NASDAQ$JBSS

John B Sanfilippo & Son Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

JBSS reported record net income and diluted earnings per share for the second quarter, despite challenges in the food service business and contract packaging distribution channel.

John B. Sanfilippo & Son, Inc. announced operating results for its fiscal 2021 second quarter, with net income increasing to $19.9 million, or $1.72 per share diluted, compared to $17.5 million, or $1.52 per share diluted, for the second quarter of fiscal 2020. Net sales decreased to $233.6 million from $246.4 million, primarily due to lower selling prices for tree nuts, offset by a 1.8% increase in sales volume.

  • Net income for the second quarter of fiscal 2021 was $19.9 million, or $1.72 per share diluted, compared to net income of $17.5 million, or $1.52 per share diluted, for the second quarter of fiscal 2020.
  • Net sales for the second quarter of fiscal 2021 were $233.6 million compared to net sales of $246.4 million for the second quarter of fiscal 2020.
  • Gross profit increased by $2.8 million, or 5.6%, for the second quarter of fiscal 2021 compared to the second quarter of fiscal 2020.
  • Sales volume increased 9.9% in the consumer distribution channel mainly due to a 13.3% increase in sales volume for private brand peanuts, trail mixes and snack mixes.

Headline financials

Total Revenue

$234M

Previous: $246M-5.2%
EPS (adj)

$1.72

Previous: $1.52+13.2%
Gross Profit Margin

22.6%

Previous: 20.3%+11.3%
Capital Expenditures

-$11.1M

Previous: -$6.47M-72.0%
Free Cash Flow

$8.76M

Previous: $11M-20.3%
Net Income

$19.9M

Previous: $17.5M+13.9%
Operating Income

$27.8M

Previous: $24.5M+13.6%
Gross Profit

$52.8M

Previous: $50M+5.6%
Cash & Equivalents

$1.76M

Previous: $1.39M+26.6%
Total Assets

$398M

Previous: $400M-0.5%
Stock-Based Comp

$998K

Previous: $855K+16.7%

Revenue & EPS history

Sanfilippo · Revenue · Quarterly

$234M

Q2 2021-5.2%vs Q2 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Sanfilippo · $208M total across 3 segments · Q3 2021

  • Consumer Distribution Channel
    $162M
  • Contract Manufacturing
    $25M
  • Commercial Ingredients
    $21.2M

Forward guidance

The Company will host an investor conference call and webcast on Thursday, January 28, 2021, at 10:00 a.m. Eastern (9:00 a.m. Central) to discuss these results.

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 Q2 2021

Historical avgQ2 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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