Overview
John B. Sanfilippo fiscal Q4 diluted EPS rises 33.7% to $1.15
Net sales for fiscal Q4 decreased 0.2% to $269.1 mln
Co announces 5.9% increase in annual dividend
Outlook
Company remains focused on disciplined cost management and operational efficiencies
Company committed to long-term sustainable growth and enhancing margins
Result Drivers
SALES VOLUME DECLINE - Sales volume decreased by 5.9% to 86.2 mln pounds, primarily due to a 16.7% reduction in bars volume following a previous year's national brand recall, and strategic decisions to reduce sales to certain retailers
PRICE INCREASE OFFSET - Despite a 5.9% decrease in sales volume, net sales only slightly declined by 0.2% to $269.1 mln, offset by a 30.4% increase in the cost per pound of raw nut and dried fruit input stock
GROSS PROFIT DECREASE - Gross profit fell 2.4% to $48.8 mln, driven by higher commodity acquisition costs for peanuts and most major tree nuts, which was partially offset by increased selling prices per pound
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
$269.08 mln
Q4 EPS
$1.15
Q4 Gross Margin
18.1%
Q4 EBIT
$20.14 mln
Q4 Gross Profit
$48.78 mln
Q4 Pretax Profit
$18.12 mln
Press Release: ID:nBw3s1wkma
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)