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

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

What does John B. Sanfilippo do and what are its main business segments?

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

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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

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

JBSS

JBSS fundamentals

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