinc.com.


About John B. Sanfilippo & Son, Inc.

Based in Elgin, Illinois, John B. Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of nut and dried fruit products and snack bars, that are sold under the Company’s Fisher®, Orchard Valley Harvest®, Squirrel Brand® and Southern Style Nuts® brand names and under a variety of private brands.


Forward Looking Statements

Some of the statements in this release are forward-looking. These forward-looking statements may be generally identified by the use of forward-looking words and phrases such as “will,” “intends,” “may,” “believes,” “anticipates,” “should” and “expects” and are based on the Company’s current expectations or beliefs concerning future events and involve risks and uncertainties. Consequently, the Company’s actual results could differ materially. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors that affect the subject of these statements, except where expressly required to do so by law. Among the factors that could cause results to differ materially from current expectations are: (i) sales activity for the Company’s products, such as a decline in sales to one or more key customers, or to customers or in the nut and bars categories generally, in some or all channels, a change in product mix to lower price products, a decline in sales of private brand products or changing consumer preferences, including a shift from higher margin products to lower margin products; (ii) changes in the availability and costs of raw materials and ingredients due to global conflict, tariffs and other import restrictions and the impact of fixed price commitments with customers; (iii) the ability to pass on price increases to customers if commodity costs rise and the potential for a negative impact on demand for, and sales of, our products from price increases; (iv) the ability to measure and estimate bulk inventory, fluctuations in the value and quantity of the Company’s nut inventories due to fluctuations in the market prices of nuts and bulk inventory estimation adjustments, respectively; (v) the Company’s ability to appropriately respond to, or lessen the negative impact of, competitive and pricing pressures; (vi) losses associated with product recalls, product contamination, food labeling or other food safety issues, or the potential for lost sales or product liability if customers lose confidence in the safety of the Company’s products or in nuts or nut products in general, or are harmed as a result of using the Company’s products; (vii) the ability of the Company to control costs (including inflationary costs) and manage shortages or other disruptions in areas such as inputs, transportation and labor; (viii) uncertainty in economic conditions, including the potential for inflation or economic downturn leading to decreased consumer demand; (ix) the timing and occurrence (or nonoccurrence) of other transactions and events which may be subject to circumstances beyond the Company’s control, including the impact of tariff refunds with respect to us and our customers; (x) the adverse effect of labor unrest or disputes, litigation and/or legal settlements, including potential unfavorable outcomes exceeding any amounts accrued; (xi) losses due to significant disruptions at any of our production or processing facilities, our inability to meet or fulfill customer orders on a timely basis, if at all, or employee unavailability due to labor shortages; (xii) the ability to implement our Long-Range Plan, including growing our branded and private brand product sales, diversifying our product offerings (including by the launch of new products) and expanding into alternative sales channels; (xiii) technology disruptions or failures or the occurrence of cybersecurity incidents or breaches; (xiv) the inability to protect the Company’s brand value, intellectual property or avoid intellectual property disputes; and (xv) our ability to manage the impacts of changing weather patterns on raw material availability due to climate change.



 


 


 



JOHN B. SANFILIPPO & SON, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(Dollars in thousands, except per share amounts) 







 



 






 






For the Quarter Ended






 






For the Thirty-Nine Weeks Ended








 






 






March 26,




2026






 






March 27,




2025






 






March 26,




2026






 






March 27,




2025








Net sales






 






$






281,779






 






 






$






260,907






 






 






$






895,239






 






 






$






838,170






 








Cost of sales






 






 






228,008






 






 






 






205,014






 






 






 






728,205






 






 






 






683,482






 








Gross profit






 






 






53,771






 






 






 






55,893






 






 






 






167,034






 






 






 






154,688






 








Operating expenses:






 






 






 






 






 






 






 






 






 






 






 






 








Selling expenses






 






 






19,262






 






 






 






18,630






 






 






 






58,285






 






 






 






61,089






 








Administrative expenses






 






 






10,724






 






 






 






9,066






 






 






 






31,972






 






 






 






29,026






 








Total operating expenses






 






 






29,986






 






 






 






27,696






 






 






 






90,257






 






 






 






90,115






 








Income from operations






 






 






23,785






 






 






 






28,197






 






 






 






76,777






 






 






 






64,573






 








Other expense:






 






 






 






 






 






 






 






 






 






 






 






 








Interest expense






 






 






523






 






 






 






1,055






 






 






 






2,010






 






 






 






2,343






 








Rental and miscellaneous expense, net






 






 






576






 






 






 






638






 






 






 






1,726






 






 






 






1,396






 








Pension expense (excluding service costs)






 






 






389






 






 






 






362






 






 






 






1,167






 






 






 






1,084






 








Total other expense, net






 






 






1,488






 






 






 






2,055






 






 






 






4,903






 






 






 






4,823






 








Income before income taxes






 






 






22,297






 






 






 






26,142






 






 






 






71,874






 






 






 






59,750






 








Income tax expense






 






 






5,449






 






 






 






5,989






 






 






 






18,343






 






 






 






14,343






 








Net income






 






$






16,848






 






 






$






20,153






 






 






$






53,531






 






 






$






45,407






 








Basic earnings per common share






 






$






1.44






 






 






$






1.73






 






 






$






4.58






 






 






$






3.90






 








Diluted earnings per common share






 






$






1.43






 






 






$






1.72






 






 






$






4.55






 






 






$






3.87






 








Weighted average shares outstanding






 






 






 






 






 






 






 






 






 






 






 






 








— Basic






 






 






11,716,987






 






 






 






11,669,939






 






 






 






11,692,775






 






 






 






11,650,378






 








— Diluted






 






 






11,798,355






 






 






 






11,735,709






 






 






 






11,761,660






 






 






 






11,721,054






 








 


 


 


 



JOHN B. SANFILIPPO & SON, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(Dollars in thousands) 







 



 






 






March 26,




2026






 






June 26,




2025






 






March 27,




2025








ASSETS






 






 






 






 






 






 








CURRENT ASSETS:






 






 






 






 






 






 








Cash






 






$






1,291






 






 






$






585






 






 






$






1,295






 








Accounts receivable, net






 






 






85,239






 






 






 






76,656






 






 






 






74,538






 








Inventories






 






 






252,620






 






 






 






254,600






 






 






 






257,798






 








Prepaid expenses and other current assets






 






 






12,989






 






 






 






14,583






 






 






 






15,565






 








 






 






 






352,139






 






 






 






346,424






 






 






 






349,196






 








 






 






 






 






 






 






 








PROPERTIES, NET:






 






 






241,334






 






 






 






178,219






 






 






 






174,383






 








 






 






 






 






 






 






 








OTHER LONG-TERM ASSETS:






 






 






 






 






 






 








Intangibles, net






 






 






15,348






 






 






 






16,178






 






 






 






16,490






 








Deferred income taxes






 






 






—






 






 






 






5,782






 






 






 






3,605






 








Operating lease right-of-use assets






 






 






25,768






 






 






 






27,824






 






 






 






28,871






 








Equipment deposits






 






 






6,200






 






 






 






12,438






 






 






 






10,019






 








Other assets






 






 






9,880






 






 






 






10,738






 






 






 






7,412






 








 






 






 






57,196






 






 






 






72,960






 






 






 






66,397






 








TOTAL ASSETS






 






$






650,669






 






 






$






597,603






 






 






$






589,976






 








 






 






 






 






 






 






 








LIABILITIES & STOCKHOLDERS' EQUITY






 






 






 






 






 






 








CURRENT LIABILITIES:






 






 






 






 






 






 








Revolving credit facility borrowings






 






$






31,152






 






 






$






57,584






 






 






$






89,602






 








Current maturities of long-term debt






 






 






3,827






 






 






 






941






 






 






 






790






 








Accounts payable






 






 






73,092






 






 






 






60,479






 






 






 






51,966






 








Bank overdraft






 






 






726






 






 






 






294






 






 






 






942






 








Accrued expenses






 






 






44,374






 






 






 






36,748






 






 






 






30,691






 








 






 






 






153,171






 






 






 






156,046






 






 






 






173,991






 








 






 






 






 






 






 






 








LONG-TERM LIABILITIES:






 






 






 






 






 






 








Long-term debt, less current maturities






 






 






40,672






 






 






 






14,564






 






 






 






5,765






 








Retirement plan






 






 






29,200






 






 






 






27,921






 






 






 






27,082






 








Long-term operating lease liabilities






 






 






21,933






 






 






 






24,224






 






 






 






25,304






 








Deferred income taxes






 






 






3,638






 






 






 






—






 






 






 






—






 








Other






 






 






14,406






 






 






 






14,151






 






 






 






11,221






 








 






 






 






109,849






 






 






 






80,860






 






 






 






69,372






 








 






 






 






 






 






 






 








STOCKHOLDERS' EQUITY:






 






 






 






 






 






 








Class A Common Stock






 






 






26






 






 






 






26






 






 






 






26






 








Common Stock






 






 






92






 






 






 






92






 






 






 






92






 








Capital in excess of par value






 






 






142,342






 






 






 






139,724






 






 






 






138,687






 








Retained earnings






 






 






245,829






 






 






 






221,495






 






 






 






207,968






 








Accumulated other comprehensive income






 






 






564






 






 






 






564






 






 






 






1,044






 








Treasury stock






 






 






(1,204






)






 






 






(1,204






)






 






 






(1,204






)








TOTAL STOCKHOLDERS’ EQUITY






 






 






387,649






 






 






 






360,697






 






 






 






346,613






 








TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY






 






$






650,669






 






 






$






597,603






 






 






$






589,976






 































 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260429646478/en/
Company:

Frank S. Pellegrino

Chief Financial Officer

847-214-4138


Investor Relations:

John Beisler or Steven Hooser

Three Part Advisors, LLC

817-310-8776


 


Original: John B. Sanfilippo & Son, Inc. Reports Fiscal 2026 Third Quarter Results

John B. Sanfilippo & Son, Inc. Declares $1.50 Per Share Special DividendMarch 30, 2026 4:10 PM
Business Wire
John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the “Company”) today announced that its Board of Directors (the “Board”) declared a special cash dividend (the “Special Dividend”) of $1.50 per share on all issued and outstanding shares of Common Stock of the Company and $1.50 per share on all issued and outstanding shares of Class A Common Stock of the Company. The Special Dividend will return approximately $17.6 million to Company stockholders.


The Special Dividend will be paid on May 21, 2026, to stockholders of record as of the close of business on April 27, 2026.


“We are pleased to announce the $1.50 per share Special Dividend,” stated Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer. “Our financial performance over the last several quarters has enabled us to declare another Special Dividend in the current fiscal year. This Special Dividend, along with the special dividends and annual dividend previously paid by the Company, brings the total cash returned to our stockholders to $4.00 per share in the current fiscal year. This Special Dividend, like our previous dividends, underscores our commitment to creating long-term stockholder value through the disciplined and responsible use of cash. Furthermore, this Special Dividend would not be possible without the hard work and dedication of all our employees,” Mr. Sanfilippo concluded.


ABOUT THE COMPANY


John B. Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of nut and dried fruit-based products, snack bars, and dried cheese snacks that are sold under a variety of private brands and under the Company’s Fisher®, Orchard Valley Harvest®, Squirrel Brand™, and Southern Style Nuts® brand names.


Forward Looking Statements


Some of the statements in this release are forward-looking. These forward-looking statements may be generally identified by the use of forward-looking words and phrases such as “will”, “intends”, “may”, “believes”, “anticipates”, “should” and “expects” and are based on the Company’s current expectations or beliefs concerning future events and involve risks and uncertainties. Consequently, the Company’s actual results could differ materially. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors that affect the subject of these statements, except where expressly required to do so by law. Among the factors that could cause results to differ materially from current expectations are: (i) sales activity for the Company’s products, such as a decline in sales to one or more key customers, or to customers or in the nut and bars categories generally, in some or all channels, a change in product mix to lower price products, a decline in sales of private brand products or changing consumer preferences, including a shift from higher margin products to lower margin products; (ii) changes in the availability and costs of raw materials and ingredients due to tariffs and other import restrictions and the impact of fixed price commitments with customers; (iii) the ability to pass on price increases to customers if commodity costs rise and the potential for a negative impact on demand for, and sales of, our products from price increases; (iv) the ability to measure and estimate bulk inventory, fluctuations in the value and quantity of the Company’s nut inventories due to fluctuations in the market prices of nuts and bulk inventory estimation adjustments, respectively; (v) the Company’s ability to appropriately respond to, or lessen the negative impact of, competitive and pricing pressures; (vi) losses associated with product recalls, product contamination, food labeling or other food safety issues, or the potential for lost sales or product liability if customers lose confidence in the safety of the Company’s products or in nuts or nut products in general, or are harmed as a result of using the Company’s products; (vii) the ability of the Company to control costs (including inflationary costs) and manage shortages or other disruptions in areas such as inputs, transportation and labor; (viii) uncertainty in economic conditions, including the potential for inflation or economic downturn leading to decreased consumer demand; (ix) the timing and occurrence (or nonoccurrence) of other transactions and events which may be subject to circumstances beyond the Company’s control; (x) the adverse effect of labor unrest or disputes, litigation and/or legal settlements, including potential unfavorable outcomes exceeding any amounts accrued; (xi) losses due to significant disruptions at any of our production or processing facilities, our inability to meet or fulfill customer orders on a timely basis, if at all, or employee unavailability due to labor shortages; (xii) the ability to implement our Long-Range Plan, including growing our branded and private brand product sales, diversifying our product offerings (including by the launch of new products) and expanding into alternative sales channels; (xiii) technology disruptions or failures or the occurrence of cybersecurity incidents or breaches; (xiv) the inability to protect the Company’s brand value, intellectual property or avoid intellectual property disputes; and (xv) our ability to manage the impacts of changing weather patterns on raw material availability due to climate change.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260330418957/en/
Company

Frank S. Pellegrino

Chief Financial Officer

847-214-4138


Investor Relations

John Beisler or Steven Hooser

Three Part Advisors, LLC

817-310-8776


Original: John B. Sanfilippo & Son, Inc. Declares $1.50 Per Share Special Dividend

John B. Sanfilippo & Son, Inc. Reports Fiscal 2026 Second Quarter ResultsJanuary 29, 2026 4:10 PM
Business Wire
Record Breaking Net Sales Drove a Diluted EPS Increase of 31.9% to $1.53 per Share


John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the “Company”) today announced financial results for its fiscal 2026 second quarter ended December 25, 2025.


Second Quarter Summary



Net sales increased $13.7 million, or 4.6%, to $314.8 million



Sales volume decreased 9.3 million pounds, or 9.7%, to 87.0 million pounds



Gross profit increased 13.2% to $59.2 million



Diluted EPS increased 31.9% to $1.53 per share



CEO Commentary


“We delivered strong top-line growth and achieved an approximately 32% increase in diluted earnings per share for the quarter, driven by executing our ongoing strategic initiatives of disciplined cost management, operational efficiencies and strategic pricing actions. While these results are encouraging, we continue to navigate headwinds from shifting consumer behavior, emerging health and wellness trends and elevated retail selling prices, which weighed on overall sales volume. However, we have a strong and diverse set of products that align with these emerging health and wellness trends and priorities, and we are further expanding our pipeline with new innovations to capitalize on these trends and growth opportunities. We believe that the recent reduction in trade tariffs on most imported nuts, primarily cashews, should help lower selling prices of certain products over time and support future demand. I am confident that we have the right team, capabilities and focus to navigate this dynamic environment successfully, capitalize on growth opportunities and deliver long-term value for our shareholders,” stated Jeffrey T. Sanfilippo, Chief Executive Officer.


Second Quarter Results


Net Sales


Net sales for the second quarter of fiscal 2026 increased $13.7 million, or 4.6%, to $314.8 million. This increase was primarily driven by a 15.8% increase in the weighted average selling price per pound, which was partially offset by a 9.7% decline in sales volume (pounds sold to customers). The increase in the weighted average selling price per pound was largely attributable to higher commodity acquisition costs for all major tree nuts and peanuts. Sales volume decreased across most major product types. Approximately half of the sales volume decline was attributable to granola sold in the contract manufacturing channel, a non-core and temporary business opportunity, while our core business of walnuts, almonds, and pecans achieved volume growth during the quarter.


Sales Volume


Consumer Distribution Channel -8.4%


The decrease in sales volume was primarily driven by a 7.9% decline in private brand sales, due to lower volumes in private label bars and, to a lesser extent, nuts and trail mix. Nuts and trail mix sales were impacted by higher retail prices, soft demand, including consumer downsizing, and reduced distribution at a major mass merchandiser. These declines were partially offset by new business with an existing customer and improved performance at another mass merchandiser. Bar sales declined as prior year’s volumes were elevated by low industry-wide inventory levels and the lingering impact of a national brand recall, which temporarily boosted private label bars demand. A strategic reduction in sales to one grocery retailer also contributed to the bars decline. Branded sales were negatively impacted by lost distribution of Orchard Valley Harvest at a major non-food customer and the timing of Fisher snack promotions also at a major non-food customer.


Commercial Ingredients Distribution Channel -1.1%


Sales volume remained relatively unchanged, with a decline of 1.1%.


Contract Manufacturing Distribution Channel -26.5%


This reduction in sales volume was primarily driven by the decreased granola volume processed at our Lakeville facility, which was partially offset by increased snack nut sales to a customer added during the second quarter of the prior year.


Gross Profit


Gross profit increased $6.9 million to $59.2 million and gross profit margin increased to 18.8% of net sales from 17.4% of net sales in the prior year’s second quarter. This improvement was primarily driven by higher net sales during the quarter, with selling prices more closely aligned with commodity acquisition costs compared to the second quarter of the prior year. Additionally, reduced manufacturing spending and operational efficiencies contributed to the overall increase in gross profit.


Operating Expenses, net


Total operating expenses were essentially flat compared to the prior year’s second quarter, increasing by $0.3 million. The slight increase was primarily driven by higher incentive compensation, largely offset by lower marketing, insights, freight, third-party warehouse and compensation costs. As a percentage of net sales, total operating expenses declined to 10.5% from 10.9% in the prior comparable quarter, reflecting the factors noted above, and a higher net sales base.


Inventory


The value of total inventories on hand at the end of the current second quarter increased $29.6 million, or 14.4%. The increase was driven by higher commodity acquisition costs across all major nut types except for peanuts and inshell walnuts, as well as greater on-hand quantities of work in process and finished goods inventory to support forecasted demand. The weighted average cost per pound of raw nut and dried fruit input stock on hand increased 11.8% year over year primarily due to higher acquisition costs for all major tree nuts except for inshell walnuts, partially offset by lower acquisition cost of peanuts and lower on-hand quantities of almonds and cashews.


Six Month Results



Net Sales increased 6.3% to $613.5 million. The increase in net sales was primarily attributable to a 12.2% increase in weighted average selling price per pound, which was partially offset by a 5.3% decrease in sales volume.



Sales volume decreased 5.3%, primarily due to lower sales volume in the consumer and contract manufacturing channels, partially offset by year-to-date growth in the commercial ingredient channel.



Gross profit margin increased to 18.5% of net sales compared to 17.1% in the prior period. The increase was mainly attributable to the factors noted above and a one-time pricing concession in the prior year first quarter to a bar customer that did not recur in this fiscal year.



Operating expenses decreased $2.1 million to $60.3 million. The decrease in total operating expenses was primarily driven by lower marketing and insights spending, reduced third-party warehouse costs, decreased freight expenses, lower compensation and lower third-party recruitment expenses. These savings were partially offset by an increase in incentive compensation.



Diluted EPS increased 44.4%, or $0.96 per diluted share, to $3.12.



In closing, Mr. Sanfilippo commented, “We remain committed to driving growth and profitability to deliver long-term value to our shareholders. At the start of the third quarter, we distributed a special dividend of $1.00 per share, reflecting our strong financial position and disciplined capital allocation strategy. This return of capital to our shareholders occurred concurrently with one of the largest capital expenditure initiatives in our Company’s history. These strategic investments position us to enhance operational efficiency, expand production capacity and capture emerging market opportunities to support sustained growth and profitability.”


Conference Call


The Company will host an investor conference call and webcast on Friday, January 30, 2026, at 10:00 a.m. Eastern (9:00 a.m. Central) to discuss these results. To register for the call, please click on the Participant Registration by register using this link: Conference Registration. After registering, an email will be sent, including dial-in details and a unique access code required to join the live call. Please ensure you have registered at least 15 minutes prior to the conference call time.


This call is also being webcast by Notified and can be accessed at the Company’s website at www.jbssinc.com.


About John B. Sanfilippo & Son, Inc.


Based in Elgin, Illinois, John B. Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of nut and dried fruit products, bars, and dried cheese snacks, that are sold under the Company’s Fisher ®, Orchard Valley Harvest ®, Squirrel Brand ®, Southern Style Nuts ® and Just the Cheese ® brand names and under a variety of private brands.


Forward Looking Statements


Some of the statements in this release are forward-looking. These forward-looking statements may be generally identified by the use of forward-looking words and phrases such as “will”, “intends”, “may”, “believes”, “anticipates”, “should” and “expects” and are based on the Company’s current expectations or beliefs concerning future events and involve risks and uncertainties. Consequently, the Company’s actual results could differ materially. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors that affect the subject of these statements, except where expressly required to do so by law. Among the factors that could cause results to differ materially from current expectations are: (i) sales activity for the Company’s products, such as a decline in sales to one or more key customers, or to customers or in the nut and bars categories generally, in some or all channels, a change in product mix to lower price products, a decline in sales of private brand products or changing consumer preferences, including a shift from higher margin products to lower margin products; (ii) changes in the availability and costs of raw materials and ingredients due to tariffs and other import restrictions and the impact of fixed price commitments with customers; (iii) the ability to pass on price increases to customers if commodity costs rise and the potential for a negative impact on demand for, and sales of, our products from price increases; (iv) the ability to measure and estimate bulk inventory, fluctuations in the value and quantity of the Company’s nut inventories due to fluctuations in the market prices of nuts and bulk inventory estimation adjustments, respectively; (v) the Company’s ability to appropriately respond to, or lessen the negative impact of, competitive and pricing pressures; (vi) losses associated with product recalls, product contamination, food labeling or other food safety issues, or the potential for lost sales or product liability if customers lose confidence in the safety of the Company’s products or in nuts or nut products in general, or are harmed as a result of using the Company’s products; (vii) the ability of the Company to control costs (including inflationary costs) and manage shortages or other disruptions in areas such as inputs, transportation and labor; (viii) uncertainty in economic conditions, including the potential for inflation or economic downturn leading to decreased consumer demand; (ix) the timing and occurrence (or nonoccurrence) of other transactions and events which may be subject to circumstances beyond the Company’s control; (x) the adverse effect of labor unrest or disputes, litigation and/or legal settlements, including potential unfavorable outcomes exceeding any amounts accrued; (xi) losses due to significant disruptions at any of our production or processing facilities, our inability to meet or fulfill customer orders on a timely basis, if at all, or employee unavailability due to labor shortages; (xii) the ability to implement our Long-Range Plan, including growing our branded and private brand product sales, diversifying our product offerings (including by the launch of new products) and expanding into alternative sales channels; (xiii) technology disruptions or failures or the occurrence of cybersecurity incidents or breaches; (xiv) the inability to protect the Company’s brand value, intellectual property or avoid intellectual property disputes; and (xv) our ability to manage the impacts of changing weather patterns on raw material availability due to climate change.


 




JOHN B. SANFILIPPO & SON, INC.





 



CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS









(Unaudited)









(Dollars in thousands, except per share amounts)














 



 






 






For the Quarter Ended






 






 






For the Twenty-Six Weeks Ended






 








 






 






December 25,






 






 






December 26,






 






 






December 25,






 






 






December 26,






 










2025








2024








2025








2024









Net sales






 






$






314,777






 






 






$






301,067






 






 






$






613,460






 






 






$






577,263






 








Cost of sales






 






 






255,608






 






 






 






248,816






 






 






 






500,197






 






 






 






478,468






 








Gross profit






 






 






59,169






 






 






 






52,251






 






 






 






113,263






 






 






 






98,795






 








Operating expenses:






 






 






 






 






 






 






 






 






 






 






 






 








Selling expenses






 






 






21,143






 






 






 






22,620






 






 






 






39,023






 






 






 






42,459






 








Administrative expenses






 






 






12,051






 






 






 






10,262






 






 






 






21,248






 






 






 






19,960






 








Total operating expenses






 






 






33,194






 






 






 






32,882






 






 






 






60,271






 






 






 






62,419






 








Income from operations






 






 






25,975






 






 






 






19,369






 






 






 






52,992






 






 






 






36,376






 








Other expense:






 






 






 






 






 






 






 






 






 






 






 






 








Interest expense






 






 






503






 






 






 






772






 






 






 






1,487






 






 






 






1,288






 








Rental and miscellaneous expense, net






 






 






574






 






 






 






347






 






 






 






1,150






 






 






 






758






 








Pension expense (excluding service costs)






 






 






389






 






 






 






361






 






 






 






778






 






 






 






722






 








Total other expense, net






 






 






1,466






 






 






 






1,480






 






 






 






3,415






 






 






 






2,768






 








Income before income taxes






 






 






24,509






 






 






 






17,889






 






 






 






49,577






 






 






 






33,608






 








Income tax expense






 






 






6,552






 






 






 






4,294






 






 






 






12,894






 






 






 






8,354






 








Net income






 






$






17,957






 






 






$






13,595






 






 






$






36,683






 






 






$






25,254






 








Basic earnings per common share






 






$






1.54






 






 






$






1.17






 






 






$






3.14






 






 






$






2.17






 








Diluted earnings per common share






 






$






1.53






 






 






$






1.16






 






 






$






3.12






 






 






$






2.16






 








Weighted average shares outstanding






 






 






 






 






 






 






 






 






 






 






 






 








— Basic






 






 






11,690,152






 






 






 






11,647,791






 






 






 






11,680,669






 






 






 






11,640,598






 








— Diluted






 






 






11,739,426






 






 






 






11,710,091






 






 






 






11,743,313






 






 






 






11,713,727






 







 




JOHN B. SANFILIPPO & SON, INC.








CONDENSED CONSOLIDATED BALANCE SHEETS








(Unaudited)








(Dollars in thousands)
















 



 






 






December 25,






 






 






June 26,






 






 






December 26,






 










2025








2025








2024









ASSETS






 






 






 






 






 






 






 






 






 








CURRENT ASSETS:






 






 






 






 






 






 






 






 






 








Cash






 






$






2,400






 






 






$






585






 






 






$






336






 








Accounts receivable, net






 






 






79,823






 






 






 






76,656






 






 






 






81,200






 








Inventories






 






 






235,427






 






 






 






254,600






 






 






 






205,842






 








Prepaid expenses and other current assets






 






 






19,566






 






 






 






14,583






 






 






 






19,320






 








 






 






 






337,216






 






 






 






346,424






 






 






 






306,698






 








 






 






 






 






 






 






 






 






 






 








PROPERTIES, NET:






 






 






187,613






 






 






 






178,219






 






 






 






174,129






 








 






 






 






 






 






 






 






 






 






 








OTHER LONG-TERM ASSETS:






 






 






 






 






 






 






 






 






 








Intangibles, net






 






 






15,560






 






 






 






16,178






 






 






 






16,807






 








Deferred income taxes






 






 






—






 






 






 






5,782






 






 






 






3,900






 








Operating lease right-of-use assets






 






 






26,941






 






 






 






27,824






 






 






 






29,019






 








Equipment deposits






 






 






40,475






 






 






 






12,438






 






 






 






7,203






 








Other assets






 






 






9,924






 






 






 






10,738






 






 






 






7,497






 








 






 






 






92,900






 






 






 






72,960






 






 






 






64,426






 








TOTAL ASSETS






 






$






617,729






 






 






$






597,603






 






 






$






545,253






 








 






 






 






 






 






 






 






 






 






 








LIABILITIES & STOCKHOLDERS' EQUITY






 






 






 






 






 






 






 






 






 








CURRENT LIABILITIES:






 






 






 






 






 






 






 






 






 








Revolving credit facility borrowings






 






$






10,000






 






 






$






57,584






 






 






$






49,753






 








Current maturities of long-term debt






 






 






3,131






 






 






 






941






 






 






 






834






 








Accounts payable






 






 






79,897






 






 






 






60,479






 






 






 






64,585






 








Bank overdraft






 






 






2,763






 






 






 






294






 






 






 






1,953






 








Dividends payable






 






 






11,704






 






 






 






—






 






 






 






—






 








Accrued expenses






 






 






40,911






 






 






 






36,748






 






 






 






32,937






 








 






 






 






148,406






 






 






 






156,046






 






 






 






150,062






 








 






 






 






 






 






 






 






 






 






 








LONG-TERM LIABILITIES:






 






 






 






 






 






 






 






 






 








Long-term debt, less current maturities






 






 






28,839






 






 






 






14,564






 






 






 






5,969






 








Retirement plan






 






 






28,794






 






 






 






27,921






 






 






 






26,773






 








Long-term operating lease liabilities






 






 






23,142






 






 






 






24,224






 






 






 






25,754






 








Deferred income taxes






 






 






3,935






 






 






 






—






 






 






 






—






 








Other






 






 






14,489






 






 






 






14,151






 






 






 






11,064






 








 






 






 






99,199






 






 






 






80,860






 






 






 






69,560






 








 






 






 






 






 






 






 






 






 






 








STOCKHOLDERS' EQUITY:






 






 






 






 






 






 






 






 






 








Class A Common Stock






 






 






26






 






 






 






26






 






 






 






26






 








Common Stock






 






 






92






 






 






 






92






 






 






 






92






 








Capital in excess of par value






 






 






141,665






 






 






 






139,724






 






 






 






137,858






 








Retained earnings






 






 






228,981






 






 






 






221,495






 






 






 






187,815






 








Accumulated other comprehensive income






 






 






564






 






 






 






564






 






 






 






1,044






 








Treasury stock






 






 






(1,204






)






 






 






(1,204






)






 






 






(1,204






)








TOTAL STOCKHOLDERS’ EQUITY






 






 






370,124






 






 






 






360,697






 






 






 






325,631






 








TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY






 






$






617,729






 






 






$






597,603






 






 






$






545,253






 







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260129356587/en/
Company:

Frank S. Pellegrino

Chief Financial Officer

847-214-4138


Investor Relations:

John Beisler or Steven Hooser

Three Part Advisors, LLC

817-310-8776


 


Original: John B. Sanfilippo & Son, Inc. Reports Fiscal 2026 Second Quarter Results