secwatch.observer — SEC 8-K summary
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Issuer:     SANFILIPPO JOHN B & SON INC (JBSS)
CIK:        0000880117
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000950170-24-051286
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880117/000095017024051286/0000950170-24-051286-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880117/000095017024051286/jbss-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-051286

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