John B. Sanfilippo & Son (JBSS)
NASDAQ:JBSS
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John B Sanfilippo & Son
(NASDAQ:JBSS)
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Rating:71Outperform
Price Target:
$86.00
▲(5.37% Upside)
Action:ReiteratedDate:03/31/26
JBSS scores well on financial strength and shareholder-friendly valuation (low leverage, improved profitability, low P/E and a solid yield). The score is held back by inconsistent free cash flow and mixed near-term fundamentals from the latest call, particularly volume declines and cost/inventory pressures, alongside only neutral technical momentum.
Positive Factors
Conservative Balance Sheet
Low leverage and strong equity backing reduce financial risk and give management flexibility to fund capex, dividends, or absorb commodity shocks. Over months, this supports continued investment in capacity and shareholder returns without forcing distressed financing or deep cost cuts.
Negative Factors
Sustained Volume Declines
Large, multi-channel declines and lost distribution indicate structural demand softness and execution risk. Persisting volume weakness can erode scale benefits, pressure per-unit margins, and delay payback on capacity investments over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and strong equity backing reduce financial risk and give management flexibility to fund capex, dividends, or absorb commodity shocks. Over months, this supports continued investment in capacity and shareholder returns without forcing distressed financing or deep cost cuts.
Read all positive factors
John B Sanfilippo & Son (JBSS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$942.31M
Dividend Yield3.48%
Average Volume (3M)67.18K
Price to Earnings (P/E)11.7
Beta (1Y)0.34
Revenue Growth1.88%
EPS Growth21.05%
CountryUS
Employees1,800
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)1.53
Shares Outstanding9,089,384
10 Day Avg. Volume84,292
30 Day Avg. Volume67,179
Financial Highlights & Ratios
PEG Ratio-4.97
Price to Book (P/B)2.03
Price to Sales (P/S)0.66
P/FCF Ratio-36.40
Enterprise Value/Market Cap1.08
Enterprise Value/Revenue0.89
Enterprise Value/Gross Profit4.68
Enterprise Value/Ebitda8.27
Forecast
1Y Price Target
$109.00Price Target Upside33.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)5.94
Revenue Forecast (FY)$1.14B
John B Sanfilippo & Son Business Overview & Revenue Model
Company Description
John B. Sanfilippo & Son, Inc., through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English...
How the Company Makes Money
JBSS makes money primarily by selling nut and nut-related products through multiple channels. (1) Branded retail packaged products: The company generates revenue by marketing and distributing its branded consumer products (e.g., packaged nuts, tra...
John B Sanfilippo & Son Key Performance Indicators (KPIs)
John B Sanfilippo & Son Earnings Call Summary
Earnings Call Date:Jan 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Neutral
The call presents a mix of encouraging financial and operational developments alongside clear demand and volume challenges. Financial highlights include top-line growth, improved gross profit and margins, a significant increase in diluted EPS (~32% in Q2) and a stronger year-to-date net income (~45% increase), supported by disciplined cost management, margin initiatives and reduced interest expense. Management is investing heavily in bar capacity (85% of equipment on site/in transit, production starting July 2026), returned capital via a $1.00 per share special dividend, and reported recent new and expanded commercial wins. Offsetting these positives are substantial declines in sales volume across multiple channels (overall pounds sold down ~9.7% in Q2), pronounced brand-specific declines (e.g., Orchard Valley Harvest -42%, Fisher -15%, private label bars -12%), higher commodity and inventory costs (inventory +14.4%, weighted average raw cost +11.8%), and lagging pricing pass-through, which together indicate continued demand softness and execution risk. Overall, the financial improvements and strategic investments are promising, but the volume declines and cost/inventory pressures moderate near-term outlook.Positive Updates
Revenue Growth — Q2
Net sales for Q2 FY2026 increased 4.6% year-over-year to $314.8 million (vs. $301.1 million in Q2 FY2025).
Negative Updates
Significant Volume Declines Across Channels
Overall sales volume declined meaningfully in Q2: management reported a 9.7% decline in pounds sold year-over-year. Channel breakdowns include consumer distribution down 8.4%, contract manufacturing down 26.5%, and commercial ingredients roughly flat (-1.1%).
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth — Q2
Net sales for Q2 FY2026 increased 4.6% year-over-year to $314.8 million (vs. $301.1 million in Q2 FY2025).
Read all positive updates
Company Guidance
Management's guidance emphasized execution and timing over explicit forward financial targets: ~85% of new bar equipment is on site or in transit with production planned to start in July 2026, the company paid a $1.00 per-share special dividend at the start of Q3 and is funding one of its largest capital expenditure initiatives to expand capacity. They stressed continued disciplined cost management and OFG margin-enhancement projects to sustain recent profitability gains—Q2 gross profit rose $6.9M to $59.2M and gross margin improved to 18.8% (from 17.4%), operating expenses were essentially flat (+$0.3M) and fell to 10.5% of sales (from 10.9%)—and expressed cautious optimism for H2 given commercial momentum. Key metrics to monitor going forward include Q2 net sales +4.6% to $314.8M, Q2 net income $18.0M or $1.53 diluted EPS (≈32% YoY EPS growth), YTD net sales +6.3% to $613.5M and YTD net income $36.7M or $3.12, alongside volume headwinds (Q2 sales volume down ~9.7%, consumer channel -8.4%, contract manufacturing -26.5%, YTD volume -5.3%), inventories up $29.6M (14.4%) and raw nut/dried fruit cost per pound up 11.8% YoY; management also noted pricing mechanics of six‑month retailer reviews and ~60–90 day brand price-change lead times.John B Sanfilippo & Son Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.14B | 1.11B | 1.07B | 999.69M | 955.87M | 858.48M |
| Gross Profit | 217.94M | 203.47M | 214.14M | 211.63M | 199.63M | 184.99M |
| EBITDA | 123.47M | 112.89M | 109.09M | 109.65M | 103.33M | 99.57M |
| Net Income | 70.36M | 58.93M | 60.25M | 62.86M | 61.79M | 59.74M |
Balance Sheet | ||||||
| Total Assets | 617.73M | 597.60M | 515.58M | 425.29M | 447.26M | 398.45M |
| Cash, Cash Equivalents and Short-Term Investments | 2.40M | 585.00K | 484.00K | 1.95M | 415.00K | 672.00K |
| Total Debt | 67.88M | 102.12M | 52.94M | 12.83M | 52.65M | 26.58M |
| Total Liabilities | 247.60M | 236.91M | 192.96M | 133.08M | 168.44M | 155.96M |
| Stockholders Equity | 370.12M | 360.70M | 322.61M | 292.21M | 278.82M | 242.49M |
Cash Flow | ||||||
| Free Cash Flow | 32.77M | -20.17M | 73.36M | 103.92M | 1.85M | 79.52M |
| Operating Cash Flow | 105.25M | 30.55M | 101.67M | 124.66M | 19.60M | 104.70M |
| Investing Cash Flow | -71.47M | -50.82M | -87.35M | -24.29M | -11.38M | -22.95M |
| Financing Cash Flow | -31.72M | 20.38M | -15.79M | -98.83M | -8.48M | -82.61M |
John B Sanfilippo & Son Technical Analysis
Positive
81.62
Price Trends
79.42
Positive
75.89
Positive
69.42
Positive
Market Momentum
1.23
Negative
53.79
Neutral
71.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JBSS, the sentiment is Positive. The current price of 81.62 is above the 20-day moving average (MA) of 79.08, above the 50-day MA of 79.42, and above the 200-day MA of 69.42, indicating a bullish trend. The MACD of 1.23 indicates Negative momentum. The RSI at 53.79 is Neutral, neither overbought nor oversold. The STOCH value of 71.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JBSS.
John B Sanfilippo & Son Risk Analysis
John B Sanfilippo & Son disclosed 25 risk factors in its most recent earnings report. John B Sanfilippo & Son reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
John B Sanfilippo & Son Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $1.11B | 4.20 | 13.51% | ― | 8.33% | 47.71% | |
71 Outperform | $942.31M | 11.74 | 19.54% | 3.48% | 1.88% | 21.05% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | $768.23M | 27.76 | 9.29% | ― | 11.31% | 99.83% | |
58 Neutral | $1.61B | 5.80 | -36.19% | ― | -0.78% | 265.56% | |
48 Neutral | $433.44M | -7.74 | -8.93% | 17.12% | -6.04% | -844.18% |
* Consumer Defensive Sector Average
JBSS
John B Sanfilippo & Son
81.62
16.72
25.76%
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John B Sanfilippo & Son Corporate Events
DividendsFinancial Disclosures
John B. Sanfilippo Announces Special Cash Dividend Declaration
Positive
Mar 30, 2026
John B. Sanfilippo Son, Inc., a U.S. snack producer specializing in nut and dried fruit-based products, snack bars and dried cheese snacks under both private labels and brands such as Fisher and Orchard Valley Harvest, operates across the package...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.