John B. Sanfilippo sales rise 18.0% to $276.2M; diluted EPS falls 33.8% to $1.00
John B. Sanfilippo & Son reported fiscal 2025 first quarter results ended September 26, 2024. Net sales rose 18.0% to $276.2 million, mainly from the Lakeville snack bar acquisition, but gross profit fell 18.4% and diluted EPS fell 33.8% to $1.00 on lower selling prices, higher commodity costs and a one-time customer concession.
Key points
- Net sales increased $42.1 million, or 18.0%, to $276.2 million, including about $40.5 million from the Lakeville Acquisition; excluding it, net sales rose $1.6 million, or 0.7%.
- Gross profit decreased 18.4% to $46.5 million, and gross margin fell to 16.9% of net sales from 24.4% a year earlier.
- Net income was $11.7 million versus $17.6 million in the prior-year quarter; diluted EPS was $1.00 versus $1.51.
- The company will hold an investor conference call on Thursday, October 31, 2024, at 10:00 a.m. Eastern.
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 October 30, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.