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Sanfilippo (John B.) & Son, Inc - JBSS STOCK NEWS

Welcome to our dedicated news page for Sanfilippo (John B.) & Son (Ticker: JBSS), a resource for investors and traders seeking the latest updates and insights on Sanfilippo (John B.) & Son.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sanfilippo (John B.) & Son's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sanfilippo (John B.) & Son's position in the market.

Rhea-AI Summary
John B. Sanfilippo & Son, Inc (JBSS) issues a voluntary recall of 8.25 oz Great Value Honey Roasted Cashews due to undeclared coconut and milk, posing a risk to those with allergies. The affected product was distributed in select Walmart stores across multiple states. No adverse reactions reported so far.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
none
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Rhea-AI Summary
John B. Sanfilippo & Son, Inc. (JBSS) reported a 13.1% increase in diluted EPS to $1.64 per share and an 11.8% increase in sales volume, driven by the Lakeville Acquisition. However, net sales excluding the acquisition decreased by 4.3%. The gross profit margin decreased to 19.9% of net sales from 20.6% due to the Lakeville Acquisition. Operating expenses decreased by $1.7 million, but the value of total inventories on hand increased by $24.3 million. For the six-month period, net sales decreased by 0.3% to $525.3 million, and diluted EPS increased by 12.9% to $3.15 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.01%
Tags
earnings
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Rhea-AI Summary
John B. Sanfilippo & Son, Inc. (JBSS) will hold a quarterly conference call to discuss its second quarter fiscal year 2024 operating results. The call is scheduled for February 1, 2024, at 10:00 a.m. Eastern Time. The second quarter fiscal 2024 results are expected to be released after the market closes on January 31, 2024. The company is a major processor and distributor of nut and dried fruit-based products, snack bars, and dried cheese, sold under various brand names.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.93%
Tags
earnings
Rhea-AI Summary
Nut brand Orchard Valley Harvest is launching a new creative campaign to counter the viral phenomenon of 'No Nut November'. Consumers can pledge to 'nut loud and proud this November' and get reimbursed for their nut purchases. The brand will reimburse up to $20,000 in consumer nut purchases. The campaign aims to spark conversation and raise money to fight food insecurity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.37%
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none
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Rhea-AI Summary
John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) reported a 12.7% increase in diluted EPS to $1.51 per share for its fiscal 2024 first quarter. Net sales decreased 7.3% to $234.1 million, while sales volume also decreased 7.3% to 73.2 million pounds. Gross profit increased 12.6% to $57.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.37%
Tags
earnings
-
Rhea-AI Summary
John B. Sanfilippo & Son, Inc. to hold quarterly conference call to discuss Q1 fiscal year 2024 operating results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
Tags
earnings
Rhea-AI Summary
TreeHouse Foods completes sale of Lakeville manufacturing facility and snack bars business to John B. Sanfilippo & Son for $61 million in cash.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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none
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Rhea-AI Summary
John B. Sanfilippo & Son, Inc. completes acquisition of assets from TreeHouse Foods, Inc. for $61.3 million in cash, including $37.3 million of inventory. The acquisition accelerates product diversification strategy and allows for a complete offering of snack bars. Borrowings under credit facility funded the purchase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
acquisition
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Rhea-AI Summary
John B. Sanfilippo & Son, Inc. is set to acquire certain assets from Treehouse Foods, Inc. for $63.0 million in cash. The acquisition will expand the company's capabilities and product offerings in the snack bar category. It is expected to add approximately $105 to $120 million in incremental net sales during the remainder of the 2024 fiscal year. However, the acquisition is anticipated to be dilutive to earnings per share for the next twelve to fifteen months after closing, with an expected dilution range of $0.80 to $1.00 per diluted share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.41%
Tags
acquisition
Rhea-AI Summary
John B. Sanfilippo & Son, Inc. is set to acquire certain assets from Treehouse Foods, Inc. for $63.0 million in cash. The acquisition will expand the company's capabilities and product offerings in the snack bar category. It is expected to add approximately $105 to $120 million in incremental net sales during the remainder of the 2024 fiscal year. However, the acquisition is anticipated to be dilutive to earnings per share for the next twelve to fifteen months after closing, with an expected dilution range of $0.80 to $1.00 per diluted share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.23%
Tags
acquisition
Sanfilippo (John B.) & Son, Inc

Nasdaq:JBSS

JBSS Rankings

JBSS Stock Data

1.23B
8.87M
1.5%
92.37%
1.88%
Roasted Nuts and Peanut Butter Manufacturing
Manufacturing
Link
US
Elgin

About JBSS

john b. sanfilippo & son, inc. is a growing leader in the snack food industry known internationally for the fisher® brand name. we are a processor, packager, and marketer of a wide variety of nut and snack products. we are a publicly traded organization (jbss) that employs over 1,300 individuals in five facilities across the country. our annual sales have exceeded $700 million. sanfilippo offers a unique corporate culture that is an exciting combination of a family-based atmosphere going back to 1922, a publicly traded corporate structure, and a growing organization that is expanding it’s sales and operations expertises to better serve our national customers and consumers.