Sanfilippo John B & Son Inc. Files 10-Q
Ticker: JBSS · Form: 10-Q · Filed: Jan 29, 2025 · CIK: 880117
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
**JBSS 10-Q filed: Check financials for Q2 2024.**
AI Summary
Sanfilippo John B & Son Inc. filed a 10-Q for the period ending December 26, 2024. The filing details financial information for the company, which operates in the sugar and confectionery products industry. Key financial data points and disclosures related to their operations and financial position are presented in this report.
Why It Matters
This 10-Q filing provides investors and analysts with a quarterly update on the financial health and operational performance of Sanfilippo John B & Son Inc., crucial for investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly filing (10-Q) that provides standard financial disclosures and does not appear to contain any immediate red flags.
Key Numbers
- 20241226 — Period End Date (The report covers financial data up to this date.)
- 20250129 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- SANFILIPPO JOHN B & SON INC (company) — Filer
- 20241226 (date) — Conformed Period of Report
- 20250129 (date) — Filed as of Date
- SUGAR & CONFECTIONERY PRODUCTS (industry) — Standard Industrial Classification
- 1703 N. RANDALL ROAD (address) — Business Address
- ELGIN (city) — Business Address City
- IL (state) — Business Address State
- 60123-7820 (zip_code) — Business Address Zip
- 847-289-1800 (phone_number) — Business Phone
FAQ
What is the reporting period for this 10-Q filing?
The conformed period of report is 20241226, meaning the filing covers financial data up to December 26, 2024.
What is the primary business of Sanfilippo John B & Son Inc. according to the filing?
The company is classified under SUGAR & CONFECTIONERY PRODUCTS [2060].
Where is Sanfilippo John B & Son Inc. located?
The company's business address is 1703 N. RANDALL ROAD, ELGIN, IL 60123-7820.
When was this 10-Q form filed with the SEC?
The filing date (as of date) is 20250129.
What is the SEC file number for Sanfilippo John B & Son Inc.?
The SEC file number is 000-19681.
Filing Stats: 4,397 words · 18 min read · ~15 pages · Grade level 16 · Accepted 2025-01-29 17:01:45
Key Financial Figures
- $0.01 — are s of the Registrant's Common Stock, $0.01 par value per share and 2,597,426 share
Filing Documents
- jbss-20241226.htm (10-Q) — 1839KB
- jbss-ex3_3.htm (EX-3.3) — 9KB
- jbss-ex10_16.htm (EX-10.16) — 39KB
- jbss-ex10_17.htm (EX-10.17) — 73KB
- jbss-ex10_18.htm (EX-10.18) — 88KB
- jbss-ex31_1.htm (EX-31.1) — 13KB
- jbss-ex31_2.htm (EX-31.2) — 12KB
- jbss-ex32_1.htm (EX-32.1) — 6KB
- jbss-ex32_2.htm (EX-32.2) — 6KB
- 0000950170-25-010565.txt ( ) — 7261KB
- jbss-20241226.xsd (EX-101.SCH) — 951KB
- jbss-20241226_htm.xml (XML) — 1208KB
Financial Information
Part I. Financial Information
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) 3 Consolidated Statements of Comprehensive Income for the Quarter and Twenty-Six Weeks Ended December 26, 2024 and December 28, 2023 3 Consolidated Balance Sheets as of December 26, 2024, June 27, 2024 and December 28, 2023 4 Consolidated Statements of Stockholders' Equity for the Quarter and Twenty-Six Weeks Ended December 26, 2024 and December 28, 2023 6 Consolidated Statements of Cash Flows for the Twenty-Six Weeks Ended December 26, 2024 and December 28, 2023 7
Notes to Consolidated Financial Statements
Notes to Consolidated Financial Statements 8
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 16
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 27
Controls and Procedures
Item 4. Controls and Procedures 27
Other Information
Part II. Other Information
Legal Proceedings
Item 1. Legal Proceedings 27
Risk Factors
Item 1A. Risk Factors 27
Other Information
Item 5. Other Information 28
Exhibits
Item 6. Exhibits 28 Signature 31 Table of Contents
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION
Fi nancial Statements
Item 1. Fi nancial Statements JOHN B. SANFILIPPO & SON, INC. CONSOLID ATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Dollars in thousands, except share and per share amounts) For the Quarter Ended For the Twenty-Six Weeks Ended December 26, 2024 December 28, 2023 December 26, 2024 December 28, 2023 Net sales $ 301,067 $ 291,222 $ 577,263 $ 525,327 Cost of sales 248,816 233,283 478,468 410,366 Gross profit 52,251 57,939 98,795 114,961 Operating expenses: Selling expenses 22,620 21,001 42,459 42,993 Administrative expenses 10,262 11,563 19,960 22,016 Bargain purchase gain, net — ( 2,226 ) — ( 2,226 ) Total operating expenses 32,882 30,338 62,419 62,783 Income from operations 19,369 27,601 36,376 52,178 Other expense: Interest expense including $ 159 , $ 175 , $ 322 and $ 353 to related parties, respectively 772 1,055 1,288 1,282 Rental and miscellaneous expense, net 347 260 758 616 Pension expense (excluding service costs) 361 350 722 700 Total other expense, net 1,480 1,665 2,768 2,598 Income before income taxes 17,889 25,936 33,608 49,580 Income tax expense 4,294 6,765 8,354 12,821 Net income and comprehensive income $ 13,595 $ 19,171 $ 25,254 $ 36,759 Net income per common share-basic $ 1.17 $ 1.65 $ 2.17 $ 3.17 Net income per common share-diluted $ 1.16 $ 1.64 $ 2.16 $ 3.15 The accompanying unaudited notes are an integral part of these consolidated financial statements. 3 Table of Contents JOHN B. SANFILIPPO & SON, INC. CONSOLIDATED BALANCE SHEETS (Unaudited) (Dollars in thousands, except share and per share amounts) December 26, 2024 June 27, 2024 December 28, 2023 ASSETS CURRENT ASSETS: Cash $ 336 $ 484 $ 1,975 Accounts receivable, less allowance for doubtful accounts of $ 356 , $ 318 and $