By Katherine Hamilton
John B. Sanfilippo & Son shares rose after the company declared a special dividend and said demand was stabilizing.
The stock gained 15% to $68.56 on Thursday. Shares are still down 21% this year.
The nut producer logged an 8% increase in quarterly sales, as volumes improved and demand appears to be stabilizing. Increases in granola sales volume and snack nut sales boosted overall revenue.
Gross profit increased to $54.1 million with a margin increase of 18%. Selling prices were more closely aligned with commodity acquisition costs than they were last year.
The company declared a special $1 cash dividend, which will return about $11.7 million total to stockholders. Chief Executive Jeffrey Sanfilippo said the dividend was the result of strong financial performance.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
October 30, 2025 14:54 ET (18:54 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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