SANFILIPPO JOHN B & SON INC JBSS
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 (this "Report"), 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:
We are one of the leading processors and distributors of peanuts, pecans, cashews, walnuts, almonds and other nuts in the United States. We also manufacture and distribute a portfolio of snack and nutrition bars ("bars"), and market and distribute, and in most cases, manufacture or process, a diverse product line of other food and snack products, including peanut butter, almond butter, cashew butter, candy and confections, snack and trail mixes, granola, sunflower kernels, dried fruit, corn snacks, sesame sticks and other sesame snack products. We primarily sell our products under a variety of private brand names, as well as under our Fisher, Orchard Valley Harvest, Squirrel Brand and Southern Style Nuts brand names. Our products are sold through three core distribution channels, including food retailers in the consumer channel, commercial ingredient users and contract manufacturing customers.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.18B | $1.11B | $1.07B | $999.7M | $955.9M | $858.5M | $880.1M | $876.2M | $888.9M | $846.6M |
| Cost of revenue | $964.5M | $903.8M | $852.6M | $788.1M | $756.2M | $673.5M | $704.3M | $717.9M | $750.0M | $704.7M |
| Gross profit | $211.2M | $203.5M | $214.1M | $211.6M | $199.6M | $185.0M | $175.8M | $158.3M | $138.9M | $141.9M |
| R&D | $3.3M | $3.5M | $3.6M | $3.4M | $2.8M | $2.0M | $999.0K | $892.0K | $701.0K | $658.0K |
| SG&A | $43.0M | $39.8M | $48.5M | $44.6M | $37.7M | $36.8M | $37.9M | $38.0M | $29.8M | $32.1M |
| Total operating expenses | $122.0M | $118.8M | $129.0M | $121.4M | $112.2M | $99.8M | $97.2M | $99.7M | $82.7M | $81.4M |
| Operating income | $89.2M | $84.7M | $85.2M | $90.2M | $87.4M | $85.2M | $78.5M | $58.5M | $56.2M | $60.5M |
| Interest expense | $2.4M | $3.6M | $2.5M | $2.2M | $1.9M | $1.4M | $2.0M | $3.1M | $3.5M | $2.9M |
| Pre-tax income | $83.0M | $77.9M | $79.9M | $85.3M | $81.7M | $79.8M | $72.7M | $52.4M | $49.4M | $54.1M |
| Income tax | $21.0M | $18.9M | $19.7M | $22.5M | $19.9M | $20.1M | $18.6M | $13.0M | $16.9M | $18.0M |
| Net income | $61.9M | $58.9M | $60.2M | $62.9M | $61.8M | $59.7M | $54.1M | $39.5M | $32.5M | $36.1M |
| EPS, basic | 5.29 | 5.06 | 5.19 | 5.43 | 5.36 | 5.19 | 4.72 | 3.45 | 2.86 | 3.19 |
| EPS, diluted | 5.26 | 5.03 | 5.15 | 5.40 | 5.33 | 5.17 | 4.69 | 3.43 | 2.84 | 3.17 |
| Shares, diluted (wtd. avg.) | $11.8M | $11.7M | $11.7M | $11.6M | $11.6M | $11.6M | $11.5M | $11.5M | $11.4M | $11.4M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.1M | $585.0K | $484.0K | $1.9M | $415.0K | $672.0K | $1.5M | $1.6M | $1.4M | $2.0M |
| Receivables | $84.3M | $76.7M | $85.0M | $72.7M | $69.6M | $66.3M | $57.0M | $61.0M | $65.4M | $64.8M |
| Inventory | $245.8M | $254.6M | $196.6M | $172.9M | $204.9M | $148.0M | $172.1M | $157.0M | $174.4M | $182.4M |
| Total current assets | $349.3M | $346.4M | $294.1M | $254.4M | $283.2M | $225.2M | $238.9M | $225.3M | $247.9M | $253.4M |
| Property, plant and equipment | $256.0M | $178.2M | $165.1M | $135.5M | $132.6M | $133.4M | $123.8M | $126.2M | $125.1M | $125.5M |
| Goodwill | $11.8M | $11.8M | $11.8M | $11.8M | $9.7M | $9.7M | $9.7M | $9.7M | $9.7M | — |
| Other intangibles | $3.4M | $4.4M | $5.8M | $6.7M | $8.1M | $10.0M | $12.1M | $14.6M | $17.7M | $0 |
| Total assets | $658.6M | $597.6M | $515.6M | $425.3M | $447.3M | $398.5M | $407.5M | $391.3M | $415.9M | $398.1M |
| Accounts payable | $72.4M | $60.5M | $53.4M | $42.7M | $47.7M | $48.9M | $36.3M | $42.6M | $60.3M | $50.0M |
| Total current liabilities | $167.9M | $156.0M | $125.9M | $85.7M | $122.8M | $100.2M | $112.2M | $83.9M | $117.2M | $109.9M |
| Total liabilities | $278.6M | $236.9M | $193.0M | $133.1M | $168.4M | $156.0M | $169.2M | $136.7M | $172.9M | $162.6M |
| Retained earnings | $236.7M | $221.5M | $187.0M | $161.5M | $153.6M | $126.3M | $124.1M | $137.7M | $127.3M | $123.2M |
| Total equity | $379.9M | $360.7M | $322.6M | $292.2M | $278.8M | $242.5M | $238.2M | $254.6M | $243.0M | $235.5M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $123.8M | $30.5M | $101.7M | $124.7M | $19.6M | $104.7M | $63.6M | $83.5M | $66.2M | $52.7M |
| Depreciation and amortisation | $28.2M | $26.9M | $24.6M | $20.5M | $18.3M | $18.3M | $17.9M | $17.0M | $15.4M | $15.6M |
| Stock-based compensation | $4.2M | $4.5M | $4.4M | $3.6M | $3.6M | $2.9M | $2.5M | $2.6M | $2.8M | $2.5M |
| Capital expenditure | $88.1M | $50.7M | $28.3M | $20.7M | $17.8M | $25.2M | $15.0M | $15.1M | $13.2M | $10.9M |
| Investing cash flow | -$86.2M | -$50.8M | -$87.3M | -$24.3M | -$11.4M | -$22.9M | -$14.0M | -$14.6M | -$35.0M | -$10.5M |
| Financing cash flow | -$37.1M | $20.4M | -$15.8M | -$98.8M | -$8.5M | -$82.6M | -$49.6M | -$68.7M | -$31.7M | -$42.4M |
| Dividends paid | $46.8M | $24.4M | $34.8M | $54.9M | $34.5M | $57.5M | $68.7M | $29.1M | $28.4M | $56.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-356919.
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