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

MarineMax, Inc. (NYSE: HZO) has appointed Mercedes Romero to its Board of Directors, effective October 1, 2022. Romero, currently the Global Chief Procurement Officer at Primo Water (Nasdaq: PRMW), brings over 25 years of experience across multiple industries, including Consumer Goods and Spirits. She has a proven track record in operational efficiencies and strategic planning, which is expected to enhance MarineMax’s growth strategy. Romero's international experience will provide new perspectives to the board during a pivotal growth phase for the company.

John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) reported strong financial results for Q4 and fiscal year 2022. Net income reached $17.4 million, or $1.50 per share, up 41.1% from $12.3 million in Q4 2021. Net sales surged 24.7% to $257.7 million, driven by a 12.5% increase in average selling prices and a 10.9% rise in sales volume. For the full fiscal year, net income was $61.8 million, translating to $5.33 per share. However, the gross profit margin declined due to higher acquisition costs. The company raised its annual dividend by 7.1% to $0.75 per share and announced a special dividend of $1.50.

John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) will hold a conference call on August 25, 2022, at 10:00 a.m. ET to discuss its fourth quarter and fiscal 2022 year-end results. The results will be released after market hours on August 24, 2022. The call will be accessible via a webcast on the company’s website. JBSS is well-known for processing and distributing nut products under various brands including Fisher®, Orchard Valley Harvest®, and Squirrel Brand®.

John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) declared a special cash dividend of $1.50 per share and an annual cash dividend of $0.75 per share, totaling approximately $26.0 million. The dividends will be paid on August 31, 2022, to stockholders of record by August 12, 2022. CEO Jeffrey T. Sanfilippo cited strong financial performance in fiscal 2022's first three quarters as the rationale behind the special dividend and a $0.05 increase in the annual dividend. This move is aimed at enhancing long-term stockholder value through responsible cash utilization.

John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) announced that management will present at the East Coast IDEAS Investor Conference on June 22, 2022. The presentation will be available at 6:00 am ET and can be accessed via the conference website: www.IDEASconferences.com. Interested investors can register for the webcast or schedule meetings through Three Part Advisors.

The IDEAS Investor Conferences aim to give quality companies a platform to present to influential investment professionals.

John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) reported a 5.1% increase in net sales, reaching $218.6 million for Q3 FY2022. However, net income dropped 19.2% to $11.9 million compared to the previous year. The sales increase was driven by an 8.1% rise in average selling prices, although sales volume fell by 2.8%. Higher commodity and operational costs, particularly for tree nuts and peanuts, negatively impacted profits, resulting in a 14.4% decrease in gross profit margin. Despite challenges, the company anticipates future earnings growth from strategic investments.

John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) will hold its quarterly conference call on April 28, 2022, at 11:00 a.m. ET to discuss third quarter fiscal 2022 results, releasing results after market close on April 27, 2022. The call can be accessed via dial-in numbers (U.S.: 1-866-374-5140, International: 1-404-400-0571) using passcode 99610441#. The company is a key player in processing and distributing snack and recipe nut products, marketed under multiple brands including Fisher® and Squirrel Brand®.

John B. Sanfilippo & Son, Inc. (Nasdaq: JBSS) announced the retention of Three Part Advisors, LLC to enhance its investor communications and outreach initiatives. The firm specializes in investor relations consulting and has a successful history of assisting public companies in improving trading liquidity and visibility. CFO Frank Pellegrino emphasized the importance of effective communication with the investment community, while Three Part Advisors aims to broaden JBSS's investor base and highlight its strong financial performance and shareholder returns.