newsfilter
← Latest News
Business Wire·

John B. Sanfilippo & Son, Inc. Reports Fiscal 2026 Fourth Quarter and Full Year Results

JBSS
  • John B. Sanfilippo & Son, Inc. reported fiscal 2026 fourth-quarter net sales of $280.4 million, a 4.2% increase, with sales volume up 1.4% to 87.4 million pounds.
  • Fourth-quarter gross profit declined 9.5% to $44.1 million, while diluted EPS fell 38.3% to $0.71 per share due to higher input costs, manufacturing inefficiencies, & recall-related charges.
  • Full-year fiscal 2026 net sales reached a record $1.18 billion, a 6.2% increase, driven by an 8.9% rise in weighted average selling price per pound.
  • Full-year sales volume decreased 2.5% to 349.3 million pounds, primarily due to lower consumer channel sales, though gross profit grew 3.8% to $211.2 million.
  • Full-year diluted EPS increased 4.6% to $5.26 per share, supported by higher net sales & the absence of a prior-year pricing concession.
  • The CEO announced a leadership transition where Jeffrey T. Sanfilippo will step down as CEO in October 2026 to become Executive Chairman, succeeded by Jasper Sanfilippo.
  • Shareholders received a total of $3.50 per share in dividends for the 2026 calendar year, including a 5.6% increase in the annual dividend to $0.95 & a special dividend of $1.05.
  • A product recall involving dry milk powder in seasoning contributed $2.7 million in costs, negatively impacting fourth-quarter gross profit & margins.
  • Sales volume grew 12.6% in the contract manufacturing channel & 0.8% in the consumer channel, while the commercial ingredients channel saw a 5.4% decline.
  • Total inventory value decreased $8.8 million to $245.8 million at quarter-end, driven by lower finished goods for bars & reduced walnut acquisition costs.
  • The company will host an investor conference call on August 20, 2026, at 10:00 a.m. Eastern time to discuss these results.