John B Sanfilippo Q4 net gross profit falls on recall-related costs
John B Sanfilippo Q4 net gross profit falls on recall-related costs
Overview
U.S. nut processor's fiscal Q4 net sales rose 4.2% yr/yr, sales volume up 1.4%
Diluted EPS for fiscal Q4 fell 38.3% yr/yr amid higher costs and recall-related charges
Company saw a return to sales volume growth after five consecutive quarters of decline
Outlook
Company says it remains focused on improving operational efficiencies in fiscal 2027
Company expects recent investments and growth strategy to support long-term, sustainable growth
Company remains committed to returning capital to shareholders through dividends
Result Drivers
HIGHER SELLING PRICES - Co said net sales growth was driven by a 2.8% increase in weighted average selling price per pound, reflecting pricing actions in response to higher commodity acquisition costs
PRIVATE BRAND AND CONTRACT MANUFACTURING GAINS - Sales volume growth was mainly driven by higher private brand sales and increased snack nut sales to a new contract manufacturing customer
RECALL AND COST PRESSURES - Q4 profitability was negatively impacted by recall-related costs, higher input and freight expenses, manufacturing inefficiencies, and increased customer claims
Company press release: ID:nBw9P7PgPa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Beat | $280.43 mln | $274.87 mln (2 Analysts) |
Q4 EPS |
| $0.71 |
|
Q4 Gross Margin |
| 15.70% |
|
Q4 EBIT |
| $12.42 mln |
|
Q4 Gross Profit |
| $44.15 mln |
|
Q4 Pretax Profit |
| $11.10 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy"
Wall Street's median 12-month price target for John B. Sanfilippo & Son, Inc. is $102.00, about 22.2% above its August 18 closing price of $83.47
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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.)
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