Sanfilippo John B & Son Inc. Files 2025 10-K
Ticker: JBSS · Form: 10-K · Filed: Aug 20, 2025 · CIK: 880117
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
JBSS filed 2025 10-K. Financials look solid, check Selma Texas financing.
AI Summary
Sanfilippo John B & Son Inc. filed its 10-K for the fiscal year ending June 26, 2025. The filing details financial performance, business operations in the sugar and confectionery products sector, and includes information on various financial obligations and equity awards. Key dates mentioned include the filing date of August 20, 2025, and the fiscal year end of June 26, 2025.
Why It Matters
This filing provides investors and stakeholders with a comprehensive overview of Sanfilippo John B & Son Inc.'s financial health and operational status for the fiscal year 2025, impacting investment decisions.
Risk Assessment
Risk Level: low — The filing is a standard annual report and does not indicate any immediate or significant new risks.
Key Numbers
- 2025 — Fiscal Year End (The report covers the fiscal year ending June 26, 2025.)
- 20250820 — Filing Date (The 10-K was filed on August 20, 2025.)
Key Players & Entities
- SANFILIPPO JOHN B & SON INC (company) — Filer
- 20250626 (date) — Conformed Period of Report
- 20250820 (date) — Filed as of Date
- SUGAR & CONFECTIONERY PRODUCTS (industry) — Standard Industrial Classification
- 1703 N. RANDALL ROAD (address) — Business Address
- ELGIN, IL 60123-7820 (address) — Business Address
- jbss:SelmaTexasFacilityFinancingObligationMember (financial_obligation) — Specific financing obligation
- jbss:O2025M2DividendsMember (dividend) — Subsequent event related to dividends
FAQ
What is the company's primary business sector?
The company operates in the SUGAR & CONFECTIONERY PRODUCTS sector, with SIC code 2060.
When is the company's fiscal year end?
The company's fiscal year ends on June 28 (0628).
What is the company's main business address?
The company's business address is 1703 N. RANDALL ROAD, ELGIN, IL 60123-7820.
Are there any specific financing obligations mentioned?
Yes, the filing mentions 'jbss:SelmaTexasFacilityFinancingObligationMember' and 'jbss:SelmaTexasFacilityFinancingObligationDueInInstallmentsThroughSeptemberOneTwoThousandTwentySixMember'.
What subsequent event is noted regarding dividends?
A subsequent event related to 'jbss:O2025M2DividendsMember' occurred on August 19, 2025.
Filing Stats: 4,491 words · 18 min read · ~15 pages · Grade level 13.6 · Accepted 2025-08-20 16:56:00
Key Financial Figures
- $85.54 — December 26, 2024 (8,916,664 shares at $85.54 per share). As of August 14, 2025 , 9
Filing Documents
- jbss-20250626.htm (10-K) — 3117KB
- jbss-ex4_1.htm (EX-4.1) — 22KB
- jbss-ex10_20.htm (EX-10.20) — 1470KB
- jbss-ex21.htm (EX-21) — 6KB
- jbss-ex23.htm (EX-23) — 3KB
- jbss-ex31_1.htm (EX-31.1) — 15KB
- jbss-ex31_2.htm (EX-31.2) — 15KB
- jbss-ex32_1.htm (EX-32.1) — 8KB
- jbss-ex32_2.htm (EX-32.2) — 8KB
- img24989664_0.jpg (GRAPHIC) — 127KB
- 0000950170-25-110463.txt ( ) — 15890KB
- jbss-20250626.xsd (EX-101.SCH) — 1892KB
- jbss-20250626_htm.xml (XML) — 2701KB
Business
Item 1. Business 2
Risk Factors
Item 1A. Risk Factors 7
B. Unresolved Staff Comments
Item 1 B. Unresolved Staff Comments 16
Cybersecurity
Item 1C. Cybersecurity 16
Properties
Item 2. Properties 17
Legal Proceedings
Item 3. Legal Proceedings 19
Mine Safety
Item 4. Mine Safety 19 Part II 22
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 22
Selected Financial Data
Item 6. Selected Financial Data 24
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 25
Quantitative and Qualitative Disclosures About Market Risk
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 34
Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data 35
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 63
Controls and Procedures
Item 9A. Controls and Procedures 63
Other Information
Item 9B. Other Information 63
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 63 Part III 64
Directors, Executive Officers and Corporate Governance
Item 10. Directors, Executive Officers and Corporate Governance 64
Executive Compensation
Item 11. Executive Compensation 64
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 64
Certain Relationships and Related Transactions, and Director Independence
Item 13. Certain Relationships and Related Transactions, and Director Independence 64
Principal Accountant Fees and Services
Item 14. Principal Accountant Fees and Services 64 Part IV 65
Exhibits and Financial Statement Schedules
Item 15. Exhibits and Financial Statement Schedules 65
Form 10-K Summary
Item 16. Form 10-K Summary 65
Signatures
Signatures 68 1 PART I
— Business
Item 1 — Business a. General Development of Business John B. Sanfilippo & Son, Inc. was formed as a corporation under the laws of the State of Delaware in 1979 as the successor by merger to an Illinois corporation that was incorporated in 1959. As used throughout this annual report on Form 10-K, unless the context otherwise indicates, the terms "we", "us", "our" or "Company" collectively refer to John B. Sanfilippo & Son, Inc. and its wholly-owned subsidiary, JBSS Ventures, LLC. Our fiscal year ends on the final Thursday of June each year, and typically consists of fifty-two weeks (four thirteen-week quarters). Additional information on the comparability of the periods presented is as follows: References herein to fiscal 2026 are to the fiscal year ending June 25, 2026. References herein to fiscal 2025, fiscal 2024 and fiscal 2023 are to the fiscal years ended June 26, 2025, June 27, 2024 and June 29, 2023, respectively. We are one of the leading processors and distributors of peanuts, pecans, cashews, walnuts, almonds and other nuts in the United States, and we also manufacture and distribute complete portfolio of snack and nutrition bars ("bars"). These nuts are primarily sold under a variety of private brand names, as well as under our Fisher , Orchard Valley Harvest , Squirrel Brand and Southern Style Nuts brand names. We market and distribute, and in most cases, manufacture or process, a diverse product line of food and snack products, including bars, peanut butter, almond butter, cashew butter, candy and confections, snack and trail mixes, granola, sunflower kernels, dried fruit, corn snacks, sesame sticks, other sesame snack products and baked cheese snack products under our brand names, including Just the Cheese , and under private brands. Our products are sold through three primary distribution channels, including food retailers in the consumer channel, commercial ingredient users and contract manufacturing customers. Our website is accessible t