NASDAQ$JBSS
John B Sanfilippo & Son Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
John B. Sanfilippo & Son reported results for the first quarter of fiscal year 2024, with diluted EPS increasing 12.7%.
John B. Sanfilippo & Son, Inc. reported a decrease in net sales by 7.3% to $234.1 million, while diluted EPS increased by 12.7% to $1.51 per share. The company faced challenges including softness in consumer confidence and competitive pricing pressures, but made strategic marketing investments and completed the acquisition of the snack bars business from TreeHouse Foods.
- Net sales decreased by 7.3% to $234.1 million due to a decline in sales volume.
- Diluted EPS increased by 12.7% to $1.51 per share.
- Gross profit increased by 12.6% to $57.0 million due to lower acquisition costs for tree nuts and manufacturing efficiencies.
- The company acquired the snack bars business from TreeHouse Foods, accelerating product diversification.
Headline financials
Revenue & EPS history
Sanfilippo · Revenue · Quarterly
$234M
Revenue by segment
Sanfilippo · $208M total across 3 segments · Q3 2021
- Consumer Distribution Channel$162M—77.8%
- Contract Manufacturing$25M—12.0%
- Commercial Ingredients$21.2M—10.2%
Forward guidance
Looking ahead, the company will focus on integrating the acquired snack bars business, optimizing operations, and growing branded and private label consumer nut business, while facing headwinds such as cautious consumers, competitive pricing pressures, and a declining nut category.
Tailwinds
- Successfully integrate our recently acquired snack bars manufacturing facility and business.
- Optimizing its operations.
- Continue to seek opportunities to profitably grow our branded and private label consumer nut business.
- Welcome our new Lakeville, Minnesota employees to the family.
- Work together to deliver long-term shareholder value.
Headwinds
- Ongoing headwinds of cautious consumers.
- Competitive pricing pressures.
- A declining nut category.
- Sales activity for the Company’s products, such as a decline in sales to one or more key customers.
- Changes in the availability and costs of raw materials and ingredients and the impact of fixed price commitments with customers.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.5%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+0.6%
Avg return
30 days after
57%
36 / 63 earnings
Positive
+26.6%
Q1 2017
Best reaction
-14.1%
Q1 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +6.9% | +4.8% | -2.3% | |
| Q2 2026 | +7.1% | +5.4% | +9.3% | |
| Q1 2026 | +14.9% | +14.3% | +22.1% | |
| Q3 2025 | -5.1% | -9.5% | -6.2% | |
| Q1 2025 | -11.3% | -10.6% | -7.2% | |
| Q4 2024 | -1.4% | -8.0% | -7.1% | |
| Q3 2024 | +1.7% | -1.0% | +1.1% | |
| Q2 2024 | -2.7% | -6.5% | -6.9% | |
| Q1 2024 | -10.4% | -9.8% | -11.1% | |
| Q4 2023 | +0.8% | -3.2% | -4.5% | |
| Q3 2023 | +8.9% | +11.8% | +9.8% | |
| Q2 2023 | +9.0% | +10.2% | +7.6% | |
| Q1 2023 | -3.2% | +0.2% | +0.5% | |
| Q4 2022 | +13.3% | +14.9% | +5.3% | |
| Q3 2022 | -4.5% | -6.7% | -8.5% | |
| Q2 2022 | -4.4% | -3.2% | -2.3% | |
| Q1 2022 | +1.8% | +1.2% | +2.5% | |
| Q4 2021 | -2.1% | +0.8% | -7.4% | |
| Q3 2021 | +0.7% | +2.7% | +5.0% | |
| Q2 2021 | +2.0% | +1.1% | +6.4% | |
| Q1 2021 | -2.3% | -4.7% | -2.3% | |
| Q4 2020 | -9.6% | -7.5% | -16.3% | |
| Q3 2020 | -3.5% | +1.3% | +2.2% | |
| Q2 2020 | +4.0% | -3.2% | -16.3% | |
| Q1 2020 | +9.6% | +12.7% | +6.2% | |
| Q4 2019 | +9.3% | +10.2% | +16.1% | |
| Q3 2019 | +14.1% | +10.0% | +6.3% | |
| Q2 2019 | +6.8% | +6.3% | +7.5% | |
| Q1 2019 | -14.1% | -13.0% | -16.3% | |
| Q4 2018 | -6.4% | -8.3% | -7.7% | |
| Q3 2018 | +12.0% | +10.4% | +21.5% | |
| Q2 2018 | -5.4% | -0.6% | -2.2% | |
| Q1 2018 | -13.9% | -15.1% | -10.5% | |
| Q4 2017 | +1.0% | -2.0% | -0.2% | |
| Q3 2017 | -9.0% | -11.7% | -9.8% | |
| Q2 2017 | -3.0% | -5.6% | -5.2% | |
| Q1 2017 | +26.6% | +22.6% | +31.5% | |
| Q4 2016 | +12.1% | +13.2% | +13.4% | |
| Q3 2016 | -5.9% | — | — | |
| Q2 2016 | +15.2% | — | — | |
| Q1 2016 | +7.7% | — | — | |
| Q4 2015 | +1.4% | — | — | |
| Q3 2015 | +7.3% | — | — | |
| Q2 2015 | -2.7% | — | — | |
| Q1 2015 | -4.9% | — | — | |
| Q4 2014 | +2.4% | — | — | |
| Q3 2014 | +4.3% | — | — | |
| Q2 2014 | +4.1% | — | — | |
| Q1 2014 | -1.5% | — | — | |
| Q4 2013 | +5.7% | — | — | |
| Q3 2013 | -4.4% | — | — | |
| Q2 2013 | -9.7% | — | — | |
| Q1 2013 | +20.3% | — | — | |
| Q4 2010 | -0.3% | — | — | |
| Q4 2012 | -8.1% | — | — | |
| Q3 2012 | +5.0% | — | — | |
| Q3 2011 | +5.0% | — | — | |
| Q2 2012 | +3.0% | — | — | |
| Q1 2011 | +1.5% | — | — | |
| Q2 2011 | +1.5% | — | — | |
| Q1 2012 | +1.5% | — | — | |
| Q4 2011 | +1.5% | — | — | |
| Q3 2010 | -2.6% | — | — |
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