secwatch.observer — SEC 8-K summary
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Issuer:     SANFILIPPO JOHN B & SON INC (JBSS)
CIK:        0000880117
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001193125-22-123567
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JBSS Q3 net income down 19% to $11.9M; sales up 5% on pricing, volume down
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- Net sales $218.6M (+5.1%) driven by 8.1% price increase; sales volume -2.8%.
- Net income $11.9M (-19.2%), diluted EPS $1.02 vs $1.27; gross profit margin 18.0% vs 22.1%.
- Consumer channel volume -5.8% due to peanut butter line upgrade and inshell peanut discontinuation; commercial ingredients +11.2%.
- CEO cites elevated commodity costs, freight, labor inflation; pricing actions fully implemented in Q3, expects full impact in Q4.
- Year-to-date: net sales $698.1M (+7.1%), net income $44.4M ($3.83 EPS) vs $47.4M ($4.10 EPS).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880117/000119312522123567/0001193125-22-123567-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880117/000119312522123567/d319241d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-123567

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