JBSS

EX-99.1

2 jbss-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

John B. Sanfilippo & Son, Inc. Reports Fiscal 2027 First Quarter Results

Company Reports First Quarter Diluted EPS of $1.11 per Share

Elgin, IL, October 28, 2026 -- John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the “Company”) today announced financial results for its fiscal 2027 first quarter ended September 24, 2026.

First Quarter Summary

• Net sales decreased $10.5 million, or 3.5%, to $288.1 million

• Sales volume remained flat at 90.5 million pounds.

• Gross profit decreased 9.6% to $48.9 million

• Diluted EPS decreased 30.2% to $1.11 per share

CEO Commentary

“I am honored to serve as Chief Executive Officer and build upon the strong foundation of our Company. We remain committed to profitable growth, operational excellence, disciplined capital allocation, and maintaining our financial strength, while continuing to deliver exceptional service to our customers. We delivered a solid start to fiscal 2027 in a difficult economic environment. Sales volume was unchanged from the prior year period, marking our third consecutive quarter of stable or improving volume performance. While last year’s exceptionally strong first quarter diluted EPS provided a difficult comparison, we improved diluted EPS by more than 50% compared to the fourth quarter of fiscal 2026, demonstrating meaningful improvement in profitability and positive momentum during the 2026 calendar year. Looking ahead, we remain focused on executing our strategic priorities and believe we are well positioned to build on this momentum throughout fiscal 2027,” stated Jasper B. Sanfilippo Jr., Chief Executive Officer.

First Quarter Results

Net Sales

Net sales for the first quarter of fiscal 2027 decreased by $10.5 million, or 3.5%, to $288.1 million. This decrease was driven by a 3.6% decrease in the weighted average selling price per pound. The decrease in the weighted average selling price per pound was primarily attributable to a shift in product mix toward lower priced items and lower selling prices for walnuts, trail and snack mix products and peanuts mainly due to lower commodity acquisition costs. These decreases were partially offset by higher selling prices for pecans and almonds due to higher commodity acquisition costs. Sales volume decreased for all major product types, except for peanuts, walnuts and pecans, all of which experienced volume growth in the quarter.

1

Sales Volume

Consumer Distribution Channel -6.7%

Sales volume decreased primarily due to a 6.3% reduction in private brand sales volume. The decline was driven mainly by lower nut and trail mix volumes and, to a lesser extent, lower bar volumes. Bar sales were impacted by softness in mainstream bars and consumer migration to smaller pack sizes, partially offset by the successful launch of a new “better-for-you” bar offering and expanded bar business with an existing customer. Nut and trail mix sales volume was negatively impacted by lower sales to several existing customers driven by category softness in snack and trail mix products and peanuts, reduced promotional activity and the impact of previously lost business. These declines were partially offset by new business at a grocery retailer and additional recipe nut volume at three existing customers.

Commercial Ingredients Distribution Channel +3.7%

This sales volume increase was primarily driven by increased sales of peanut crushing stock to peanut oil processors. In addition, Foodservice sales increased modestly due to new business, customer growth and favorable order timing. These increases were partially offset by lower Industrial sales resulting from planned business exits, lower customer demand and unfavorable order timing.

Contract Manufacturing Distribution Channel +41.3%

This sales volume increase was mainly driven by increased snack nut sales to an existing customer. This increase was partially offset by non-repeat of the prior year granola sales opportunity.

Gross Profit

Gross profit decreased $5.2 million to $48.9 million and gross profit margin declined to 17.0% of net sales from 18.1% of net sales in the prior year’s first quarter. The decrease in gross profit was primarily attributable to competitive pricing pressure and timing of pricing actions for peanuts, bars and snack and trail mix products. Additionally, manufacturing expenses increased due to higher freight, equipment repairs and maintenance and rent costs. The decrease in gross profit margin was attributable to these factors and an unfavorable shift in product mix.

Operating Expenses, net

Total operating expenses increased $2.5 million compared to the prior year quarter, primarily driven by increases in professional fees, freight costs, rent expense and compensation expense. These increases were partially offset by lower incentive compensation expense. As a percentage of net sales, total operating expenses increased to 10.3% from 9.1% in the prior comparable quarter, driv

EX-99.1

2 jbss-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

John B. Sanfilippo & Son, Inc. Reports Fiscal 2027 First Quarter Results

Company Reports First Quarter Diluted EPS of $1.11 per Share

Elgin, IL, October 28, 2026 -- John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the “Company”) today announced financial results for its fiscal 2027 first quarter ended September 24, 2026.

First Quarter Summary

• Net sales decreased $10.5 million, or 3.5%, to $288.1 million

• Sales volume remained flat at 90.5 million pounds.

• Gross profit decreased 9.6% to $48.9 million

• Diluted EPS decreased 30.2% to $1.11 per share

CEO Commentary

“I am honored to serve as Chief Executive Officer and build upon the strong foundation of our Company. We remain committed to profitable growth, operational excellence, disciplined capital allocation, and maintaining our financial strength, while continuing to deliver exceptional service to our customers. We delivered a solid start to fiscal 2027 in a difficult economic environment. Sales volume was unchanged from the prior year period end, marking our third consecutive quarter of stable or improving volume performance. While last year's exceptionally strong first quarter diluted EPS provided a difficult comparison, we improved diluted EPS by more than 50% compared to the fourth quarter of fiscal 2026, demonstrating meaningful improvement in profitability and positive momentum during the 2026 calendar year. Looking ahead, we remain focused on executing our strategic priorities and believe we are well positioned to build on this momentum throughout fiscal 2027,” stated Jasper B. Sanfilippo, Jr., Chief Executive Officer.

First Quarter Results

Net Sales

Net sales for the first quarter of fiscal 2027 decreased by $10.5 million, or 3.5%, to $288.1 million. This decrease was driven by a 3.6% decrease in the weighted average selling price per pound. The decrease in the weighted average selling price per pound was primarily attributable to a shift in product mix toward lower priced items and lower selling prices for walnuts, trail and snack mix products and peanuts mainly due to lower commodity acquisition costs. These decreases were partially offset by higher selling prices for pecans and almonds due to higher commodity acquisition costs. Sales volume decreased for all major product types, except for peanuts, walnuts and pecans, all of which experienced volume growth in the quarter.

1

Sales Volume

Consumer Distribution Channel -6.7%

Sales volume decreased primarily due to a 6.3% reduction in private brand sales volume. The decline was driven mainly by lower nut and trail mix volumes and, to a lesser extent, lower bar volumes. Bar sales were impacted by softness in mainstream bars and consumer migration to smaller pack sizes, partially offset by the successful launch of a new “better for you” bar offering and expanded bar business with an existing customer. Nut and trail mix sales volume was negatively impacted by lower sales to several existing customers driven by category softness in snack and trail mix products and peanuts, reduced promotional activity and the impact of previously lost business. These declines were partially offset by new business at a grocery retailer and additional recipe nut volume at three existing customers.

Commercial Ingredients Distribution Channel +3.7%

This sales volume increase was primarily driven by increased sales of peanut crushing stock to peanut oil processors. In addition, Foodservice sales increased modestly due to new business, customer growth and favorable order timing. These increases were partially offset by lower Industrial sales resulting from planned business exits, lower customer demand and unfavorable order timing.

Contract Manufacturing Distribution Channel +41.3%

This sales volume increase was mainly driven by increased snack nut sales to a significant new customer that was added in the second quarter of the prior year. This increase was partially offset by non-repeat of the prior year granola sales volume opportunity.

Gross Profit

Gross profit decreased $5.2 million to $48.9 million and gross profit margin declined to 17.0% of net sales from 18.1% of net sales in the prior year’s first quarter. The decrease in gross profit was primarily attributable to competitive pricing pressure and timing of pricing actions for peanuts, bars and snack and trail mix products. Additionally, manufacturing expenses increased due to higher freight, equipment repairs and maintenance and rent costs. The decrease in gross profit margin was attributable to these factors and an unfavorable shift in product mix.

Operating Expenses, net

Total operating expenses increased $2.5 million compared to the prior year quarter, primarily driven by increases in professional fees, freight costs, rent expense and compensation expense. These increases were partially offset by lower incentive compensation expense. As a percentage of net sales, total operating exp

8-K

false0000880117SANFILIPPO JOHN B & SON INC00008801172026-08-192026-08-19

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 19, 2026 (August 19, 2026)

JOHN B. SANFILIPPO & SON, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

0-19681

36-2419677

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

1703 N. RANDALL ROAD

Elgin, Illinois

60123-7820

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (847) 289-1800

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $.01 par value per share

JBSS

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition”.

On August 19, 2026, John B. Sanfilippo & Son, Inc. issued a press release regarding its financial results for the fourth quarter and fifty-two weeks ended June 25, 2026. This press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits. (d) Exhibits

The exhibits furnished herewith are listed in the Exhibit Index of this Current Report on Form 8-K.

EXHIBIT INDEX

Exhibits

Description

99.1

Press Release dated August 19, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

JOHN B. SANFILIPPO & SON, INC.

Date:

August 19, 2026

By:

/s/ Frank S. Pellegrino

Frank S. Pellegrino Chief Financial Officer, Executive Vice President, Finance and Administration