John B. Sanfilippo & Son Q2 Earnings Call Highlights

Bar sales declined as the prior year’s volume benefited from low industry-wide inventory levels and a national brand recall that temporarily increased private label demand. A strategic reduction in sales to one grocery retailer also contributed to the bar volume decline, management said.In the consumer distribution channel, sales volume fell 8.4%, primarily due to a 7.9% drop in private brand sales. The company cited lower private label bar volumes and, to a lesser extent, declines in nuts and trail mix. Nu ...