JBSS Q3 EPS down 14.8% to $1.15; sales up 14% to $271.9M on Lakeville acquisition

SANFILIPPO JOHN B & SON INC

2024-Q3 EPS reported $4.30 revenue$797,211,000

Net sales rose 14% YoY to $271.9M; sales volume increased 22.6% to 92M lbs, driven by Lakeville snack bar acquisition.
Diluted EPS fell 14.8% to $1.15; gross profit margin declined to 18.1% from 20.9%.
Lakeville contributed ~$46.9M in net sales; expected to become accretive in Q4 (ahead of schedule).
Fiscal 2024 dilution from Lakeville narrowed to $0.25–$0.50 per share from prior $0.80–$1.00 estimate.
Excluding Lakeville, sales volume fell 1.4% and net sales dropped 5.7%; core nut categories remain pressured.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SANFILIPPO JOHN B & SON INC reported Fiscal 2024 third quarter ended March 28, 2024 results: revenue Net sales increased $33.3 million, or 14.0%, to $271.9 million, EPS Diluted EPS decreased 14.8% to $1.15 per share.

Period: Fiscal 2024 third quarter ended March 28, 2024
Revenue: Net sales increased $33.3 million, or 14.0%, to $271.9 million
EPS: Diluted EPS decreased 14.8% to $1.15 per share
Result: reported results

Exact text from the filing

Net sales increased $33.3 million, or 14.0%, to $271.9 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Period: Fiscal 2024 third quarter ended March 28, 2024
Revenue: Net sales increased $33.3 million, or 14.0%, to $271.9 million
EPS: Diluted EPS decreased 14.8% to $1.15 per share
Result: reported results

Exact text from the filing

--- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 John B. Sanfilippo & Son, Inc. Reports Fiscal 2024 Third Quarter Results Sales Volume Increased 22.6% and Net Sales Increased 14.0% to $271.9M Driven by Snack Bar Sales from the Lakeville Acquisition* Elgin, IL, May 1, 2024 -- John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the “Company”) today announced

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accession 0000950170-24-051286

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