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1. Company Snapshot

1.a. Company Description

John B.Sanfilippo & Son, Inc., through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States.The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.


It also offers peanut butter in various sizes and varieties; snack and trail mixes, salad toppings, snacks, snack bites, dried fruit, and chocolate and yogurt coated products; baking ingredients; bulk food products; sunflower kernels, pepitas, almond and cashew butter, candy and confections, corn snacks, chickpea snacks, sesame sticks, and other sesame snack products; and various toppings for ice cream and yogurt.In addition, the company operates a retail store.The company provides its products under the Fisher, Orchard Valley Harvest, Squirrel Brand, and Southern Style Nuts brands, as well as under various private brands.


It serves retailers and wholesalers, and commercial ingredient and contract packaging customers through a network of independent brokers, distributors, and suppliers.John B.Sanfilippo & Son, Inc.


was founded in 1922 and is headquartered in Elgin, Illinois.

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1.b. Last Insights on JBSS

John B. Sanfilippo & Son, Inc.'s recent performance was positively driven by higher net sales, which led to a 59% increase in diluted EPS to $1.59 per share. The company's Q1 2026 earnings call highlighted strong fundamentals and growth prospects, with management driving profits and cash flow growth through higher pricing. A "Buy" rating was maintained by BWS Financial Inc, citing undervaluation and dominance in the private label space. The company's vertically integrated model and dual-branded/private label strategy also position it for future upside.

1.c. Company Highlights

2. Sanfilippo's Q1 FY2026 Earnings: A Resilient Performance

John B. Sanfilippo & Son, Inc.'s first quarter fiscal 2026 financial performance was marked by a robust 8.1% increase in net sales to $298.7 million, driven primarily by an 8.9% rise in weighted average sales price per pound. This growth was partially offset by a 0.7% decline in sales volume. The company's gross profit margin expanded to 18.1% of net sales, resulting in a 16.2% increase in gross profit to $54.1 million. The company's diluted earnings per share (EPS) came in at $1.59, significantly beating estimates of $1.28, representing a 59% improvement year-over-year. This outperformance was largely driven by the commercial ingredients and contract manufacturing businesses, as well as operational efficiencies.

Publication Date: Nov -16

📋 Highlights
  • EPS Surge:: Diluted earnings per share improved by 59% driven by commercial ingredients, contract manufacturing, and operational efficiencies.
  • Special Dividend:: $1 per share special cash dividend declared, totaling $11.7 million, to be paid on December 30, 2025.
  • Net Sales Growth:: Q1 fiscal 2026 net sales rose 8.1% to $298.7 million, fueled by an 8.9% increase in weighted average sales price per pound.
  • Gross Profit Expansion:: Gross profit increased by $7.6 million (16.2%) to $54.1 million, with margin rising to 18.1% of net sales.
  • Challenges Mitigation:: Addressing price inflation and consumer sentiment through cost management, supply chain optimization, and improved forecasting.

Operational Efficiencies and Cost Management

The company's management highlighted its efforts in working with customers to manage costs and drive additional costs out of operations and supply chain. This strategic focus on cost mitigation has enabled Sanfilippo to navigate the challenges posed by price inflation, volatile markets, and shifts in consumer sentiment. As noted by Jeffrey Sanfilippo, the CEO, the company is prioritizing resources for better forecasting and order planning, which is expected to drive future growth.

Valuation and Growth Prospects

With a current P/E Ratio of 12.11 and an ROE of 18.92%, Sanfilippo's valuation appears reasonable, considering its growth prospects. Analysts estimate revenue growth of 1.1% for the next year, which may be conservative given the company's historical performance and its efforts to drive sales volume growth. The company's decision to declare a special cash dividend of $1 per share, totaling $11.7 million, demonstrates its commitment to returning value to shareholders. The dividend yield currently stands at 2.19%, providing a relatively attractive return for income investors.

Challenges and Future Outlook

Despite the positive performance, Sanfilippo faces ongoing headwinds, including shifts in consumer behavior, impacts of tariffs, and commodity inflation. The company's snack bar sales, for instance, have been affected by consumer behavior, rather than customer or retailer issues. Nevertheless, management remains confident in its ability to navigate these challenges and grow its business, with a focus on delivering best-in-class service and value to customers, and driving ongoing improvements in profitability.

3. NewsRoom

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Best Income Stocks to Buy for Dec. 2

Dec -02

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Dec -02

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Creative Planning Purchases Shares of 32,148 John B. Sanfilippo & Son, Inc. $JBSS

Nov -26

Source: defenseworld.net

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Creative Planning Takes $2.03 Million Position in John B. Sanfilippo & Son, Inc. $JBSS

Nov -26

Source: defenseworld.net

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4 Low-Beta Defensive Stocks to Buy as Consumer Sentiment Plummets

Nov -25

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John B. Sanfilippo & Son, Inc. $JBSS Holdings Raised by Bank of New York Mellon Corp

Nov -21

Source: defenseworld.net

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (1.07%)

6. Segments

Trail & Snack Mixes

Expected Growth: 1.2%

The 1.2% growth in Trail & Snack Mixes from John B. Sanfilippo & Son, Inc. is driven by increasing consumer demand for healthy and convenient snacking options, rising popularity of outdoor activities, and strategic product innovations such as organic and non-GMO offerings.

Cashews & Mixed Nuts

Expected Growth: 1.1%

The 1.1% growth of Cashews & Mixed Nuts from John B. Sanfilippo & Son, Inc. is driven by increasing demand for healthy snacks, rising popularity of plant-based diets, and strategic product innovation. Additionally, the company's strong distribution network and effective marketing strategies contribute to the segment's growth.

Peanuts and Peanut Butter

Expected Growth: 0.9%

John B. Sanfilippo & Son's peanuts and peanut butter segment growth of 0.9% is driven by increasing demand for healthy and convenient snacking options, steady sales in the baking and confectionery industries, and strategic acquisitions expanding the company's product offerings and distribution channels.

Pecans

Expected Growth: 1.0%

Pecans from John B. Sanfilippo & Son, Inc. achieved 1.0% growth driven by increasing demand for healthy snacks, rising popularity of plant-based diets, and strategic expansion into new distribution channels, including e-commerce and grocery stores. Additionally, the company's focus on product innovation and quality control contributed to the growth.

Almonds

Expected Growth: 1.3%

The 1.3% growth of almonds from John B. Sanfilippo & Son, Inc. is driven by increasing demand for healthy snacks, rising popularity of plant-based diets, and growing consumer awareness of almonds' nutritional benefits. Additionally, strategic partnerships and expanding distribution channels contribute to the segment's growth.

Other

Expected Growth: 0.8%

John B. Sanfilippo & Son, Inc.'s 0.8% growth in 'Other' segment is driven by increasing demand for healthy and organic food products, expansion of online sales channels, and strategic partnerships with major retailers. Additionally, the company's focus on product innovation and diversification into new categories, such as snacks and baking products, contributes to its growth momentum.

Walnuts

Expected Growth: 1.1%

Walnuts from John B. Sanfilippo & Son, Inc. achieved 1.1% growth driven by increasing demand for healthy snacks, rising popularity of plant-based diets, and strategic expansion into new distribution channels, including e-commerce and convenience stores.

7. Detailed Products

Peanuts

Raw and roasted peanuts for snacking, baking, and cooking

Tree Nuts

Variety of tree nuts including almonds, walnuts, and pecans for snacking and baking

Seeds

Sunflower seeds, pumpkin seeds, and other seeds for snacking and cooking

Dried Fruit

Dried fruits including cranberries, apricots, and raisins for snacking and baking

Snack Mixes

Pre-packaged snack mixes including nuts, seeds, and dried fruits

Butter and Oils

Peanut butter, almond butter, and other nut butters for cooking and snacking

Baking Ingredients

Nuts, seeds, and dried fruits for baking and cooking

8. John B. Sanfilippo & Son, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for John B. Sanfilippo & Son, Inc. is medium due to the availability of alternative snack options for consumers.

Bargaining Power Of Customers

The bargaining power of customers for John B. Sanfilippo & Son, Inc. is low due to the company's strong brand recognition and customer loyalty.

Bargaining Power Of Suppliers

The bargaining power of suppliers for John B. Sanfilippo & Son, Inc. is medium due to the company's dependence on a few large suppliers for raw materials.

Threat Of New Entrants

The threat of new entrants for John B. Sanfilippo & Son, Inc. is low due to the high barriers to entry in the snack food industry.

Intensity Of Rivalry

The intensity of rivalry for John B. Sanfilippo & Son, Inc. is high due to the competitive nature of the snack food industry.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 4.21%
Debt Cost 4.33%
Equity Weight 95.79%
Equity Cost 4.33%
WACC 4.33%
Leverage 4.39%

11. Quality Control: John B. Sanfilippo & Son, Inc. passed 9 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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John B. Sanfilippo & Son

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

72.08$

Current Price

72.08$

Potential

-0.00%

Expected Cash-Flows