The earnings call presented a mixed sentiment, with significant challenges such as decreasing sales volume, tariff impacts, and high commodity costs. However, there are positive aspects including increased gross profit, earnings per share, and strategic investments in domestic production capabilities.
Company Guidance
In the third quarter of fiscal year 2025, John B. Sanfilippo & Son, Inc. reported a 4% decline in net sales to $260.9 million, driven by a 7.9% decrease in sales volume, although this was partially offset by a 4.2% increase in the weighted average sales price per pound. Despite the challenges, the company achieved a 50% increase in diluted earnings per share compared to the previous year, attributable to effective cost control and strategic pricing aligned with rising commodity costs. Gross profit increased by $6.7 million, or 13.7%, to $55.9 million, with a gross profit margin improvement from 18.1% to 21.4%. This was partly due to inventory valuation adjustments related to transitioning from lower to higher-cost crop years for walnuts and pecans, although higher commodity acquisition costs for major tree nuts were a downside. The company plans a $90 million investment in expanding domestic production capabilities through equipment and infrastructure improvements by the end of fiscal 2026, signaling confidence in domestic manufacturing and long-term growth. Net income for the quarter rose to $20.2 million, or $1.72 per diluted share, compared to $13.5 million, or $1.15 per diluted share, in the same period last year, while the total value of inventories increased by $47.1 million, reflecting higher quantities and costs of finished goods and raw materials.
Increase in Gross Profit and Earnings Per Share
Gross profit increased by 13.7% to $55.9 million, and net income for the third quarter of fiscal 2025 was $20.2 million or $1.72 per diluted share, a 50% increase compared to $13.5 million or $1.15 per diluted share for the third quarter of fiscal 2024.
Investment in Domestic Production
The company plans to invest approximately $90 million in equipment to expand domestic production capabilities and improve infrastructure by the end of fiscal 2026, reflecting confidence in domestic manufacturing.
Contract Manufacturing Channel Growth
Sales volume increased by 6% in the Contract Manufacturing Distribution Channel, driven by increased granola volume processed in the Lakeville facility and opportunistic sales.
John B Sanfilippo & Son (JBSS) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
JBSS Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Apr 30, 2025
$66.27
$62.89
-5.10%
Jan 29, 2025
$86.62
$77.41
-10.63%
Oct 30, 2024
$92.16
$82.51
-10.47%
Aug 20, 2024
$99.63
$100.66
+1.03%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does John B. Sanfilippo & Son (JBSS) report earnings?
John B. Sanfilippo & Son (JBSS) is schdueled to report earning on Aug 20, 2025, TBA Not Confirmed.
What is John B. Sanfilippo & Son (JBSS) earnings time?
John B. Sanfilippo & Son (JBSS) earnings time is at Aug 20, 2025, TBA Not Confirmed.
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