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John B. Sanfilippo & Son (JBSS)
NASDAQ:JBSS
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -7.25%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Neutral
The call presented a mixed outlook with notable achievements in sales volume growth and strategic expansion initiatives, countered by significant challenges in terms of profit margins and net income decline due to competitive pressures and rising costs.Company Guidance
During the John B. Sanfilippo & Son Q1 2025 earnings call, significant sales volume growth was highlighted, with a 24.5% increase to 91.2 million pounds, primarily driven by the Lakeville acquisition and strategic pricing actions. Net sales rose 18% year-over-year to $276.2 million, including $40.5 million from Lakeville. Despite challenges like capacity constraints at Lakeville and rising commodity costs, the company maintained a focus on operational efficiency and cost savings. Gross profit decreased by 18.4% to $46.5 million, while net income was $11.7 million or $1 per diluted share, down from $17.6 million or $1.51 per diluted share the previous year. The company expanded its manufacturing capabilities with a new 446,000 square foot facility in Huntley, Illinois, and continued to innovate in product offerings and distribution channels, particularly in the consumer and club store segments.Significant Increase in Sales Volume
Sales volume increased 24.5% to 91.2 million pounds across all distribution channels, with the consumer distribution channel experiencing a 30.8% increase primarily due to the Lakeville acquisition.
Expansion and Innovation Initiatives
JBSS expanded its manufacturing footprint by leasing a 446,000 square foot facility and launched new innovative snacks in the club channel, with the OVH brand gaining several rotations at a key club retailer.
Positive Impact from Lakeville Acquisition
The Lakeville acquisition contributed approximately $40.5 million to net sales and positively impacted sales volume across various channels, including a 36.1% increase in private brand sales volume.
New Operational Efficiencies
The company is implementing AI technology to enhance systems and processes and has identified several use cases to improve operational efficiencies.
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JBSS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JBSS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $92.16 | $82.51 | -10.47% |
| Aug 20, 2024 | $99.63 | $100.66 | +1.03% |
| May 01, 2024 | $97.84 | $98.30 | +0.47% |
| Jan 31, 2024 | $103.88 | $101.80 | -2.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does John B. Sanfilippo & Son (JBSS) report earnings?
John B. Sanfilippo & Son (JBSS) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is John B. Sanfilippo & Son (JBSS) earnings time?
John B. Sanfilippo & Son (JBSS) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JBSS EPS forecast?
Currently, no data Available
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