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Sep 26, 2024
Sanfilippo Q1 2025 Earnings Report
Net sales increased due to the Lakeville Acquisition and strategic pricing actions, while gross profit decreased due to lower selling prices and higher commodity costs.
Key Takeaways
John B. Sanfilippo & Son, Inc. reported an increase in net sales driven by the Lakeville Acquisition, but experienced a decrease in gross profit due to pricing pressures and higher commodity costs. Diluted EPS decreased by 33.8% to $1.00 per share.
Net sales increased by 18.0% to $276.2 million, including $40.5 million from the Lakeville Acquisition.
Gross profit decreased by 18.4% to $46.5 million due to lower selling prices and higher commodity costs.
Diluted EPS decreased 33.8% to $1.00 per share.
Sales volume increased 24.5% to 91.2 million pounds.
Forward Guidance
The company will continue to execute on its strategic plan, focusing on optimizing commodity acquisition costs, driving category growth, increasing distribution, and identifying operational efficiencies.
Positive Outlook
- Optimize commodity acquisition costs and selling price alignment.
- Drive category growth for snack and trail mix.
- Increase snack and nutrition bar distribution.
- Identify additional operational efficiencies.
- Continue to execute on strategic plan.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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