John B. Sanfilippo & Son, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 28, 2024
May 01, 2024 at 04:19 pm EDT
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John B. Sanfilippo & Son, Inc. reported earnings results for the third quarter and nine months ended March 28, 2024. For the third quarter, the company reported sales was USD 271.88 million compared to USD 238.54 million a year ago. Net income was USD 13.48 million compared to USD 15.73 million a year ago. Basic earnings per share from continuing operations was USD 1.16 compared to USD 1.36 a year ago. Diluted earnings per share from continuing operations was USD 1.15 compared to USD 1.35 a year ago.
For the nine months, sales was USD 797.21 million compared to USD 765.46 million a year ago. Net income was USD 50.24 million compared to USD 48.18 million a year ago. Basic earnings per share from continuing operations was USD 4.33 compared to USD 4.16 a year ago. Diluted earnings per share from continuing operations was USD 4.3 compared to USD 4.14 a year ago.
John B. Sanfilippo & Son, Inc. is a processor and distributor of peanuts, pecans, cashews, walnuts, almonds and other nuts in the United States. Its nuts are sold under its Fisher, Orchard Valley Harvest, Squirrel Brand and Southern Style Nuts brand names and under a variety of private brands. It also markets and distributes a diverse product line of food and snack products, including peanut butter, almond butter, cashew butter, candy and confections, snack and trail mixes, nutrition bars, snack bites, sunflower kernels, dried fruit, corn snacks, chickpea snacks, sesame sticks and other sesame snack products under its brand names and under private brands. Its products are raw and processed nuts. The nut product line includes almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts and filberts. Its products are sold through food retailers in the consumer channel, commercial ingredient users and contract packaging customers.