Financial Performance - Net sales for Q2 fiscal 2025 increased by $9.8 million, or 3.4%, to $301.1 million, driven by a 7.1% increase in sales volume [3] - Sales volume increased by 6.4 million pounds, or 7.1%, totaling 96.3 million pounds, with bars sales volume up approximately 28% year-over-year [4] - Gross profit decreased by $5.7 million to $52.3 million, resulting in a gross profit margin decline to 17.4% from 19.9% in the prior year [8] - Diluted EPS decreased by 29.3% to $1.16 per share [4] - Total operating expenses increased by $2.5 million, with operating expenses as a percentage of net sales rising to 10.9% from 10.4% [9] Inventory and Costs - The value of total inventories increased by $8.5 million, or 4.3%, primarily due to higher commodity acquisition costs [10] - The weighted average cost per pound of raw nut and dried fruit input stock increased by 33.7% year-over-year [10] - Inventories increased to $205.842 million in December 2024, compared to $196.563 million in June 2024, representing a rise of 4.1% [22] Operational Changes - The company plans to consolidate distribution operations into a new location in Huntley, Illinois, and add manufacturing equipment to increase production capabilities [13] - The company remains focused on enhancing profitability through operational efficiencies and optimized pricing strategies [2] Sales Growth - The company reported a 14.9% increase in sales volume for the first six months of fiscal 2025, attributed mainly to the impact of the Lakeville Acquisition [16] Assets and Liabilities - Total assets increased to $545.253 billion in December 2024, up from $515.575 billion in June 2024, representing a growth of 5.3% [22] - Cash decreased significantly to $336 million in December 2024 from $1.975 billion in December 2023, indicating a decline of 83.0% [22] - Accounts receivable increased to $81.2 million in December 2024, compared to $77.416 million in December 2023, reflecting a growth of 4.6% [22] - Current liabilities rose to $150.062 million in December 2024, up from $125.940 million in June 2024, marking an increase of 19.2% [22] - Long-term debt, less current maturities, decreased slightly to $5.969 million in December 2024 from $6.365 million in June 2024, a reduction of 6.2% [22] - Stockholders' equity increased to $325.631 million in December 2024, up from $322.613 million in June 2024, showing a growth of 0.6% [22] - Accrued expenses decreased to $32.937 million in December 2024 from $50.802 million in June 2024, a decline of 35.2% [22] - The company reported a total of $64.426 million in other long-term assets in December 2024, up from $56.396 million in June 2024, indicating a growth of 14.4% [22] - The company maintained its Class A Common Stock at 26 million shares, unchanged from previous periods [22]

Core Viewpoint - John B. Sanfilippo & Son, Inc. is set to discuss its second quarter fiscal year 2025 operating results in a conference call scheduled for January 30, 2025, following the release of results on January 29, 2025 [1]. Company Overview - John B. Sanfilippo & Son, Inc. is based in Elgin, Illinois, and operates as a processor, packager, marketer, and distributor of nut and dried-fruit products, snack bars, and dried cheese [3]. - The company markets its products under several brand names, including Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts, and Just the Cheese, as well as various private brands [3].

Core Insights - Daniel Mellado is an economist with a Master's Degree in Statistics, specializing in agricultural commodities and financial investment portfolios [1] - He has experience managing trading and data analysis teams, focusing on investments in bonds, equities, and ETFs [1] - Mellado will provide analysis and valuation for companies in commodities, banking, technology, and pharmaceuticals sectors [1] - The investment recommendations will be based on financial statements, regulations, and macroeconomic variables [1]

Elgin, IL, Oct. 23, 2024 (GLOBE NEWSWIRE) -- John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS), a major processor and distributor of snack and recipe nut products and snack bar manufacturer, will hold its quarterly conference call to discuss its first quarter fiscal year 2025 operating results on Thursday, October 31, 2024 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). First quarter fiscal 2025 results are expected to be released after the market closes on Wednesday, October 30, 2024. To register for the ...

I first wrote about John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS ) on June 14 of this year. In that initial thesis, I argued that "Managers are properly incentivized to pursue shareholder interests, and they have done so, increasing the firm's economic profitability, generating An economics graduate with a passion for financial history; I apply my knowledge to markets in an effort to hopelessly predict trends and spot value. All opinions are my own and should not be taken seriously. Analyst's Disclosure: I/ ...

Elgin, IL, Aug. 13, 2024 (GLOBE NEWSWIRE) -- John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS), a major processor and distributor of snack and recipe nut products, will hold its quarterly conference call to discuss its fourth quarter and full-year 2024 operating results on Wednesday, August 21, 2024 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). Fourth quarter and full-year 2024 results are expected to be released after the market closes on Tuesday, August 20, 2024. To register for the call, please click ...

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 28, 2024 Commission File Number: 0-19681 JOHN B. SANFILIPPO & SON, INC. (Exact Name of Registrant as Specified in its Charter) ( State or other jurisdiction of incorporation or organ ...

Exhibit 99.1 John B. Sanfilippo & Son, Inc. Reports Fiscal 2024 Third Quarter Results Sales Volume Increased 22.6% and Net Sales Increased 14.0% to $271.9M Driven by Snack Bar Sales from the Lakeville Acquisition* Elgin, IL, May 1, 2024 -- John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the "Company") today announced financial results for its fiscal 2024 third quarter ended March 28, 2024. Third Quarter Summary* CEO Commentary Consumer Distribution Channel + 33.1% (+0.3% excluding the impact of the Lakeville ...

Elgin, IL, April 24, 2024 (GLOBE NEWSWIRE) -- John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS), a major processor and distributor of snack and recipe nut products, will hold its quarterly conference call to discuss its third quarter fiscal year 2024 operating results on Thursday, May 2, 2024 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). Third quarter fiscal 2024 results are expected to be released after the market closes on Wednesday, May 1, 2024. To register for the call, please click on the Participan ...

Elgin, IL, April 24, 2024 (GLOBE NEWSWIRE) -- John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS), a major processor and distributor of snack and recipe nut products, will hold its quarterly conference call to discuss its third quarter fiscal year 2024 operating results on Thursday, May 2, 2024 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). Third quarter fiscal 2024 results are expected to be released after the market closes on Wednesday, May 1, 2024. To register for the call, please click on the Participant ...