John B Sanfilippo & Son Inc
NASDAQ:JBSS
John B Sanfilippo & Son Inc
John B. Sanfilippo & Son, Inc. engages in selling nut and nut products through distribution channels. The company is headquartered in Elgin, Illinois and currently employs 1,300 full-time employees. These nuts are sold under its Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts and Sunshine Country brand names and under a range of private brands. The firm also markets and distributes a diverse product line of food and snack products, including snack mixes, salad toppings, snacks, snack bites, trail mixes, dried fruit and chocolate and yogurt coated products under its brand names and under private brands. The Company’s principal products are raw and processed nuts. The nut product line includes almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts and filberts. Its products are sold through approximately three primary distribution channels, including food retailers in the consumer channel, commercial ingredient users and contract packaging customers.
John B. Sanfilippo & Son, Inc. engages in selling nut and nut products through distribution channels. The company is headquartered in Elgin, Illinois and currently employs 1,300 full-time employees. These nuts are sold under its Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts and Sunshine Country brand names and under a range of private brands. The firm also markets and distributes a diverse product line of food and snack products, including snack mixes, salad toppings, snacks, snack bites, trail mixes, dried fruit and chocolate and yogurt coated products under its brand names and under private brands. The Company’s principal products are raw and processed nuts. The nut product line includes almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts and filberts. Its products are sold through approximately three primary distribution channels, including food retailers in the consumer channel, commercial ingredient users and contract packaging customers.
Record Results: JBSS delivered record top-line growth and a 32% increase in diluted EPS driven by cost management, operational efficiencies, and pricing actions.
Revenue Growth: Net sales rose 4.6% to $314.8 million in Q2; year-to-date net sales increased 6.3% to $613.5 million.
Margin Expansion: Gross profit margin improved to 18.8% from 17.4% in Q2, with gains attributed to better alignment of selling prices and commodity costs, plus operational efficiencies.
Volume Pressure: Sales volume declined nearly 10% due to shifting consumer behavior, higher prices, and reduced granola and private label bar sales.
Major Investments: The company is investing in new bar manufacturing equipment (85% on site or in transit) and expects new production to start in July 2026.
Dividend & Capex: A special dividend of $1 per share was paid, reflecting financial strength even as large capital projects are underway.
Industry Headwinds: Management cited elevated retail prices, shifting health trends, and category softness impacting volume but remains optimistic about growth and ongoing innovation.
