earnings
confidence high
sentiment negative
materiality 0.72
JBSS Q4 net sales up 4.2% to $280.4M, diluted EPS down 38.3%; FY sales record $1.18B
SANFILIPPO JOHN B & SON INC
- Q4 net sales $280.4M (+4.2% YoY); sales volume +1.4% to 87.4M lbs; diluted EPS $0.71 (-38.3%).
- FY net sales $1.18B (+6.2%, record); diluted EPS $5.26 (+4.6%); volume -2.5%.
- Q4 gross margin fell to 15.7% from 18.1% on $2.7M recall costs, customer claims, higher freight.
- CEO Jeffrey Sanfilippo to step down in October, become Executive Chairman; brother Jasper to succeed.
- Recall of dry-milk powder ingredient pulled Fisher recipe nuts and Southern Style Snacks from market.