John B. Sanfilippo & Son, Inc. Reports Earnings Results for the Second Quarter Ended December 24, 2020
January 27, 2021 at 04:37 pm
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John B. Sanfilippo & Son, Inc. announced earnings results for the second quarter ended December 24, 2020. For the second quarter, the company announced sales was USD 233.575 million compared to USD 246.423 million a year ago. Operating income was USD 27.796 million compared to USD 24.466 million a year ago. Net income was USD 19.885 million compared to USD 17.461 million a year ago. For the half year, sales was USD 443.848 million compared to USD 464.269 million a year ago. Operating income was USD 46.669 million compared to USD 43.528 million a year ago. Net income was USD 32.697 million compared to USD 30.387 million a year ago.
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.