What is the market's earnings forecast for John B. Sanfilippo next quarter?

Did John B. Sanfilippo beat or miss consensus estimates last quarter?

What guidance did John B. Sanfilippo's management provide for the next earnings period?

What were the key takeaways from John B. Sanfilippo’s earnings call?

What factors drove the changes in John B. Sanfilippo's revenue and profit?

What is John B. Sanfilippo's gross profit margin?

What is the revenue and EPS growth rate for John B. Sanfilippo year over year?

What were the key takeaways from John B. Sanfilippo's earnings call?

- **Record Dividend**: $11.7M special dividend highlights strong cash flow and shareholder return focus.
- **Revenue Growth**: 8.1% sales increase to $298.7M, driven by price hikes offsetting volume declines.
- **Margin Expansion**: Gross margin up to 18.1%, operating expenses down 9.1% of sales.
- **Expansion Ambitions**: New Illinois facility to boost bar innovation and holiday season production.
- **Challenges**: Commodity inflation (+24.8% nut costs), soft consumer demand, and supply chain volatility.

**【CEO Opening Remarks】**
- **59% EPS Growth**: Diluted earnings per share improved significantly, driven by operational efficiency and cost management.
- **Special Dividend**: $1 per share dividend totaling $11.7 million, reflecting strong cash flow and shareholder value focus.
- **Manufacturing Expansion**: New 446k sq ft facility in Huntley, IL, set to begin production by end of FY2026, enabling innovation in snack and protein bars.
- **Commodity Challenges**: Mitigated nut and cocoa price increases through pack size adjustments, formula changes, and supply chain optimization.

**【CFO Financial Commentary】**
- **Revenue Growth**: Net sales rose 8.1% to $298.7M, driven by 8.9% increase in weighted average sales price per pound.
- **Gross Margin Expansion**: Gross profit margin improved to 18.1% (vs. 16.9% last year), benefiting from price alignment with commodity costs.
- **Cost Control**: Operating expenses decreased $2.5M, with reductions in marketing, warehouse, and recruitment costs.
- **Net Income**: $18.7M ($1.59 EPS) vs. $11.7M ($1 EPS) last year, reflecting operational efficiency gains.
- **Inventory Build**: +20.6% inventory value due to higher nut costs and holiday season prep, despite soft back-to-school demand.

**【Q&A Highlights】**
- **Snack Bar Decline**: Driven by consumer shift to cheaper alternatives (e.g., potato chips) and lost distribution, but private label bar category showed resilience.
- **Dividend Funding**: CFO confirmed dividend will be funded from cash flow, with no debt issuance planned.
- **Consumer Behavior Shifts**: Consumers trading up to cheaper nuts (peanuts, walnuts) amid inflation, but overall snack category stabilizing.


John B. Sanfilippo & Son, Inc. (JBSS) Q1 2026 Earnings Call Transcript

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