Loading...
•
Dec 29, 2022
Sanfilippo Q2 2023 Earnings Report
Net sales and diluted EPS increased.
Key Takeaways
John B. Sanfilippo & Son, Inc. reported an 8.3% increase in net sales to $274.3 million and a 27.2% increase in diluted EPS to $1.45 per share for the second quarter of fiscal year 2023.
Net sales increased 8.3% to $274.3 million.
Sales volume decreased 3.8% to 80.4 million pounds.
Gross profit increased 8.2% to $56.5 million.
Diluted EPS increased 27.2% to $1.45 per share.
Forward Guidance
The company expects stabilization in the supply chain and modest downward pressure in the acquisition costs of tree nuts.
Positive Outlook
- Stabilization in the supply chain
- Modest downward pressure in the acquisition costs of tree nuts
- Continuation of journey to diversify product offerings
- Strong demand for products, especially from private brand customers
- New product line of private brand nutrition bars began shipping
Challenges Ahead
- Current economic and operating environment
- Recent category contraction
- Decline in sales volume for peanuts and all major tree nuts (except pecans)
- Competitive pricing pressure at grocery store retailers
- Lost distribution at a grocery store retailer
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...