John B. Sanfilippo & Son Stock Price, News & Analysis

John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS), a leading processor and distributor of snack and recipe nut products, has announced its quarterly conference call to discuss third quarter fiscal 2023 results. This call is scheduled for May 3, 2023, at 10:00 a.m. Eastern Time, following the release of results on May 2, 2023, after market close. Investors can register for the call through the provided link and access the webcast on the company’s website. JBSS markets a variety of nut and dried fruit-based products under brands such as Fisher®, Orchard Valley Harvest®, Squirrel Brand®, and Just the Cheese®.

John B. Sanfilippo & Son reported a strong fiscal 2023 second quarter, with net sales increasing 8.3% to $274.3 million and diluted EPS rising 27.2% to $1.45 per share. Despite a 3.8% decline in sales volume, the company saw higher profits driven by successful pricing strategies and cost control measures. Gross profit grew 8.2% to $56.5 million. Notably, a $1.00 per share special dividend was declared, and the acquisition of the Just the Cheese brand aims to diversify product offerings. The CEO expressed optimism for future results amid stabilizing supply chains and a focus on long-term shareholder value.

John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) announces its quarterly conference call scheduled for February 2, 2023, at 10:00 a.m. ET to discuss second-quarter fiscal year 2023 operating results. The results will be released after market close on February 1, 2023. The conference call can be accessed by registering through a provided link, and attendees will receive a unique PIN for dial-in. The company, based in Elgin, Illinois, specializes in processing, packaging, and distributing nut and dried fruit products, offering various private brands alongside its own, including Fisher® and Orchard Valley Harvest®.

John B. Sanfilippo & Son (NASDAQ: JBSS) has acquired substantially all assets of the Just the Cheese brand from Specialty Cheese Company, Inc. This strategic move, funded through existing bank credit, aims to expand JBSS's presence in the $100 million baked cheese snack category. Just the Cheese is known for its 100% real cheese snack bars and crisps available in various flavors. Although the acquisition is not expected to significantly impact financial results initially, it presents opportunities for innovation and portfolio diversification.

John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) declared a special cash dividend of $1.00 per share on all shares of Common and Class A Common Stock. This Special Dividend totals approximately $11.7 million and will be paid on December 21, 2022 to stockholders of record as of December 2, 2022. Chairman and CEO Jeffrey T. Sanfilippo stated that the decision reflects the company’s strong financial performance and commitment to long-term stockholder value.

John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) reported a strong start to fiscal 2023 with first-quarter net sales rising by 11.6% to $252.6 million, despite a 2.2% decline in gross profit to $50.6 million and a 19.4% decrease in diluted EPS to $1.34. Sales volume grew by 1.8% to 79 million pounds. Key growth was noted in the consumer channel and foodservice, although challenges remain due to inflationary pressures. The company continues to focus on efficiencies and strategic investments to drive long-term shareholder value.