---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-056864"
form_type: "8-K"
ticker: "JBSS"
cik: "0000880117"
company_name: "SANFILIPPO JOHN B & SON INC"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T05:19:48.040567+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-056864
- form_type: 8-K
- ticker: JBSS
- cik: 0000880117
- company_name: SANFILIPPO JOHN B & SON INC
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/880117/000095017023056864/0000950170-23-056864-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/880117/000095017023056864/jbss-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-056864
- JSON: https://secwatch.observer/filing/0000950170-23-056864.json
- Plain text: https://secwatch.observer/filing/0000950170-23-056864.txt

## Key facts
- Earnings Releases
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/880117/000095017023056864/0000950170-23-056864-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.