Key Highlights:

  • Net Sales came in at USD 280.4 million in the fourth quarter, representing a 4.2% increase driven by a 2.8%.
  • Diluted EPS totaled USD 0.71 for the quarter, a 38.3% decrease compared to the prior year fourth quarter.
  • Full Year Net Sales stood at USD 1.18 billion, reflecting a record high for the company and a 6.2% increase.
  • Full Year Diluted EPS was reported at USD 5.26, representing a 4.6% increase due to higher weighted average selling prices.

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) is scheduled to report third quarter results on Wednesday, Oct. 28, after the market close. Consensus estimates call for adjusted earnings per share of USD 1.53 on revenue of USD 306.92 million, against a market capitalization of USD 787.79 million.

In the most recently reported quarter, Net Sales came in at USD 280.4 million in the fourth quarter, representing a 4.2% increase driven by a 2.8% rise in the weighted average sales price and a 1.4% increase in sales volume. Diluted EPS totaled USD 0.71 for the quarter, a 38.3% decrease compared to the prior year fourth quarter.

Sales Volume and Other Business Trends

Sales Volume came in at 87.4 million pounds in the fourth quarter, marking a return to growth after five consecutive quarters of decline. Gross Profit totaled USD 44.1 million for the quarter, a 9.5% decrease primarily due to USD 2.7 million in recall-related costs and higher input expenses. Gross Margin stood at 15.7% of net sales, down from 18.1% in the prior year quarter reflecting manufacturing inefficiencies and higher freight expenses. Total Dividends was reported at USD 3.50 per share declared for the 2026 calendar year, including a 5.6% increase to the annual dividend and a USD 1.05 per share special dividend.

Contract Manufacturing Volume and Capital Position

Contract Manufacturing Volume came in at 12.6% growth in the quarter, driven by increased snack nut sales to a significant new customer added in the prior year. Consumer Distribution Volume totaled 0.8% increase in the fourth quarter, supported by a 2.4% rise in private brand nut and trail mix sales. Commercial Ingredients Volume stood at 5.4% decrease in the quarter, primarily reflecting the timing of peanut crushing stock sales. Inventory Value was reported at USD 245.8 million at year-end, a 3.4% decrease driven by lower finished goods inventories for bars and lower walnut acquisition costs. Input Stock Costs came in at 12.1% increase in the weighted average cost per pound for raw nut and dried fruit stock, reflecting higher pecan and almond acquisition costs.

Fisher Snack and Trail Mix Volume and Additional Detail

Fisher Snack and Trail Mix Volume came in at 15% increase in pound shipments, driven by expanded assortment at a specialty retailer and e-commerce growth. Fisher Recipe Nut Volume totaled 12% decrease in the fourth quarter, attributed to slower velocities among grocery retailers. Orchard Valley Harvest Volume stood at 26% decrease in pound shipments, due to category softness and lapping rotations at a club retailer. Southern Style Nuts Volume was reported at 27% decrease in pound shipments, resulting from a voluntary recall of a third-party ingredient. Bar Category Performance came in at 3% decline in private label bar shipments, consistent with a broader 5% decline in the private label bar category.

Figures to Follow in the Release

Investors can watch third quarter results against the figures management has already put on record, including the following: Net Sales came in at USD 280.4 million in the fourth quarter, representing a 4.2% increase driven by a 2.8% rise in the weighted average sales price and a 1.4% increase in sales volume.