secwatch.observer — SEC 8-K summary
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Issuer:     SANFILIPPO JOHN B & SON INC (JBSS)
CIK:        0000880117
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000950170-24-009398
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JBSS Q2: Diluted EPS $1.64, up 13.1%; net sales $291.2M, up 6.2% on Lakeville
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- Diluted EPS of $1.64, up 13.1% YoY; includes dilution from Lakeville acquisition.
- Net sales $291.2M, up 6.2% YoY; Lakeville contributed ~$28.7M in sales and 11.6M lbs volume.
- Excluding Lakeville, sales volume declined 2.6%; core business still soft with cautious consumers.
- Gross profit margin 19.9%, down from 20.6% due to ~$2.9M negative impact from Lakeville (incl. $1.2M one-time).
- Operating expenses down $1.7M, helped by $2.2M bargain purchase gain from Lakeville.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880117/000095017024009398/0000950170-24-009398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880117/000095017024009398/jbss-20240131.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-009398

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer