JBSS Q1 EPS up 12.7% to $1.51; net sales down 7.3%; acquires snack bars business from TreeHouse Foods

SANFILIPPO JOHN B & SON INC

2024-Q1 EPS reported $1.51 revenue$234,105,000

Diluted EPS increased 12.7% to $1.51 per share; gross profit margin expanded to 24.4% from 20.0%.
Net sales fell 7.3% to $234.1 million; sales volume declined 7.3% to 73.2 million pounds.
Branded sales volume dropped 17.0%, led by a 30.9% decline in Fisher snack nuts due to pricing pressures.
Acquired TreeHouse Foods’ snack bars business in early Q2; $1.5M internal nutrition bar sales in Q1.
Total inventory value down 9.0% YoY due to lower tree nut acquisition costs and early pecan shelling.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SANFILIPPO JOHN B & SON INC reported first quarter ended September 28, 2023 results: revenue $234.1 million, EPS $1.51 per share.

Period: first quarter ended September 28, 2023
Revenue: $234.1 million
EPS: $1.51 per share
Result: reported results

Exact text from the filing

(NASDAQ: JBSS) (the “Company”) today announced financial results for its fiscal 2024 first quarter ended September 28, 2023. First Quarter Summary • Net sales decreased 7.3% to $234.1 million • Sales volume decreased 7.3% to 73.2 million pounds • Gross profit increased 12.6% to $57.0 million • Diluted EPS increased 12.7% to $1.51 per share CEO Commentary “We delivered

View on SEC.gov

Browse all earnings releases →

SANFILIPPO JOHN B & SON INC filing history →

Source: SEC EDGAR

accession 0000950170-23-056864

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.