Dry fruit products maker John B Sanfilippo posts rise Q2 sales and EPS

Reuters01-30
Dry fruit products maker John B Sanfilippo posts rise <a href="https://laohu8.com/S/QTWO">Q2</a> sales and EPS

Overview

  • Nut processor's fiscal Q2 net sales rose 4.6% despite a decline in sales volume

  • Diluted EPS increased 31.9% to $1.53 per share

  • Company attributes performance to strategic pricing and operational efficiencies

Outlook

  • Company expects reduced tariffs on imported nuts to support future demand

  • Company expanding product pipeline to align with health and wellness trends

  • CEO confident in navigating dynamic environment and capitalizing on growth opportunities

Result Drivers

  • PRICE INCREASES - Net sales growth driven by a 15.8% increase in weighted average selling price per pound due to higher commodity costs

  • GROSS PROFIT IMPROVEMENT - Gross profit rose 13.2% due to higher net sales and better alignment of selling prices with commodity costs

  • OPERATIONAL EFFICIENCIES - Improved operational efficiencies and reduced manufacturing spending contributed to gross profit increase

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Sales

Slight Beat*

$314.78 mln

$313.43 mln (1 Analyst)

Q2 EPS

$1.53

Q2 Gross Margin

18.80%

Q2 EBIT

$25.98 mln

Q2 Gross Profit

$59.17 mln

Q2 Pretax Profit

$24.51 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw8w1mDYa

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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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