NASDAQ$JBSS
John B Sanfilippo & Son Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
John B. Sanfilippo & Son, Inc. reported results for the fiscal third quarter of 2022, with net sales increasing by 5.1% to $218.6 million.
John B. Sanfilippo & Son, Inc. reported a 5.1% increase in net sales for the third quarter of fiscal 2022, reaching $218.6 million. Net income decreased to $11.9 million, or $1.02 per share diluted, compared to $14.7 million, or $1.27 per share diluted, for the same quarter last year. The increase in net sales was driven by an 8.1% increase in the weighted average sales price per pound, offset by a 2.8% decrease in sales pounds.
- Net sales increased by 5.1% to $218.6 million due to higher selling prices.
- Net income decreased by 19.2% to $11.9 million, or $1.02 per share diluted.
- Sales volume decreased by 2.8%, primarily in the consumer distribution channel.
- Gross profit margin decreased to 18.0% due to higher commodity acquisition and inflationary costs.
Headline financials
Revenue & EPS history
Sanfilippo · Revenue · Quarterly
$219M
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
The company anticipates numerous challenges including ongoing and potential new supply chain issues and inflationary cost pressures due to the conflict in Ukraine and the potential impact on consumption from higher retail selling prices.
Tailwinds
- Strategic investments in people
- Strategic investments in customers
- Strategic investments in capabilities
- Pricing actions to help offset the inflationary input costs were fully implemented during the third quarter, but we will not see a full quarter impact of these actions until the fourth quarter.
- Upgrade of our peanut butter line discussed above is expected to improve our peanut butter quality and manufacturing capabilities and efficiencies
Headwinds
- Ongoing and potential new supply chain issues
- Inflationary cost pressures due to the conflict in Ukraine
- Potential impact on consumption from higher retail selling prices
- Difficult cost environment
- Additional inflationary cost pressures on pecans, fuel, aluminum-based lidding stock and certain ingredients, including roasting oil
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 2022
+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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