Earnings ·
Reports Q1 fiscal 2027 diluted EPS of $1.11 and net sales of $288.1 million
JBSSSanfilippo John B & Son Inc
John B. Sanfilippo & Son reported first-quarter fiscal 2027 results with diluted earnings per share of $1.11, a 30.2% decline from the prior year period. Net sales decreased $10.5 million, or 3.5%, to $288.1 million, driven by lower weighted average selling prices and reduced private brand volumes in the consumer channel. Gross profit fell 9.6% to $48.9 million as competitive pricing pressures and higher manufacturing expenses compressed margins to 17.0%. Sales volume remained flat at 90.5 million pounds year-over-year, with growth in the commercial ingredients and contract manufacturing channels offsetting declines elsewhere. The company operates as a processor, packager, marketer, and distributor of nut and dried fruit products.