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John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) is a prominent player in the snack food industry, renowned internationally for its Fisher® brand. Established in 1922 and based in Elgin, Illinois, the company has evolved into a major processor, packager, marketer, and distributor of a variety of nut and snack products. The extensive product line includes peanuts, pecans, cashews, walnuts, almonds, and other nuts, along with peanut butter, almond butter, cashew butter, candy, confections, snacks, trail mixes, dried fruit, corn snacks, sesame sticks, and other snack items.
John B. Sanfilippo & Son markets its products under its well-known brand names Fisher®, Orchard Valley Harvest®, Squirrel Brand®, Southern Style Nuts®, and Just the Cheese®, as well as numerous private labels. The company operates five facilities across the United States and employs over 1,300 individuals, driving annual sales that exceed $700 million.
The company’s unique corporate culture blends a family-based atmosphere with the dynamics of a publicly traded entity, fostering an environment where innovation and traditional values coexist. John B. Sanfilippo & Son, Inc. continues to expand its sales and operations to better serve its national customer base.
Recent highlights include the launch of bold creative campaigns and rebranding efforts, particularly for its Orchard Valley Harvest line. The latest initiative, Say No to No Nut November, reflects the brand's commitment to engaging consumers with playful yet impactful marketing while supporting charitable causes. The campaign encourages consumers to enjoy nut products and supports food security initiatives.
John B. Sanfilippo & Son also maintains transparency and accessibility for its stakeholders through various communication platforms. Financial calls and updates are accessible via the company’s official website, ensuring stakeholders are well-informed about the latest developments.
With a century-long legacy and a forward-thinking approach, John B. Sanfilippo & Son, Inc. continues to thrive as a leader in the snack food industry, dedicated to delivering high-quality products that cater to diverse consumer needs.
John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) declared a special cash dividend of
John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) reported a strong start to fiscal 2023 with first-quarter net sales rising by 11.6% to $252.6 million, despite a 2.2% decline in gross profit to $50.6 million and a 19.4% decrease in diluted EPS to $1.34. Sales volume grew by 1.8% to 79 million pounds. Key growth was noted in the consumer channel and foodservice, although challenges remain due to inflationary pressures. The company continues to focus on efficiencies and strategic investments to drive long-term shareholder value.
John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) will hold its quarterly conference call on November 2, 2022, at 10:00 a.m. ET to discuss its first quarter fiscal 2023 results, which are set to be released on November 1, 2022, after market close. The company, a significant player in processing and distributing nut and dried fruit products under brands like Fisher®, Orchard Valley Harvest®, and Squirrel Brand®, invites participants to register for the call online and provides a link to access the webcast for interested stakeholders.
MarineMax, Inc. (NYSE: HZO) has appointed Mercedes Romero to its Board of Directors, effective October 1, 2022. Romero, currently the Global Chief Procurement Officer at Primo Water (Nasdaq: PRMW), brings over 25 years of experience across multiple industries, including Consumer Goods and Spirits. She has a proven track record in operational efficiencies and strategic planning, which is expected to enhance MarineMax’s growth strategy. Romero's international experience will provide new perspectives to the board during a pivotal growth phase for the company.
John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) reported strong financial results for Q4 and fiscal year 2022. Net income reached $17.4 million, or $1.50 per share, up 41.1% from $12.3 million in Q4 2021. Net sales surged 24.7% to $257.7 million, driven by a 12.5% increase in average selling prices and a 10.9% rise in sales volume. For the full fiscal year, net income was $61.8 million, translating to $5.33 per share. However, the gross profit margin declined due to higher acquisition costs. The company raised its annual dividend by 7.1% to $0.75 per share and announced a special dividend of $1.50.
John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) will hold a conference call on August 25, 2022, at 10:00 a.m. ET to discuss its fourth quarter and fiscal 2022 year-end results. The results will be released after market hours on August 24, 2022. The call will be accessible via a webcast on the company’s website. JBSS is well-known for processing and distributing nut products under various brands including Fisher®, Orchard Valley Harvest®, and Squirrel Brand®.
John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) declared a special cash dividend of $1.50 per share and an annual cash dividend of $0.75 per share, totaling approximately $26.0 million. The dividends will be paid on August 31, 2022, to stockholders of record by August 12, 2022. CEO Jeffrey T. Sanfilippo cited strong financial performance in fiscal 2022's first three quarters as the rationale behind the special dividend and a $0.05 increase in the annual dividend. This move is aimed at enhancing long-term stockholder value through responsible cash utilization.
John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) announced that management will present at the East Coast IDEAS Investor Conference on June 22, 2022. The presentation will be available at 6:00 am ET and can be accessed via the conference website: www.IDEASconferences.com. Interested investors can register for the webcast or schedule meetings through Three Part Advisors.
The IDEAS Investor Conferences aim to give quality companies a platform to present to influential investment professionals.
John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) reported a 5.1% increase in net sales, reaching $218.6 million for Q3 FY2022. However, net income dropped 19.2% to $11.9 million compared to the previous year. The sales increase was driven by an 8.1% rise in average selling prices, although sales volume fell by 2.8%. Higher commodity and operational costs, particularly for tree nuts and peanuts, negatively impacted profits, resulting in a 14.4% decrease in gross profit margin. Despite challenges, the company anticipates future earnings growth from strategic investments.
John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) will hold its quarterly conference call on April 28, 2022, at 11:00 a.m. ET to discuss third quarter fiscal 2022 results, releasing results after market close on April 27, 2022. The call can be accessed via dial-in numbers (U.S.: 1-866-374-5140, International: 1-404-400-0571) using passcode 99610441#. The company is a key player in processing and distributing snack and recipe nut products, marketed under multiple brands including Fisher® and Squirrel Brand®.
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