<span item_type="fundamental" item_id="7d9e0906f70674271f21510710cea456" counter_id="ST/US/JBSS" env="prod"></span><span item_type="announcement" item_id="642940192545900417" env="prod"></span><p>Revenue: As of FY2026 Q3, the actual value is USD 281.78 M.</p><p>EPS: As of FY2026 Q3, the actual value is USD 1.43.</p><p>EBIT: As of FY2026 Q3, the actual value is USD 24.31 M.</p><p></p><h3>Third Quarter Fiscal 2026 Financial Highlights</h3><h4>Net Sales</h4><p>John B. Sanfilippo &amp; Son, Inc. reported net sales of $281.8 million, an increase of 8.0% or $20.9 million, for the third quarter of fiscal 2026, compared to $260.907 million in the prior year’s comparable quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span> This increase was primarily driven by an 8.3% increase in the weighted average selling price per pound.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span></p><h4>Sales Volume</h4><p>Sales volume declined slightly to 84.4 million pounds.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span> <strong>Consumer Distribution Channel:</strong> Sales volume decreased by 4.5%, mainly due to a 5.3% decline in private brand sales and negative impacts on nuts and trail mix sales from elevated retail prices and reduced promotional activity.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span> <strong>Commercial Ingredients Distribution Channel:</strong> Sales volume increased by 14.3%, driven by higher food service sales volume at existing customers, sales to two new customers, and increased sales of peanut crushing stock.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span> <strong>Contract Manufacturing Distribution Channel:</strong> Sales volume increased by 16.5%, primarily due to increased snack nut sales to a significant new customer, partially offset by decreased granola sales volume.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span></p><h4>Gross Profit</h4><p>Gross profit decreased by 3.8% to $53.8 million, down from $55.893 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span> The gross margin declined to 19.1% from 21.4%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span> This decrease was mainly due to significantly lower inventory valuation adjustments compared to the prior year quarter, partially offset by higher net sales.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span></p><h4>Operating Expenses, Net</h4><p>Total operating expenses increased $2.3 million to $29.986 million, compared to $27.696 million in the prior year, primarily due to higher incentive compensation expenses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span> Total operating expenses as a percentage of net sales remained unchanged at 10.6%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span> Selling expenses were $19.262 million, up from $18.630 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span> Administrative expenses were $10.724 million, up from $9.066 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span></p><h4>Income from Operations</h4><p>Income from operations was $23.785 million, down from $28.197 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span></p><h4>Other Expenses, Net</h4><p>Total other expense, net, was $1.488 million, down from $2.055 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span> Interest expense decreased to $523 thousand from $1,055 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span> Rental and miscellaneous expense, net, was $576 thousand, down from $638 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span> Pension expense (excluding service costs) was $389 thousand, up from $362 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span></p><h4>Income Before Income Taxes</h4><p>Income before income taxes was $22.297 million, down from $26.142 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span></p><h4>Income Tax Expense</h4><p>Income tax expense was $5.449 million, down from $5.989 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span></p><h4>Net Income</h4><p>Net income was $16.848 million, down from $20.153 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span></p><h4>Inventory</h4><p>The value of total inventories on hand at the end of the current third quarter decreased $5.2 million, or 2.0%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span> This decrease was primarily due to lower commodity acquisition costs for walnuts and peanuts, as well as lower on-hand quantities of pecans, walnuts, and almonds.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span> The weighted average cost per pound of raw nut and dried fruit input stock on hand increased 10.5% year over year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span></p><h3>Nine Month Fiscal 2026 Financial Highlights</h3><h4>Net Sales</h4><p>Net sales increased 6.8% to $895.2 million, primarily attributable to an 11.0% increase in weighted average selling price per pound, partially offset by a 3.7% decrease in sales volume.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span></p><h4>Sales Volume</h4><p>Sales volume decreased 3.7%, primarily due to lower sales volume in the consumer channel, partially offset by an increase in the commercial ingredients channel.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span></p><h4>Gross Profit Margin</h4><p>Gross profit margin increased from 18.5% to 18.7% of net sales, mainly attributable to aligning pricing more closely with commodity acquisition costs and the absence of a one-time pricing concession recognized in the prior period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span></p><h4>Operating Expenses</h4><p>Operating expenses remained essentially flat at $90.3 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span></p><h3>Outlook / Guidance</h3><p>John B. Sanfilippo &amp; Son, Inc. noted early signs of stabilizing consumer sentiment, despite ongoing uncertainty from rising global tensions impacting energy prices and supply chain dynamics.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span> The company plans to maintain a nimble mindset and remains focused on executing its strategy to drive sustainable long-term value.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/880117/000119312526191599/jbss-ex99_1.htm"></span></p>

John B. Sanfilippo & Son | 8-K: FY2026 Q3 Revenue: USD 281.78 M