Core Announcement
John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) reported mixed fourth‑quarter 2026 results, with adjusted earnings per share of $0.71 for the quarter ended June 25, missing the analyst consensus of $1.30 by $0.59. Revenue increased 4.2% year‑over‑year to $280.4 million, surpassing the consensus estimate of $271.8 million and rising from $269.1 million in the comparable prior‑year period. The stock closed 3.32% lower on Wednesday and showed little movement in after‑hours trading following the release.
Financial Highlights
- Sales volume rose 1.4% to 87.4 million pounds, marking the first quarterly volume increase after five consecutive quarters of decline.
- Gross profit declined 9.5% to $44.1 million, impacted by $2.7 million in recall‑related costs tied to contaminated dry‑milk powder from a third‑party supplier, higher customer claims, elevated snack‑bar ingredient costs, manufacturing inefficiencies, and increased freight expenses.
Operational Factors
CEO Jeffrey T. Sanfilippo noted that profitability was pressured by higher‑than‑anticipated input and transportation costs, ongoing manufacturing inefficiencies linked to onboarding a large contract‑manufacturing customer, and certain customer‑related charges.
Full‑Year 2026 Results
For the full fiscal year 2026, net sales reached a record $1.18 billion, up 6.2% year‑over‑year, while diluted earnings per share increased 4.6% to $5.26.
Dividend Actions
The board increased the annual dividend by 5.6% to $0.95 per share and declared a special dividend of $1.05 per share.