secwatch.observer — SEC 8-K summary
======================================

Issuer:     SANFILIPPO JOHN B & SON INC (JBSS)
CIK:        0000880117
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000950170-24-119038
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sanfilippo Q1 EPS down 33.8% to $1.00; sales up 18.0% on acquisition
--------------------------------------------------------------------

- Diluted EPS $1.00 vs prior year, down 33.8%; gross profit fell 18.4% to $46.5M.
- Net sales $276.2M (+18.0%), including $40.5M from Lakeville snack bar acquisition; ex-acquisition net sales +0.7%.
- Sales volume +24.5% to 91.2M lbs; consumer channel +30.8% (+3.4% ex-Lakeville) on new peanut butter and nutrition bar distribution.
- Profitability hit by one-time price concession to snack bar customer, higher commodity costs; capacity constraints at Lakeville resolved.
- Operating expenses down $2.9M; total inventories +11.3%, driven by Lakeville inventory.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880117/000095017024119038/0000950170-24-119038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880117/000095017024119038/jbss-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-119038

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