Overview

* John B. Sanfilippo fiscal Q4 diluted EPS rises 33.7% to $1.15

* Net sales for fiscal Q4 decreased 0.2% to $269.1 mln

* Co announces 5.9% increase in annual dividend

Outlook

* Company remains focused on disciplined cost management and operational efficiencies

* Company committed to long-term sustainable growth and enhancing margins

Result Drivers

* SALES VOLUME DECLINE - Sales volume decreased by 5.9% to 86.2 mln pounds, primarily due to a 16.7% reduction in bars volume following a previous year's national brand recall, and strategic decisions to reduce sales to certain retailers

* PRICE INCREASE OFFSET - Despite a 5.9% decrease in sales volume, net sales only slightly declined by 0.2% to $269.1 mln, offset by a 30.4% increase in the cost per pound of raw nut and dried fruit input stock

* GROSS PROFIT DECREASE - Gross profit fell 2.4% to $48.8 mln, driven by higher commodity acquisition costs for peanuts and most major tree nuts, which was partially offset by increased selling prices per pound

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Sales $269.08

mln

Q4 EPS $1.15

Q4 Gross 18.1%

Margin

Q4 EBIT $20.14

mln

Q4 Gross $48.78

Profit mln

Q4 $18.12

Pretax mln

Profit

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)