Brief: John B. Sanfilippo & Son, Inc. Reports Qtrly Results

John B Sanfilippo & Son

29/04/2020 22:22

April 29 (Reuters) - John B Sanfilippo & Son Inc  JBSS.O :
    * JOHN B. SANFILIPPO & SON, INC. THIRD QUARTER DILUTED EPS
INCREASED BY 30% TO A THIRD QUARTER RECORD $1.17 PER SHARE
    * Q3 EARNINGS PER SHARE $1.17
    * Q3 SALES $211.6 MILLION VERSUS $201.8 MILLION
    * JOHN B. SANFILIPPO & SON, INC. Q3 DILUTED EPS INCREASED BY
30%
TO A Q3 RECORD $1.17 PER SHARE
    * IN MARCH 2020, SALES VOLUME INCREASED 23.6% COMPARED TO
MARCH
2019
    * ESTIMATE THAT APPROXIMATELY ONE-THIRD OF SALES VOLUME
INCREASE
FOR CURRENT Q3 WAS ATTRIBUTABLE TO PANTRY LOADING
    * TEMPORARILY INCREASED MANUFACTURING EMPLOYEE COMPENSATION
BY 10%
BASED ON HOURS WORKED,
    * EXPECT OUR FOOD SERVICE SALES TO DECLINE SIGNIFICANTLY
UNTIL
TRAVEL RESTRICTIONS AND RESTAURANT CLOSINGS ARE LIFTED

Source text for Eikon:  ID:nBwbXw7kxa 
Further company coverage:  JBSS.O 

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