Stock Track | John B. Sanfilippo & Son Shares Tumble After Earnings Disappointment

Stock Track08-23

Shares of John B. Sanfilippo & Son, a leading producer of snack nuts and trail mixes, plunged as much as 5.91% in intraday trading on Wednesday, August 22nd. The sell-off came after the company reported its full-year 2024 financial results, which fell short of market expectations.

According to the earnings report, John B. Sanfilippo & Son's revenue for the fiscal year 2024 increased by 6.7% to $1.07 billion compared to the previous year. However, the company's net income declined by 4.1% to $60.2 million, and its profit margin contracted from 6.3% to 5.6%, primarily due to higher expenses.

The disappointing bottom-line performance was reflected in the company's earnings per share (EPS), which dropped to $5.19 from $5.43 in fiscal year 2023. This missed analysts' expectations and likely contributed to the sharp decline in the stock's value on Wednesday.

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Sanfilippo & Son Shares Tumble After Earnings Disappointment\n</h2>\n\n<h4 class=\"meta\">\n\n2024-08-23 00:22 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of John B. Sanfilippo & Son, a leading producer of snack nuts and trail mixes, plunged as much as 5.91% in intraday trading on Wednesday, August 22nd. The sell-off came after the company ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JBSS","symbol_name":"John B. 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