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. reports operating developments for a packaged-food business that processes, packages, markets and distributes nuts, dried-fruit products, snack bars and dried cheese snacks. Its updates cover branded products such as Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts and Just the Cheese, along with private-brand sales.
Recurring news for JBSS centers on quarterly results, commodity acquisition costs for tree nuts and peanuts, selling-price changes, sales volume by product type, gross margin trends and activity in commercial ingredients and contract manufacturing channels. Company announcements also include conference-call notices and cash dividends on Common Stock and Class A Common Stock.
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.
John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) will hold its quarterly conference call on November 2, 2022, at 10:00 a.m. ET to discuss its first quarter fiscal 2023 results, which are set to be released on November 1, 2022, after market close. The company, a significant player in processing and distributing nut and dried fruit products under brands like Fisher®, Orchard Valley Harvest®, and Squirrel Brand®, invites participants to register for the call online and provides a link to access the webcast for interested stakeholders.
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.