Quarterly ResultApr 29, 2026, 04:41 PM
JBSS Q3 Net Income -16.4%; YTD Net Income +17.9%; Warehouse Expansion
AI Summary
John B. Sanfilippo & Son, Inc. reported mixed results for the third quarter of fiscal 2026, with net sales rising 8.0% to $281.8 million, but net income decreasing 16.4% to $16.8 million. For the thirty-nine weeks ended March 26, 2026, net sales increased 6.8% to $895.2 million, and net income grew 17.9% to $53.5 million. The company also expanded its operational footprint by executing a 10-year lease for additional warehouse space in Huntley, IL, and secured a $50 million equipment loan to enhance production capabilities.
Key Highlights
- Executed 10-year lease for 285,000 sq ft additional warehouse space in Huntley, IL.
- Secured $50M equipment loan to expand production capabilities; $38.9M outstanding.
- Q3 Net Sales increased 8.0% to $281.8M.
- Q3 Net Income decreased 16.4% to $16.8M.
- YTD Net Sales increased 6.8% to $895.2M.
- YTD Net Income increased 17.9% to $53.5M.
- YTD Net cash provided by operating activities was $94.8M.
- Revolving credit facility borrowings reduced to $31.2M from $89.6M YoY.