NASDAQ$JBSS

John B Sanfilippo & Son Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Diluted EPS increased by 30% to a third quarter record.

John B. Sanfilippo & Son, Inc. reported a strong third quarter in fiscal year 2020, with net income increasing to $13.5 million, or $1.17 per share diluted, compared to $10.3 million, or $0.90 per share diluted, for the third quarter of fiscal 2019. Net sales also increased to $211.6 million from $201.8 million.

  • Net sales increased by 4.9%.
  • Sales volume increased by 13.7%.
  • Gross profit increased by 10.3%.
  • Net income increased by 30.3%.

Headline financials

Total Revenue

$212M

Previous: $202M+4.9%
EPS (adj)

$1.17

Previous: $0.90+30.0%
Gross Profit Margin

20.2%

Previous: 19.2%+5.2%
Sales Volume Growth

13.7%

No prior period
Capital Expenditures

-$10.6M

Previous: -$12.1M+12.6%
Free Cash Flow

$2.91M

Previous: -$1.75M+266.2%
Net Income

$13.5M

Previous: $10.3M+30.3%
Operating Income

$19.4M

Previous: $15.4M+25.9%
Gross Profit

$42.8M

Previous: $38.8M+10.3%
Cash & Equivalents

$993K

Previous: $1.09M-8.9%
Total Assets

$431M

Previous: $410M+5.1%
Stock-Based Comp

$702K

Previous: $521K+34.7%

Revenue & EPS history

Sanfilippo · Revenue · Quarterly

$212M

Q3 2020+4.9%vs Q3 2019
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 expects sales volume growth in the consumer distribution channel to normalize. Food service sales are expected to decline significantly until travel restrictions and restaurant closings are lifted.

Headwinds

  • Expect sales volume growth in consumer distribution channel to normalize.
  • Food service sales are expected to decline significantly until travel restrictions and restaurant closings are lifted.

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 Q3 2020

Historical avgQ3 2020

+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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