secwatch.observer — SEC 8-K summary
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Issuer:     SANFILIPPO JOHN B & SON INC (JBSS)
CIK:        0000880117
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0001193125-22-019790
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JBSS Q2 earnings: net income down 33.4% to $13.2M despite 8.4% sales growth
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- Net income $13.2M ($1.14 diluted EPS) vs $19.9M ($1.72) year ago - down 33.4%.
- Net sales $253.2M, up 8.4% on 6.0% volume growth and 2.3% price/mix gains.
- Gross profit margin fell to 20.6% from 22.6% on supply chain inefficiencies and inflation.
- Operating expenses rose $9.0M to 13.4% of sales, including $3M in advertising and $1.9M freight.
- CEO says pricing actions to offset inflation expected by early Q3; additional may be needed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880117/000119312522019790/0001193125-22-019790-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880117/000119312522019790/d299937d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-019790

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