NASDAQ$JBSS
John B Sanfilippo & Son Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported a decrease in net sales and diluted EPS compared to the prior year quarter, which contained an extra week. However, the company reported a record fiscal year diluted EPS.
John B. Sanfilippo & Son, Inc. reported a decrease in net sales by 9.1% to $234.2 million and a decrease in diluted EPS by 16.0% to $1.26 per share for the fourth quarter of fiscal year 2023, compared to the prior year quarter which contained an extra week. The company launched a new product line of private brand nutrition bars and sold over $4.2 million of this bar product to a number of key retail partners. The company raised its annual dividend by 6.7% to $0.80 per share and supplemented its annual dividend with a special dividend of $1.20 per share.
- Net sales decreased 9.1% to $234.2 million due to a 9.0% decrease in sales volume.
- Sales volume decreased 9.0% to 74.2 million pounds.
- Gross profit decreased 2.6% to $54.7 million, with gross profit margin increasing to 23.4% of net sales from 21.8%.
- Diluted EPS decreased 16.0% to $1.26 per share.
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 to fiscal 2024, the company is focused on accelerating volume growth by capitalizing on the success of its private brand nutrition bars, strategically investing in its brands, partnering with its key private brand customers, and exploring strategic acquisition opportunities.
Tailwinds
- Capitalizing on the success of our private brand nutrition bars
- Strategically investing in our brands
- Partnering with our key private brand customers
- Exploring strategic acquisition opportunities
- Confident we can continue to deliver strong operating 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 Q4 2023
+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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