John B Sanfilippo Q3 sales rise on pricing strength

John B Sanfilippo & Son

29/04/2026 21:23

Overview

U.S. nut processor's fiscal Q3 net sales rose 8% yr/yr to record high

Diluted EPS for fiscal Q3 fell 17% yr/yr

Gross profit and margin declined due to lower inventory valuation adjustments

Outlook

Company says consumer sentiment shows early signs of stabilizing

Company notes rising global tensions and supply chain dynamics are contributing to ongoing uncertainty

Company says it is maintaining a nimble mindset amid market uncertainty

Result Drivers

HIGHER SELLING PRICES - Net sales growth was driven by an 8.3% increase in weighted average selling price per pound, reflecting pricing actions in response to higher commodity costs and a shift in product mix toward higher-priced items

CHANNEL MIX - Commercial ingredients and contract manufacturing channels saw double-digit sales volume growth, offsetting declines in the consumer channel

LOWER INVENTORY VALUATION ADJUSTMENTS - Gross profit and margin declined mainly due to significantly lower inventory valuation adjustments compared to the prior year

Company press release: ID:nBw58V7S3a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$281.8 mln
$260.83 mln (1 Analyst)
Q3 EPS
$1.43
Q3 Gross Margin
19.10%


Analyst Coverage

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)