Dry fruit products maker John B Sanfilippo posts rise Q2 sales and EPS
Overview
Nut processor's fiscal Q2 net sales rose 4.6% despite a decline in sales volume
Diluted EPS increased 31.9% to $1.53 per share
Company attributes performance to strategic pricing and operational efficiencies
Outlook
Company expects reduced tariffs on imported nuts to support future demand
Company expanding product pipeline to align with health and wellness trends
CEO confident in navigating dynamic environment and capitalizing on growth opportunities
Result Drivers
PRICE INCREASES - Net sales growth driven by a 15.8% increase in weighted average selling price per pound due to higher commodity costs
GROSS PROFIT IMPROVEMENT - Gross profit rose 13.2% due to higher net sales and better alignment of selling prices with commodity costs
OPERATIONAL EFFICIENCIES - Improved operational efficiencies and reduced manufacturing spending contributed to gross profit increase
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Slight Beat* | $314.78 mln | $313.43 mln (1 Analyst) |
Q2 EPS |
| $1.53 |
|
Q2 Gross Margin |
| 18.80% |
|
Q2 EBIT |
| $25.98 mln |
|
Q2 Gross Profit |
| $59.17 mln |
|
Q2 Pretax Profit |
| $24.51 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nBw8w1mDYa
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