John B. Sanfilippo & Son Q2 diluted EPS rises 13.1% to $1.64; net sales up 6.2%
John B. Sanfilippo & Son reported fiscal 2024 second-quarter results for the quarter ended December 28, 2023. Net sales rose 6.2% to $291.2 million and diluted EPS rose 13.1% to $1.64, with the September 2023 Lakeville Acquisition contributing about $28.7 million of net sales. Excluding the acquisition, net sales fell 4.3% on a 2.6% decline in sales volume, so shareholders are seeing growth driven mainly by the acquisition.
Key points
- Net sales increased $16.9 million, or 6.2%, to $291.2 million; excluding the Lakeville Acquisition, net sales decreased $11.8 million, or 4.3%
- Diluted EPS increased 13.1% to $1.64; six-month diluted EPS increased 12.9% to $3.15
- Lakeville Acquisition, completed September 29, 2023, contributed approximately $28.7 million of net sales in the quarter
- A one-time $2.2 million bargain purchase gain reduced operating expenses in the quarter
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 31, 2024.
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