Nut products maker John B Sanfilippo's Q1 net sales rise on higher volumes

Reuters10-30
Nut products maker John B Sanfilippo's Q1 net sales rise on higher volumes

Overview

  • John B. Sanfilippo fiscal Q1 net sales rise 8.1% to $298.7 mln

  • Diluted EPS for fiscal Q1 increases 59% to $1.59 per share

  • Gross profit for fiscal Q1 rises 16.2% to $54.1 mln

Outlook

  • Company aims to grow sales volume and improve profitability in fiscal 2026

  • Company sees challenges in sustaining EPS improvement due to economic uncertainties

Result Drivers

  • SELLING PRICE INCREASE - Net sales growth driven by 8.9% increase in weighted average selling price per pound due to higher commodity costs

  • COMMERCIAL INGREDIENTS GROWTH - Sales volume in commercial ingredients channel rose 12.8% due to new business and increased peanut butter volume

  • CONTRACT MANUFACTURING GROWTH - Contract manufacturing sales volume increased 18.4% due to higher granola and snack nut sales

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Sales

$298.68 mln

Q1 EPS

$1.59

Q1 Gross Margin

18.10%

Q1 EBIT

$27.01 mln

Q1 Gross Profit

$54.09 mln

Q1 Pretax Profit

$25.06 mln

Press Release: ID:nGNX5P5JNH

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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