Welcome to our dedicated page for John B. Sanfilippo & SON news (Ticker: JBSS), a resource for investors and traders seeking the latest updates and insights on John B. Sanfilippo & SON stock.
John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) is a prominent player in the snack food industry, renowned internationally for its Fisher® brand. Established in 1922 and based in Elgin, Illinois, the company has evolved into a major processor, packager, marketer, and distributor of a variety of nut and snack products. The extensive product line includes peanuts, pecans, cashews, walnuts, almonds, and other nuts, along with peanut butter, almond butter, cashew butter, candy, confections, snacks, trail mixes, dried fruit, corn snacks, sesame sticks, and other snack items.
John B. Sanfilippo & Son markets its products under its well-known brand names Fisher®, Orchard Valley Harvest®, Squirrel Brand®, Southern Style Nuts®, and Just the Cheese®, as well as numerous private labels. The company operates five facilities across the United States and employs over 1,300 individuals, driving annual sales that exceed $700 million.
The company’s unique corporate culture blends a family-based atmosphere with the dynamics of a publicly traded entity, fostering an environment where innovation and traditional values coexist. John B. Sanfilippo & Son, Inc. continues to expand its sales and operations to better serve its national customer base.
Recent highlights include the launch of bold creative campaigns and rebranding efforts, particularly for its Orchard Valley Harvest line. The latest initiative, Say No to No Nut November, reflects the brand's commitment to engaging consumers with playful yet impactful marketing while supporting charitable causes. The campaign encourages consumers to enjoy nut products and supports food security initiatives.
John B. Sanfilippo & Son also maintains transparency and accessibility for its stakeholders through various communication platforms. Financial calls and updates are accessible via the company’s official website, ensuring stakeholders are well-informed about the latest developments.
With a century-long legacy and a forward-thinking approach, John B. Sanfilippo & Son, Inc. continues to thrive as a leader in the snack food industry, dedicated to delivering high-quality products that cater to diverse consumer needs.
John B. Sanfilippo & Son (NASDAQ: JBSS) reported its fiscal 2024 Q4 and full-year results. Q4 highlights include:
- Sales volume up 23.5% to 91.6M pounds
- Net sales increased 15.1% to $269.6M
- Gross profit down 8.6% to $50.0M
- Diluted EPS decreased 31.7% to $0.86
Full-year highlights:
- Sales volume up 12.3% to 346.6M pounds
- Net sales increased 6.7% to $1.07B
- Gross profit up 1.2% to $214.1M
- Diluted EPS down 4.6% to $5.15
The company's results were significantly impacted by the Lakeville Acquisition, which contributed $120M in net sales for the fiscal year.
John B. Sanfilippo & Son (NASDAQ: JBSS), a leading processor and distributor of snack and recipe nut products, has announced its upcoming conference call to discuss fourth quarter and full-year 2024 operating results. The call is scheduled for Wednesday, August 21, 2024, at 10:00 a.m. Eastern Time. Financial results are expected to be released after market close on Tuesday, August 20, 2024.
Interested parties can register for the call through a provided link. The call will also be webcast and accessible via the company's website. JBSS, based in Elgin, Illinois, processes, packages, markets, and distributes nut and dried-fruit products, snack bars, and dried cheese under various brand names including Fisher®, Orchard Valley Harvest®, Squirrel Brand®, Southern Style Nuts®, and Just the Cheese®, as well as private labels.
John B. Sanfilippo & Son (NASDAQ: JBSS) has announced a special cash dividend of $1.25 per share and a regular annual dividend of $0.85 per share on all issued and outstanding shares of Common Stock and Class A Common Stock. The total payout of approximately $24.6 million will be distributed to stockholders on September 11, 2024, with a record date of August 20, 2024. This marks the seventh consecutive year of increasing the Annual Dividend, with a $0.05 increase over last year. CEO Jeffrey T. Sanfilippo attributed this decision to the company's strong financial performance in the first three quarters of fiscal 2024, emphasizing their commitment to creating long-term stockholder value.
John B. Sanfilippo & Son (NASDAQ: JBSS) announced its participation in the 14th Annual East Coast IDEAS Investor Conference. The event will take place on June 12, 2024, at Jay Conference – Bryant Park in New York, NY. CEO Jeffrey T. Sanfilippo and CFO Frank S. Pellegrino will present at 10:45 a.m. ET. The presentation will be webcast and accessible through the conference host’s website.
John B. Sanfilippo & Son, Inc. reported a 14.0% increase in net sales to $271.9 million for the fiscal 2024 third quarter, driven by the Lakeville Acquisition. Sales volume went up by 22.6%, gross profit decreased by 1.2%, and Diluted EPS decreased by 14.8%. The CEO highlighted the positive impact of the Lakeville Acquisition on sales volume and net sales. Excluding the acquisition, sales volume decreased by 1.4%. The company saw strong results in the consumer distribution channel and a reversal of declining sales volume in the private brand business. However, branded business sales volume decreased. Gross profit margin decreased to 18.1% due to higher net sales from the acquisition. Operating expenses increased, with a significant portion attributed to the Lakeville Acquisition. Total inventories increased mainly due to the acquisition. For the nine-month period, net sales increased by 4.1% to $797.2 million, with a slight increase in gross profit margin, an increase in total operating expenses, and a 3.9% increase in Diluted EPS.
John B. Sanfilippo & Son, Inc. (JBSS) declared a $1.00 per share Special Dividend, returning $11.7 million to stockholders. The dividend will be paid on June 20, 2024, to stockholders of record as of May 31, 2024. The Board emphasized creating long-term stockholder value through responsible cash use.
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