John B Sanfilippo & Son Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 25, 2015
January 28, 2016 at 09:19 pm
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John B Sanfilippo & Son Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 25, 2015. For the quarter, net sales were $279.002 million against $251.373 million a year ago. Income from operations was $19.692 million against $14.678 million a year ago. Income before income taxes was $18.542 million against $13.253 million a year ago. Net income was $12.050 million or $1.07 per diluted share against $8.403 million or $0.75 per diluted share a year ago. The increase in Net Sales were primarily attributable to a 9.4% increase in sales volume, which is measured as pounds sold to customers.
For the year, net sales were $504.779 million against $456.410 million a year ago. Income from operations was $33.437 million against $26.691 million a year ago. Income before income taxes was $30.850 million against $22.366 million a year ago. Net income was $20.040 million or $1.77 per diluted share against $14.318 million or $1.28 per diluted share a year ago. The increase in net sales in the year to date comparison was primarily attributable to a 5.0% increase in sales volume and higher selling prices for all major product types except peanuts and walnuts.
John B. Sanfilippo & Son, Inc. is a processor and distributor of peanuts, pecans, cashews, walnuts, almonds and other nuts in the United States. Its nuts are sold under its Fisher, Orchard Valley Harvest, Squirrel Brand and Southern Style Nuts brand names and under a variety of private brands. It also markets and distributes a diverse product line of food and snack products, including peanut butter, almond butter, cashew butter, candy and confections, snack and trail mixes, nutrition bars, snack bites, sunflower kernels, dried fruit, corn snacks, chickpea snacks, sesame sticks and other sesame snack products under its brand names and under private brands. Its products are raw and processed nuts. The nut product line includes almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts and filberts. Its products are sold through food retailers in the consumer channel, commercial ingredient users and contract packaging customers.
JOHN B. SANFILIPPO & SON, INC. 
